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: SunX against MEXC0.000%7-day average +0.028% · you sell dearer than you buy

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.375%+$38 · spread now 0.000%, 7d avg +0.028%

Together, before fees+0.443%+$44 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 0.028% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MET_USDT	0.2714	0.0100	pay 0.0050% / 4h	57m 46s	$840K	$281K	20x
Short	SunX MET-USDT	0.2714	0.0100	get 0.0050% / 4h	57m 46s	$1K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.028%: −$2.78
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.78
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 48 min ago; SunX: live order book, 7 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 MEXC live order book, 48 min ago	1.84 bp	6.9 bp −$7	27.1 bp −$271	181.7 bp −$18.2K	609.6 bp −$304.8K
Sell SunX live order book, 7 min ago	500.64 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 −0.0599% / S +0.0178%	1h	0.2715	+0.024%	$4K	—	50x	as long as short
Backpack MET_USDC_PERP	−0.0143%	1h	0.2718	+0.147%	$307K	$275K	5x	as long as short
Phoenix MET	−0.0029%	1h	0.2715	+0.052%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0089%	4h	0.2716	+0.074%	$271K	$90K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2722	+0.298%	$165K	$436K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2714	−0.012%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2715	+0.034%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2714	+0.010%	$4.6M	$12.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2716	+0.074%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2715	+0.037%	$1.1M	$3.3M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MET_USDT	+0.0100%	4h	0.2715	+0.037%	$170K	$190K	50x	as long as short
MEXC MET_USDTlong	+0.0100%	4h	0.2714	long leg	$840K	$281K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2715	+0.037%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2717	+0.111%	$671K	$961K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2700	−0.516%	$33K	$120K	50x	as long as short
SunX MET-USDTshort	+0.0100%	4h	0.2714	0.000%	$1K	$1.7M	20x