Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.044%

Price spread now: GMX against Gate−0.070%7-day average — · you buy dearer than you sell

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and GMX is 0.070% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MET_USDT	0.2799	0.0100	pay 0.0050% / 4h	2h 45m	$181K	$178K	50x
Short	GMX MET/USD [WBTC.b-USDC]	0.2797	L −0.1723% / S +0.0247%	pay 0.0031% / 1h	45m 32s	$9K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$72.8
Price spread: −0.070% → 0.000%: −$7.04
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$106.84
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 16 min ago; GMX: 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, 16 min ago	8.86 bp	59.3 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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]short	L −0.1723% / S +0.0247%	1h	0.2797	−0.070%	$9K	—	50x
Phoenix MET	0.0000%	1h	0.2809	+0.361%	$14K	$15K	5x	as long as short
BloFin MET-USDT	+0.0069%	4h	0.2803	+0.143%	$289K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2799	−0.004%	$229K	$306K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2798	−0.036%	$3.9M	$1.6M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2798	−0.050%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2797	−0.071%	$4.8M	$12.0M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2797	−0.071%	$4.9M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2799	0.000%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2799	long leg	$181K	$178K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2797	−0.071%	$968K	$278K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2798	−0.036%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2799	0.000%	$654K	$881K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2799	+0.018%	$318K	$277K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2804	+0.179%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2798	−0.036%	$2K	$1.6M	20x	as long as short