Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.070%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2202.199% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 7 days+0.153%+$15 · spread now −0.070%, 7d avg 0.000%

Together, before fees+0.362%+$36 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: OKX is 0.071% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METUSDTM	0.2843	0.0100	pay 0.0050% / 4h	2h 56m	$1.3M	$2.7M	50x
Short	OKX MET-USDT-SWAP	0.2841	0.0100	get 0.0050% / 4h	2h 56m	$1.2M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → 0.000%: −$7.05
Slippage, 4 orders: −$197.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$226.98
Costs to cover: 2.199%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; OKX: live order book, 1 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, 10 min ago	7.06 bp	91.9 bp −$92	362.7 bp −$3,627	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	7.03 bp	23.6 bp −$24	127.2 bp −$1,272	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 −0.0633% / S +0.0214%	1h	0.2837	−0.200%	$4K	—	50x	as long as short
Phoenix MET	−0.0206%	1h	0.2840	−0.106%	$14K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2844	+0.032%	$175K	$432K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2844	+0.039%	$3.8M	$1.8M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2842	−0.019%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2842	−0.035%	$4.7M	$12.3M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2843	−0.014%	$4.9M	$3.2M	25x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2841	−0.070%	$1.2M	$3.3M	20x
Gate MET_USDT	+0.0100%	4h	0.2840	−0.106%	$182K	$167K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2842	−0.035%	$868K	$293K	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	0.2843	long leg	$1.3M	$2.7M	50x
Bitget METUSDT	+0.0100%	4h	0.2843	0.000%	$712K	$839K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2845	+0.084%	$327K	$241K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2831	−0.422%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2848	+0.176%	$1K	$1.5M	20x	as long as short
BloFin MET-USDT	+0.0126%	4h	0.2830	−0.457%	$280K	$94K	50x	as long as short