Settings8H · net · $10k
Funding arb · Price arb /

MET

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SwapBacktest
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
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%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MET-USDT-SWAP0.27330.0100pay 0.0050% / 4h1h 55m$1.2M$3.3M20x
ShortBitget METUSDT0.27380.0100get 0.0050% / 4h1h 55m$688K$961K25x

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

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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago3.64 bp20.9 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 50 min ago7.28 bp32.7 bp −$33130.2 bp −$1,302doesn't fitdoesn't fit

MET on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MET/USD [WBTC.b-USDC]L −0.0738% / S +0.0214%1h0.2731−0.069%$4K50xas long as short
Phoenix MET0.0000%1h0.2744+0.388%$13K$14K5xas long as short
BloFin MET-USDT+0.0046%4h0.2748+0.549%$275K$94K50xas long as short
Lighter MET+0.0096%1h0.2741+0.300%$170K$425K5xas long as short
Hyperliquid MET+0.0100%1h0.2731−0.060%$3.6M$1.9M3xas long as short
Aster METUSDT+0.0100%4h0.2735+0.058%$51K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2731−0.058%$4.6M$12.7M50xas long as short
Bybit METUSDT+0.0100%4h0.2732−0.037%$4.7M$3.2M25xas long as short
OKX MET-USDT-SWAPlong+0.0100%4h0.2733long leg$1.2M$3.3M20x
Gate MET_USDT+0.0100%4h0.2734+0.037%$171K$194K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MET_USDT+0.0100%4h0.2734+0.037%$842K$288K20xas long as short
KuCoin METUSDTM+0.0100%4h0.2736+0.110%$1.3M$2.7M50xas long as short
Bitget METUSDTshort+0.0100%4h0.2738+0.183%$688K$961K25x
Backpack MET_USDC_PERP+0.0100%1h0.2737+0.146%$308K$281K5xas long as short
ApeX Omni METUSDT+0.0100%1h0.2740+0.256%$34K$120K50xas long as short
SunX MET-USDT+0.0100%4h0.2738+0.183%$2K$1.6M20xas long as short