Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against SunX+0.035%7-day average +0.004% · you sell dearer than you buy

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 3 days (all we have)−0.484%−$48 · spread now +0.035%, 7d avg +0.004%

Together, before fees−0.770%−$77 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 0.031% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MET-USDT	0.2872	0.0100	pay 0.0050% / 4h	40m 35s	$2K	$1.6M	20x
Short	KuCoin METUSDTM	0.2873	0.0100	get 0.0050% / 4h	40m 35s	$1.3M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.004%: $3.12
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.88
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; KuCoin: live order book, 1 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, 4 min ago	501.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	5.22 bp	125.6 bp −$126	365.8 bp −$3,658	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	0.2876	+0.146%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2900	+0.982%	$14K	$13K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2876	+0.143%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2873	+0.030%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2873	+0.049%	$5.1M	$11.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2872	+0.003%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2874	+0.070%	$1.3M	$3.5M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2873	+0.035%	$194K	$189K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2874	+0.070%	$1.0M	$277K	20x	as long as short
KuCoin METUSDTMshort	+0.0100%	4h	0.2873	+0.035%	$1.3M	$2.5M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2874	+0.070%	$689K	$865K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2888	+0.557%	$40K	$113K	50x	as long as short
SunX MET-USDTlong	+0.0100%	4h	0.2872	long leg	$2K	$1.6M	20x
BloFin MET-USDT	+0.0122%	4h	0.2874	+0.070%	$298K	$84K	50x	as long as short
Lighter MET	+0.0200%	1h	0.2880	+0.279%	$264K	$250K	5x	as long as short
Backpack MET_USDC_PERP	+0.0985%	1h	0.2877	+0.171%	$334K	$258K	5x	as long as short