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: Bitget against OKX+0.183%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1041.036% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.199%−$20 · spread now +0.183%, 7d avg +0.010%

Together, before fees−0.219%−$22 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 0.173% dearer against OKX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MET-USDT-SWAP	0.2733	0.0100	pay 0.0050% / 4h	1h 55m	$1.2M	$3.3M	20x
Short	Bitget METUSDT	0.2738	0.0100	get 0.0050% / 4h	1h 55m	$688K	$961K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.183%Rate

Funding earned: $0
Price spread: +0.183% → +0.010%: $17.27
Slippage, 4 orders: −$81.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$86.31
Costs to cover: 1.036%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 50 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 OKX live order book, 2 min ago	3.64 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 50 min ago	7.28 bp	32.7 bp −$33	130.2 bp −$1,302	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	0.2731	−0.069%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2744	+0.388%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0046%	4h	0.2748	+0.549%	$275K	$94K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2741	+0.300%	$170K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2731	−0.060%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2735	+0.058%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2731	−0.058%	$4.6M	$12.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2732	−0.037%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAPlong	+0.0100%	4h	0.2733	long leg	$1.2M	$3.3M	20x
Gate MET_USDT	+0.0100%	4h	0.2734	+0.037%	$171K	$194K	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_USDT	+0.0100%	4h	0.2734	+0.037%	$842K	$288K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2736	+0.110%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDTshort	+0.0100%	4h	0.2738	+0.183%	$688K	$961K	25x
Backpack MET_USDC_PERP	+0.0100%	1h	0.2737	+0.146%	$308K	$281K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2740	+0.256%	$34K	$120K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2738	+0.183%	$2K	$1.6M	20x	as long as short