Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Gate+0.185%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.185% dearer against Gate than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MET_USDT	0.2735	0.0100	pay 0.0050% / 4h	2h 16m	$174K	$195K	50x
Short	Aster METUSDT	0.2740	0.0100	get 0.0050% / 4h	2h 16m	$51K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.185%Rate

Funding earned: $0
Price spread: +0.185% → 0.000%: $18.52
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.48
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 25 min ago; Aster: no order-book sample. Net counts fees only.

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 Gate live order book, 25 min ago	3.67 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0738% / S +0.0214%	1h	0.2738	+0.094%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2732	−0.121%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2738	+0.128%	$167K	$424K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2737	+0.084%	$3.6M	$1.9M	3x	as long as short
Aster METUSDTshort	+0.0100%	4h	0.2740	+0.185%	$51K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2739	+0.129%	$4.6M	$12.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2736	+0.037%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2738	+0.110%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2735	long leg	$174K	$195K	50x
MEXC MET_USDT	+0.0100%	4h	0.2736	+0.037%	$842K	$292K	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	0.2739	+0.146%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2737	+0.073%	$687K	$969K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2734	−0.026%	$308K	$279K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2730	−0.183%	$34K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2737	+0.073%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0135%	4h	0.2731	−0.146%	$270K	$94K	50x	as long as short