Funding arb · Price arb /

MET

all MET markets

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: KuCoin against MEXC+0.111%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1841.845% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 7 days−0.111%−$11 · spread now +0.111%, 7d avg +0.032%

Together, before fees−0.312%−$31 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: KuCoin is 0.079% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MET_USDT	0.2702	0.0100	pay 0.0050% / 4h	34m 31s	$803K	$286K	20x
Short	KuCoin METUSDTM	0.2705	0.0100	get 0.0050% / 4h	34m 31s	$1.3M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.032%: $7.94
Slippage, 4 orders: −$168.49
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$176.55
Costs to cover: 1.845%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; KuCoin: live order book, 2 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 MEXC live order book, 6 min ago	3.69 bp	8.7 bp −$9	33.4 bp −$334	197.1 bp −$19.7K	758.1 bp −$379.0K
Sell KuCoin live order book, 2 min ago	5.54 bp	86.6 bp −$87	530.9 bp −$5,309	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	0.2703	+0.052%	$4K	—	50x	as long as short
Phoenix MET	−0.0059%	1h	0.2706	+0.155%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0073%	4h	0.2703	+0.037%	$269K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2713	+0.396%	$164K	$436K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2703	+0.037%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2704	+0.056%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2704	+0.074%	$4.5M	$12.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2703	+0.037%	$4.6M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2705	+0.111%	$1.1M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2704	+0.074%	$170K	$190K	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_USDTlong	+0.0100%	4h	0.2702	long leg	$803K	$286K	20x
KuCoin METUSDTMshort	+0.0100%	4h	0.2705	+0.111%	$1.3M	$2.7M	50x
Bitget METUSDT	+0.0100%	4h	0.2705	+0.111%	$671K	$963K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2706	+0.141%	$309K	$285K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2703	+0.037%	$33K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2703	+0.037%	$1K	$1.6M	20x	as long as short