Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Hyperliquid−0.174%7-day average −0.016% · you buy dearer than you sell

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

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)+1.947%+$195 · spread now −0.174%, 7d avg −0.016%

Together, before fees+2.031%+ Points / potential airdropHyperliquid: Season 2 · farm board+$203 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: SunX is 0.158% cheaper against Hyperliquid than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MET	0.2758	0.0100	pay 0.0013% / 1h	44m 53s	$3.6M	$1.9M	3x
Short	SunX MET-USDT	0.2753	0.0100	get 0.0050% / 4h	3h 44m	$1K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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 HyperliquidbpFee SunXbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.016%: −$15.77
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.77
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; SunX: live order book, 10 min ago. 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 Hyperliquid live order book, 7 min ago	1.28 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	502.57 bp	doesn't fit	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 −0.0738% / S +0.0214%	1h	0.2754	−0.150%	$4K	—	50x	as long as short
Phoenix MET	−0.0206%	1h	0.2739	−0.682%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2758	+0.007%	$169K	$435K	5x	as long as short
BloFin MET-USDT	+0.0100%	4h	0.2750	−0.283%	$270K	$91K	50x	as long as short
Hyperliquid METlong	+0.0100%	1h	0.2758	long leg	$3.6M	$1.9M	3x
Aster METUSDT	+0.0100%	4h	0.2757	−0.024%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2755	−0.084%	$4.6M	$12.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2756	−0.065%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2758	+0.007%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2755	−0.102%	$174K	$168K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2755	−0.102%	$846K	$288K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2756	−0.065%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2759	+0.044%	$686K	$930K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2750	−0.283%	$34K	$117K	50x	as long as short
SunX MET-USDTshort	+0.0100%	4h	0.2753	−0.174%	$1K	$1.6M	20x
Backpack MET_USDC_PERP	+0.0349%	1h	0.2758	−0.007%	$315K	$249K	5x	as long as short