Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.043%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1131.130% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.121%−$12 · spread now +0.043%, 7d avg −0.058%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.101% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METUSDT	0.2852	0.0100	pay 0.0050% / 4h	1h 13m	$4.9M	$2.9M	25x
Short	Binance METUSDT	0.2853	0.0100	get 0.0050% / 4h	1h 13m	$5.0M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.058%: $10.12
Slippage, 4 orders: −$91.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$102.85
Costs to cover: 1.130%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 11 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 Bybit live order book, 4 min ago	3.50 bp	37.5 bp −$38	210.7 bp −$2,107	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.75 bp	23.1 bp −$23	99.5 bp −$995	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 −0.1723% / S +0.0247%	1h	0.2854	+0.081%	$10K	—	50x	as long as short
Phoenix MET	−0.0114%	1h	0.2852	+0.014%	$14K	$13K	5x	as long as short
BloFin MET-USDT	+0.0041%	4h	0.2852	0.000%	$292K	$79K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2854	+0.081%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2855	+0.110%	$54K	$11K	5x	as long as short
Binance METUSDTshort	+0.0100%	4h	0.2853	+0.043%	$5.0M	$11.2M	50x
Bybit METUSDTlong	+0.0100%	4h	0.2852	long leg	$4.9M	$2.9M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2854	+0.070%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2855	+0.105%	$193K	$189K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2853	+0.035%	$966K	$272K	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	0.2853	+0.035%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2856	+0.140%	$678K	$854K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2853	+0.035%	$37K	$111K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2855	+0.105%	$2K	$1.6M	20x	as long as short
Lighter MET	+0.0136%	1h	0.2866	+0.477%	$265K	$247K	5x	as long as short
Backpack MET_USDC_PERP	+0.0566%	1h	0.2856	+0.147%	$332K	$257K	5x	as long as short