data as of
Settings8H · net · $10k
Funding arb /

MET

all MET markets
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Funding spread now, next payment 18:00 UTC+0.0306%/8h
paid, last 24h+0.187%paid, last 5 days+1.062%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix MET0.2747−0.0206get 0.0026% / 1h42m 01s$14K$17K5x
ShortBitget METUSDT0.27470.0100get 0.0050% / 4h1h 42m$649K$862K25x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$64.18
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
$45.18
Break-even
2.1 days
Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 50 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.011%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell Bitget live order book, 50 min ago9.12 bp30.6 bp −$3182.4 bp −$824doesn't fitdoesn't fit
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MET on 16 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix METlong−0.0206%1h$14K$17K5x
Bybit METUSDT−0.0053%4h$4.7M$2.8M25xas long as short
Lighter MET+0.0096%1h$254K$328K5xas long as short
GMX MET/USD [WBTC.b-USDC]L +0.0100% / S +0.0090%1h$25K50xas long as short
Hyperliquid MET+0.0100%1h$4.2M$1.2M3xas long as short
Aster METUSDT+0.0100%4h$51K$9K5xas long as short
Binance METUSDT+0.0100%4h$4.7M$10.7M50xas long as short
OKX MET-USDT-SWAP+0.0100%4h$1.2M$3.2M20xas long as short
Gate MET_USDT+0.0100%4h$190K$213K50xas long as short
MEXC MET_USDT+0.0100%4h$892K$236K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin METUSDTM+0.0100%4h$1.3M$2.5M50xas long as short
Bitget METUSDTshort+0.0100%4h$649K$862K25x
Backpack MET_USDC_PERP+0.0100%1h$320K$241K5xas long as short
ApeX Omni METUSDT+0.0100%1h$35K$118K50xas long as short
SunX MET-USDT+0.0100%4h$2K$1.6M20xas long as short
BloFin MET-USDT+0.0147%4h$278K$86K50xas long as short