Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.052%
Price spread now: Backpack against KuCoin+0.033%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1951.954% of the position
Funding, last 7 days+0.593%+$59 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.033%, 7d avg +0.017%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METUSDTM | 0.2760 | 0.0100 | pay 0.0050% / 4h | 3h 24m | $1.3M | $2.7M | 50x |
| Short | Backpack MET_USDC_PERP | 0.2761 | 0.0100 | get 0.0013% / 1h | 24m 16s | $315K | $248K | 5x |
KuCoin METUSDTM
Backpack MET_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.033% → +0.017%
- $1.53
- Slippage, 4 orders
- −$173.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$193.9
- Costs to cover
- 1.954%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Backpack: 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 KuCoin live order book, 3 min ago | 5.45 bp | 81.4 bp −$81 | 459.6 bp −$4,596 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 9 min ago | 1.81 bp | 14.7 bp −$15 | 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 | 0.2764 | +0.132% | $4K | — | 50x | as long as short |
| Phoenix MET | −0.0206% | 1h | 0.2759 | −0.018% | $13K | $14K | 5x | as long as short |
| Lighter MET | +0.0096% | 1h | 0.2769 | +0.337% | $170K | $435K | 5x | as long as short |
| Hyperliquid MET | +0.0100% | 1h | 0.2763 | +0.121% | $3.6M | $1.8M | 3x | as long as short |
| Aster METUSDT | +0.0100% | 4h | 0.2764 | +0.141% | $52K | $11K | 5x | as long as short |
| Binance METUSDT | +0.0100% | 4h | 0.2764 | +0.130% | $4.6M | $12.6M | 50x | as long as short |
| Bybit METUSDT | +0.0100% | 4h | 0.2762 | +0.080% | $4.7M | $3.3M | 25x | as long as short |
| OKX MET-USDT-SWAP | +0.0100% | 4h | 0.2767 | +0.254% | $1.2M | $3.2M | 20x | as long as short |
| Gate MET_USDT | +0.0100% | 4h | 0.2759 | −0.036% | $173K | $171K | 50x | as long as short |
| MEXC MET_USDT | +0.0100% | 4h | 0.2760 | 0.000% | $839K | $290K | 20x | as long as short |
GMX MET/USD [WBTC.b-USDC]
Phoenix MET
Lighter MET
Hyperliquid MET
Aster METUSDT
Binance METUSDT
Bybit METUSDT
OKX MET-USDT-SWAP
Gate MET_USDT
MEXC MET_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin METUSDTMlong | +0.0100% | 4h | 0.2760 | long leg | $1.3M | $2.7M | 50x | |
| Bitget METUSDT | +0.0100% | 4h | 0.2765 | +0.181% | $688K | $890K | 25x | as long as short |
| Backpack MET_USDC_PERPshort | +0.0100% | 1h | 0.2761 | +0.033% | $315K | $248K | 5x | |
| ApeX Omni METUSDT | +0.0100% | 1h | 0.2756 | −0.145% | $34K | $117K | 50x | as long as short |
| SunX MET-USDT | +0.0100% | 4h | 0.2759 | −0.036% | $1K | $1.6M | 20x | as long as short |
| BloFin MET-USDT | +0.0138% | 4h | 0.2759 | −0.036% | $274K | $91K | 50x | as long as short |
Bitget METUSDT
ApeX Omni METUSDT
SunX MET-USDT
BloFin MET-USDT