data as of
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Price arb /

MET

all MET markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$79
spread now−0.025%7d average−0.012%fees + slippage, in and out−$78spread needed0.781%
Long on BackpackShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack MET_USDC_PERP0.27480.0100pay 0.0013% / 1h18m 21s$318K$259K5x
ShortHyperliquid MET0.27470.0100get 0.0013% / 1h18m 21s$4.1M$1.1M3x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.55
Funding while held
$0
Slippage, 4 orders
−$59.06
Fee Backpack: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$80.61
Spread needed to break even
0.781%
Slippage from Backpack: live order book, 32 min ago; Hyperliquid: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 32 min ago0.18 bp12.4 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago3.64 bp17.3 bp −$17doesn't fitdoesn't fitdoesn't fit

MET price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni0.2738cheapestBinance0.2741+0.110%GMX0.2741+0.121%OKX0.2744+0.219%Gate0.2746+0.292%MEXC0.2746+0.292%
Hyperliquid0.2747+0.329%
Bybit0.2747+0.329%KuCoin0.2747+0.329%Bitget0.2747+0.329%
Backpack0.2748+0.354%
Phoenix0.2748+0.383%Aster0.2749+0.416%SunX0.2750+0.438%BloFin0.2750+0.438%Lighter0.2755+0.621%

MET on 16 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni METUSDT−0.353%+0.0100%1h$35K$119K50xas long as short
Binance METUSDT−0.244%+0.0100%4h$4.6M$10.2M50xas long as short
GMX MET/USD [WBTC.b-USDC]−0.232%L −0.1598% / S +0.0234%1h$9K—50xas long as short
OKX MET-USDT-SWAP−0.135%+0.0100%4h$1.1M$3.0M20xas long as short
Gate MET_USDT−0.062%+0.0100%4h$188K$245K50xas long as short
MEXC MET_USDT−0.062%+0.0100%4h$939K$227K20xas long as short
Hyperliquid METshort−0.025%+0.0100%1h$4.1M$1.1M3x
Bybit METUSDT−0.025%+0.0100%4h$4.7M$3.0M25xas long as short
KuCoin METUSDTM−0.025%+0.0100%4h$1.3M$2.5M50xas long as short
Bitget METUSDT−0.025%+0.0100%4h$639K$923K25xas long as short
Show all 16 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack MET_USDC_PERPlong0.000%+0.0100%1h$318K$259K5x
Phoenix MET+0.029%−0.0673%1h$14K$15K5xas long as short
Aster METUSDT+0.062%+0.0100%4h$51K$9K5xas long as short
SunX MET-USDT+0.084%+0.0100%4h$2K$1.5M20xas long as short
BloFin MET-USDT+0.084%+0.0125%4h$282K$80K50xas long as short
Lighter MET+0.266%+0.0144%1h$282K$260K5xas long as short