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: Bitget against SunX+0.281%50s7-day average +0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)−0.611%−$61 · spread now +0.281%, 7d avg +0.007%

Together, before fees−0.667%−$67 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 0.274% dearer against SunX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MET-USDT	0.2844	0.0100	pay 0.0050% / 4h	3h 07m	$1K	$1.6M	20x
Short	Bitget METUSDT	0.2852	0.0100	get 0.0050% / 4h	3h 07m	$683K	$867K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.281%Rate

Funding earned: $0
Price spread: +0.281% → +0.007%: $27.38
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $7.38
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 8 min ago; Bitget: live order book, 63 min ago. Net counts fees only.

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 SunX live order book, 8 min ago	500.44 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 63 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	0.2844	−0.012%	$10K	—	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2849	+0.193%	$4.0M	$1.6M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2846	+0.053%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2851	+0.246%	$5.0M	$11.9M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2849	+0.183%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2853	+0.316%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2847	+0.105%	$193K	$186K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2850	+0.211%	$992K	$284K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2851	+0.246%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDTshort	+0.0100%	4h	0.2852	+0.281%	$683K	$867K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni METUSDT	+0.0100%	1h	0.2844	0.000%	$36K	$117K	50x	as long as short
SunX MET-USDTlong	+0.0100%	4h	0.2844	long leg	$1K	$1.6M	20x
BloFin MET-USDT	+0.0117%	4h	0.2847	+0.105%	$293K	$87K	50x	as long as short
Phoenix MET	+0.0197%	1h	0.2848	+0.141%	$15K	$15K	5x	as long as short
Lighter MET	+0.0264%	1h	0.2852	+0.264%	$255K	$280K	5x	as long as short
Backpack MET_USDC_PERP	+0.0568%	1h	0.2846	+0.084%	$331K	$264K	5x	as long as short