Funding arb · Price arb /

MET

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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: Bitget against KuCoin+0.037%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1871.869% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.037%, 7d avg +0.012%

Together, before fees+0.200%+$20 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: Bitget is 0.025% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METUSDTM	0.2718	0.0100	pay 0.0050% / 4h	52m 21s	$1.3M	$2.7M	50x
Short	Bitget METUSDT	0.2719	0.0100	get 0.0050% / 4h	52m 21s	$676K	$971K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.012%: $2.48
Slippage, 4 orders: −$162.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$184.39
Costs to cover: 1.869%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 49 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, 5 min ago	5.54 bp	63.0 bp −$63	287.6 bp −$2,876	doesn't fit	doesn't fit
Sell Bitget live order book, 49 min ago	5.50 bp	28.2 bp −$28	98.6 bp −$986	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	0.2719	+0.037%	$4K	—	50x	as long as short
Phoenix MET	−0.0059%	1h	0.2704	−0.515%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2720	+0.081%	$165K	$436K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2721	+0.118%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2720	+0.092%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2720	+0.079%	$4.6M	$12.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2717	−0.037%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2719	+0.037%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2715	−0.110%	$170K	$190K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2719	+0.037%	$808K	$285K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMlong	+0.0100%	4h	0.2718	long leg	$1.3M	$2.7M	50x
Bitget METUSDTshort	+0.0100%	4h	0.2719	+0.037%	$676K	$971K	25x
Backpack MET_USDC_PERP	+0.0100%	1h	0.2712	−0.202%	$314K	$281K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2702	−0.589%	$33K	$120K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2720	+0.074%	$2K	$1.7M	20x	as long as short
BloFin MET-USDT	+0.0132%	4h	0.2713	−0.184%	$271K	$89K	50x	as long as short