After costs, if the gap returns to its 7d average, $10k−$112
spread now−0.058%7d average−0.022%fees + slippage, in and out−$108spread needed1.080%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MET_USDC_PERP | 0.2759 | 0.0328 | pay 0.0041% / 1h | 6m 57s | $319K | $250K | 5x |
| Short | Bybit METUSDT | 0.2757 | 0.0100 | get 0.0050% / 4h | 1h 06m | $4.7M | $2.7M | 25x |
Backpack MET_USDC_PERP
Bybit 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
- −$5.8
- Funding while held
- −$6.83
- Slippage, 4 orders
- −$87.03
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$120.65
- Spread needed to break even
- 1.080%
Slippage from Backpack: live order book, 48 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0228%
- Per $10,000 a day
- −$6.83
- 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, 48 min ago | 2.58 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.63 bp | 35.6 bp −$36 | 186.5 bp −$1,865 | doesn't fit | doesn't fit |
MET price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.2747cheapestOKX0.2756+0.328%MEXC0.2757+0.364%
ApeX Omni
OKX
MEXCBybit0.2757+0.371%
GMX0.2757+0.372%Aster0.2758+0.398%Binance0.2758+0.400%Gate0.2758+0.400%KuCoin0.2758+0.400%SunX0.2758+0.400%BloFin0.2758+0.400%Phoenix0.2758+0.415%
GMX
Aster
Binance
Gate
KuCoin
SunX
BloFin
PhoenixBackpack0.2759+0.430%
Hyperliquid0.2759+0.437%Bitget0.2759+0.437%Lighter0.2771+0.885%
Hyperliquid
Bitget
LighterMET on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni METUSDT | −0.428% | +0.0100% | 1h | $37K | $107K | 50x | as long as short |
| OKX MET-USDT-SWAP | −0.101% | +0.0100% | 4h | $1.1M | $2.8M | 20x | as long as short |
| MEXC MET_USDT | −0.065% | +0.0100% | 4h | $983K | $218K | 20x | as long as short |
| Bybit METUSDTshort | −0.058% | +0.0100% | 4h | $4.7M | $2.7M | 25x | |
| GMX MET/USD [WBTC.b-USDC] | −0.057% | L −0.2158% / S +0.0243% | 1h | $13K | — | 50x | as long as short |
| Aster METUSDT | −0.032% | +0.0100% | 4h | $51K | $4K | 5x | as long as short |
| Binance METUSDT | −0.029% | +0.0100% | 4h | $4.5M | $9.1M | 50x | as long as short |
| Gate MET_USDT | −0.029% | +0.0100% | 4h | $187K | $234K | 50x | as long as short |
| KuCoin METUSDTM | −0.029% | +0.0100% | 4h | $1.3M | $2.5M | 50x | as long as short |
| SunX MET-USDT | −0.029% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MET-USDT | −0.029% | +0.0152% | 4h | $270K | $76K | 50x | as long as short |
| Phoenix MET | −0.014% | −0.0619% | 1h | $14K | $14K | 5x | as long as short |
| Backpack MET_USDC_PERPlong | 0.000% | +0.0328% | 1h | $319K | $250K | 5x | |
| Hyperliquid MET | +0.007% | +0.0100% | 1h | $4.1M | $1.0M | 3x | as long as short |
| Bitget METUSDT | +0.007% | +0.0100% | 4h | $653K | $831K | 25x | as long as short |
| Lighter MET | +0.453% | +0.0496% | 1h | $282K | $247K | 5x | as long as short |