After costs, if the gap returns to its 7d average, $10k−$65
spread now−0.015%7d average−0.072%fees + slippage, in and out−$71spread needed0.712%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MET_USDC_PERP | 0.2736 | −0.0462 | get 0.0058% / 1h | 39m 58s | $321K | $253K | 5x |
| Short | Binance METUSDT | 0.2736 | 0.0100 | get 0.0050% / 4h | 2h 39m | $4.7M | $10.6M | 50x |
Backpack MET_USDC_PERP
Binance METUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.46
- Funding while held
- $16.85
- Slippage, 4 orders
- −$51.21
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$55.82
- Spread needed to break even
- 0.712%
Slippage from Backpack: live order book, 65 min ago; Binance: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0562%
- Per $10,000 a day
- +$16.85
- Average in range /8h
- —
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 Backpack live order book, 65 min ago | 2.70 bp | 14.2 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.83 bp | 18.8 bp −$19 | 84.2 bp −$842 | doesn't fit | doesn't fit |
MET price on every exchange
against the cheapest. Click to use as the short leg.MEXC0.2735cheapest
MEXCBinance0.2736+0.037%
Bybit0.2736+0.037%BloFin0.2736+0.037%
Bybit
BloFinBackpack0.2736+0.051%
Aster0.2736+0.051%GMX0.2737+0.090%Hyperliquid0.2737+0.091%OKX0.2738+0.110%Gate0.2738+0.110%KuCoin0.2738+0.110%Bitget0.2738+0.110%SunX0.2739+0.146%Lighter0.2749+0.512%ApeX Omni0.2750+0.548%Phoenix0.2752+0.603%
Aster
GMX
Hyperliquid
OKX
Gate
KuCoin
Bitget
SunX
Lighter
ApeX Omni
PhoenixMET on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC MET_USDT | −0.051% | +0.0100% | 4h | $966K | $228K | 20x | as long as short |
| Binance METUSDTshort | −0.015% | +0.0100% | 4h | $4.7M | $10.6M | 50x | |
| Bybit METUSDT | −0.015% | −0.0186% | 4h | $4.7M | $3.0M | 25x | as long as short |
| BloFin MET-USDT | −0.015% | +0.0146% | 4h | $278K | $80K | 50x | as long as short |
| Backpack MET_USDC_PERPlong | 0.000% | −0.0462% | 1h | $321K | $253K | 5x | |
| Aster METUSDT | 0.000% | +0.0100% | 4h | $51K | $9K | 5x | as long as short |
| GMX MET/USD [WBTC.b-USDC] | +0.039% | L +0.0083% / S +0.0127% | 1h | $25K | — | 50x | as long as short |
| Hyperliquid MET | +0.040% | +0.0100% | 1h | $4.2M | $1.2M | 3x | as long as short |
| OKX MET-USDT-SWAP | +0.058% | +0.0100% | 4h | $1.2M | $3.2M | 20x | as long as short |
| Gate MET_USDT | +0.058% | +0.0100% | 4h | $190K | $243K | 50x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin METUSDTM | +0.058% | +0.0100% | 4h | $1.3M | $2.5M | 50x | as long as short |
| Bitget METUSDT | +0.058% | +0.0100% | 4h | $650K | $934K | 25x | as long as short |
| SunX MET-USDT | +0.095% | +0.0100% | 4h | $2K | $1.5M | 20x | as long as short |
| Lighter MET | +0.460% | +0.0544% | 1h | $327K | $303K | 5x | as long as short |
| ApeX Omni METUSDT | +0.497% | +0.0100% | 1h | $35K | $117K | 50x | as long as short |
| Phoenix MET | +0.552% | −0.0432% | 1h | $14K | $16K | 5x | as long as short |