MET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit+0.007%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1811.809% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 4 days (all we have)−0.614%−$61 · spread now +0.007%, 7d avg −0.031%

Together, before fees−0.479%−$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.038% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METUSDT	0.2784	0.0074	pay 0.0037% / 4h	23m 38s	$4.8M	$3.1M	25x
Short	Gate MET_USDT	0.2784	0.0100	get 0.0050% / 4h	23m 38s	$178K	$172K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.007%Rate

Funding earned: $5.46
Price spread: +0.007% → −0.031%: $3.77
Slippage, 4 orders: −$154.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$171.7
Costs to cover: 1.809%
Break-even: 227.3 days

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 27 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	1.79 bp	44.5 bp −$44	355.8 bp −$3,558	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	7.19 bp	48.4 bp −$48	doesn't fit	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	0.2784	+0.016%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2786	+0.086%	$14K	$15K	5x	as long as short
Bybit METUSDTlong	+0.0074%	4h	0.2784	long leg	$4.8M	$3.1M	25x
Lighter MET	+0.0096%	1h	0.2784	0.000%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2784	+0.014%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2785	+0.049%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2784	−0.004%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2784	+0.007%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2784	+0.007%	$178K	$172K	50x
MEXC MET_USDT	+0.0100%	4h	0.2784	+0.007%	$936K	$281K	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	0.2786	+0.079%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2787	+0.115%	$652K	$866K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2787	+0.111%	$317K	$308K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2782	−0.065%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2785	+0.043%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0154%	4h	0.2785	+0.043%	$284K	$89K	50x	as long as short