Funding arb · Price arb /

MET

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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: KuCoin against OKX−0.072%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$311as in the Funding arb table

Net, price: spread back to 7d avg − costs−$293as in the Price arb table

costs, in and out, $10k−$2862.863% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.072%, 7d avg −0.001%

Together, before fees−0.213%−$21 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 0.071% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MET-USDT-SWAP	0.2781	0.0100	pay 0.0050% / 4h	1h 52m	$1.2M	$3.4M	20x
Short	KuCoin METUSDTM	0.2779	0.0100	get 0.0050% / 4h	1h 52m	$1.3M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.001%: −$7.07
Slippage, 4 orders: −$264.34
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$293.4
Costs to cover: 2.863%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	7.21 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.38 bp	137.9 bp −$138	382.9 bp −$3,829	doesn't fit	doesn't fit

MET on 15 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 −0.0483% / S +0.0171%	1h	0.2779	−0.076%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2780	−0.029%	$168K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2781	−0.004%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2781	−0.015%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2780	−0.034%	$4.8M	$12.2M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2778	−0.104%	$4.8M	$3.1M	25x	as long as short
OKX MET-USDT-SWAPlong	+0.0100%	4h	0.2781	long leg	$1.2M	$3.4M	20x
Gate MET_USDT	+0.0100%	4h	0.2779	−0.072%	$180K	$174K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2780	−0.036%	$930K	$280K	20x	as long as short
KuCoin METUSDTMshort	+0.0100%	4h	0.2779	−0.072%	$1.3M	$2.6M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2780	−0.036%	$652K	$888K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2771	−0.360%	$35K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2776	−0.180%	$2K	$1.6M	20x	as long as short
Phoenix MET	+0.0173%	1h	0.2782	+0.043%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0190%	1h	0.2780	−0.022%	$316K	$254K	5x	as long as short