MET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.58 per $10,000 · paid last 24h +0.004%

Price spread now: Bybit against BloFin−0.072%102s7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1201.201% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)−0.883%−$88 · spread now −0.072%, 7d avg +0.010%

Together, before fees−0.958%−$96 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.082% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MET-USDT	0.2780	0.0120	pay 0.0060% / 4h	17m 31s	$284K	$89K	50x
Short	Bybit METUSDT	0.2778	0.0004	get 0.0002% / 4h	17m 31s	$4.8M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$24.25
Price spread: −0.072% → +0.010%: −$8.24
Slippage, 4 orders: −$97.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$152.64
Costs to cover: 1.201%
Break-even: never at this rate

Slippage from BloFin: live order book, 17 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 17 min ago	1.80 bp	18.9 bp −$19	67.2 bp −$672	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.60 bp	39.6 bp −$40	179.4 bp −$1,794	doesn't fit	doesn't fit

MET on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX MET/USD [WBTC.b-USDC]	L −0.0498% / S +0.0175%	1h	0.2778	−0.070%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2782	+0.086%	$14K	$15K	5x	as long as short
Bybit METUSDTshort	+0.0004%	4h	0.2778	−0.072%	$4.8M	$3.1M	25x
Lighter MET	+0.0096%	1h	0.2780	−0.007%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2779	−0.025%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2781	+0.045%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2781	+0.036%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2781	+0.036%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2778	−0.072%	$178K	$172K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2779	−0.036%	$934K	$282K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2780	0.000%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2783	+0.108%	$651K	$864K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2781	+0.029%	$317K	$307K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2776	−0.144%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2778	−0.072%	$2K	$1.6M	20x	as long as short
BloFin MET-USDTlong	+0.0120%	4h	0.2780	long leg	$284K	$89K	50x