Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX+0.035%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1011.012% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.035%, 7d avg +0.013%

Together, before fees+0.027%+$3 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 0.022% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MET-USDT-SWAP	0.2851	0.0100	pay 0.0050% / 4h	3h 55m	$1.3M	$3.4M	20x
Short	Bitget METUSDT	0.2852	0.0100	get 0.0050% / 4h	3h 55m	$683K	$877K	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 +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.013%: $2.22
Slippage, 4 orders: −$79.18
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$98.96
Costs to cover: 1.012%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 16 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	5.26 bp	28.4 bp −$28	133.3 bp −$1,333	doesn't fit	doesn't fit
Sell Bitget live order book, 16 min ago	8.75 bp	29.1 bp −$29	97.1 bp −$971	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 −0.1723% / S +0.0247%	1h	0.2849	−0.078%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2844	−0.249%	$15K	$15K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2851	−0.018%	$4.2M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2851	+0.016%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2850	−0.035%	$5.0M	$11.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2851	−0.011%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAPlong	+0.0100%	4h	0.2851	long leg	$1.3M	$3.4M	20x
Gate MET_USDT	+0.0100%	4h	0.2849	−0.070%	$193K	$185K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2849	−0.070%	$1.0M	$276K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2851	0.000%	$1.3M	$2.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDTshort	+0.0100%	4h	0.2852	+0.035%	$683K	$877K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2841	−0.351%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2849	−0.070%	$2K	$1.6M	20x	as long as short
Lighter MET	+0.0104%	1h	0.2855	+0.140%	$249K	$268K	5x	as long as short
BloFin MET-USDT	+0.0144%	4h	0.2849	−0.070%	$294K	$83K	50x	as long as short
Backpack MET_USDC_PERP	+0.0496%	1h	0.2853	+0.053%	$332K	$262K	5x	as long as short