Funding arb · Price arb /

MET

all MET markets

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: Binance against Gate+0.058%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1171.173% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.058%, 7d avg −0.008%

Together, before fees+0.062%+$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 0.065% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MET_USDT	0.2711	0.0100	pay 0.0050% / 4h	1h 30m	$169K	$195K	50x
Short	Binance METUSDT	0.2713	0.0100	get 0.0050% / 4h	1h 30m	$4.6M	$12.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.008%: $6.54
Slippage, 4 orders: −$92.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$110.78
Costs to cover: 1.173%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Binance: live order book, 9 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 Gate live order book, 5 min ago	7.36 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.84 bp	19.6 bp −$20	76.3 bp −$763	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 −0.0599% / S +0.0178%	1h	0.2713	+0.083%	$4K	—	50x	as long as short
Bybit METUSDT	−0.0039%	4h	0.2712	+0.033%	$4.7M	$3.2M	25x	as long as short
Phoenix MET	−0.0029%	1h	0.2715	+0.136%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2714	+0.122%	$165K	$432K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2712	+0.041%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2713	+0.074%	$51K	$11K	5x	as long as short
Binance METUSDTshort	+0.0100%	4h	0.2713	+0.058%	$4.6M	$12.7M	50x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2714	+0.111%	$1.1M	$3.3M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2711	long leg	$169K	$195K	50x
MEXC MET_USDT	+0.0100%	4h	0.2712	+0.037%	$835K	$291K	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	0.2712	+0.037%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2712	+0.037%	$663K	$961K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2715	+0.136%	$307K	$278K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2707	−0.148%	$34K	$120K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2711	0.000%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0131%	4h	0.2712	+0.037%	$272K	$90K	50x	as long as short