Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Aster−0.228%7-day average — · you buy dearer than you sell

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

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.228% cheaper against Aster than usual: you would sell low and buy high, −$23 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METUSDT	0.2727	0.0100	pay 0.0050% / 4h	2h 33m	$51K	$11K	5x
Short	MEXC MET_USDT	0.2721	0.0100	get 0.0050% / 4h	2h 33m	$911K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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 AsterbpFee MEXCbpOrdersPrice spread, now −0.228%Rate

Funding earned: $0
Price spread: −0.228% → 0.000%: −$22.76
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$34.76
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; MEXC: live order book, 17 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 Aster no order-book sample	—	—	—	—	—
Sell MEXC live order book, 17 min ago	1.82 bp	9.4 bp −$9	37.6 bp −$376	233.8 bp −$23.4K	797.4 bp −$398.7K

Aster: 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: 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 −0.0713% / S +0.0208%	1h	0.2725	−0.070%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2722	−0.195%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0072%	4h	0.2735	+0.286%	$278K	$93K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2722	−0.198%	$166K	$424K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2721	−0.235%	$3.6M	$1.9M	3x	as long as short
Aster METUSDTlong	+0.0100%	4h	0.2727	long leg	$51K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2721	−0.220%	$4.6M	$12.4M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2722	−0.173%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2723	−0.154%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2722	−0.191%	$179K	$186K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDTshort	+0.0100%	4h	0.2721	−0.228%	$911K	$279K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2723	−0.154%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2725	−0.081%	$672K	$949K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2726	−0.052%	$309K	$279K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2722	−0.191%	$34K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2725	−0.081%	$2K	$1.6M	20x	as long as short