Settings8H · net · $10k
Funding arb · Price arb /

MET

all MET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Gate+0.036%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1241.245% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.084%−$8 on $10k
Price spread, last 4 days (all we have)+0.442%+$44 · spread now +0.036%, 7d avg +0.055%
Together, before fees+0.359%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MET_USDT0.27600.0100pay 0.0050% / 4h3h 07m$179K$174K50x
ShortHyperliquid MET0.27610.0100get 0.0013% / 1h7m 55s$3.7M$1.7M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.036% → +0.055%
−$1.89
Slippage, 4 orders
−$100.49
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$126.38
Costs to cover
1.245%
Break-even
never at this rate
Slippage from Gate: live order book, 38 min ago; Hyperliquid: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 38 min ago7.16 bp41.4 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago0.72 bp21.6 bp −$22doesn't fitdoesn't fitdoesn't fit

MET on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MET/USD [WBTC.b-USDC]L −0.0587% / S +0.0175%1h0.2761+0.038%$4K50xas long as short
Phoenix MET−0.0029%1h0.2770+0.362%$13K$15K5xas long as short
BloFin MET-USDT+0.0080%4h0.2772+0.435%$283K$88K50xas long as short
Lighter MET+0.0096%1h0.2762+0.072%$168K$424K5xas long as short
Hyperliquid METshort+0.0100%1h0.2761+0.036%$3.7M$1.7M3x
Aster METUSDT+0.0100%4h0.2761+0.043%$52K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2761+0.036%$4.7M$12.1M50xas long as short
Bybit METUSDT+0.0100%4h0.2759−0.025%$4.8M$3.1M25xas long as short
OKX MET-USDT-SWAP+0.0100%4h0.2764+0.145%$1.2M$3.2M20xas long as short
Gate MET_USDTlong+0.0100%4h0.2760long leg$179K$174K50x
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MET_USDT+0.0100%4h0.2759−0.036%$922K$282K20xas long as short
KuCoin METUSDTM+0.0100%4h0.2762+0.072%$1.3M$2.6M50xas long as short
Bitget METUSDT+0.0100%4h0.2762+0.072%$658K$865K25xas long as short
Backpack MET_USDC_PERP+0.0100%1h0.2763+0.112%$312K$272K5xas long as short
ApeX Omni METUSDT+0.0100%1h0.2768+0.290%$35K$119K50xas long as short
SunX MET-USDT+0.0100%4h0.2761+0.036%$2K$1.6M20xas long as short