MET

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against Bybit+0.034%102s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as 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−$910.905% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.610%+$61 · spread now +0.034%, 7d avg −0.014%

Together, before fees+0.654%+$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.049% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METUSDT	0.2907	0.0100	pay 0.0050% / 4h	1h 05m	$5.1M	$3.3M	25x
Short	BloFin MET-USDT	0.2908	0.0340	get 0.0170% / 4h	1h 05m	$299K	$132K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.034%Rate

Funding earned: $50.4
Price spread: +0.034% → −0.014%: $4.85
Slippage, 4 orders: −$67.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.27
Costs to cover: 0.905%
Break-even: 11.9 days

Slippage from Bybit: live order book, just now; BloFin: live order book, 34 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, just now	1.72 bp	26.0 bp −$26	198.1 bp −$1,981	doesn't fit	doesn't fit
Sell BloFin live order book, 34 min ago	3.48 bp	16.2 bp −$16	53.7 bp −$537	doesn't fit	doesn't fit

MET on 16 exchanges

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
Phoenix MET	−0.0166%	1h	0.2908	+0.045%	$14K	$13K	5x	as long as short
GMX MET/USD [WBTC.b-USDC]	L −0.0032% / S +0.0160%	1h	0.2911	+0.141%	$9K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2908	+0.034%	$176K	$435K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2912	+0.155%	$3.9M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2910	+0.112%	$55K	$14K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2908	+0.037%	$5.0M	$12.6M	50x	as long as short
Bybit METUSDTlong	+0.0100%	4h	0.2907	long leg	$5.1M	$3.3M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2908	+0.034%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2909	+0.069%	$189K	$171K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2909	+0.069%	$983K	$327K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2910	+0.103%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2910	+0.103%	$706K	$774K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2900	−0.241%	$38K	$112K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2910	+0.103%	$2K	$1.5M	20x	as long as short
BloFin MET-USDTshort	+0.0340%	4h	0.2908	+0.034%	$299K	$132K	50x
Backpack MET_USDC_PERP	+0.0491%	1h	0.2913	+0.217%	$333K	$237K	5x	as long as short