MET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against Binance−0.070%81s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$750.747% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.473%+$47 · spread now −0.070%, 7d avg +0.029%

Together, before fees+0.487%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.099% cheaper against Binance than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of +0.029%). If the spread goes back, that is −$10 on $10k: about 22 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.014% in total) that is about 50 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2854	0.0100	pay 0.0050% / 4h	3h 29m	$5.0M	$11.8M	50x
Short	BloFin MET-USDT	0.2852	0.0115	get 0.0058% / 4h	3h 29m	$294K	$88K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.070%Rate

Funding earned: $3.21
Price spread: −0.070% → +0.029%: −$9.93
Slippage, 4 orders: −$52.68
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$81.4
Costs to cover: 0.747%
Break-even: 184.5 days

Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 37 min ago.

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 Binance live order book, 10 min ago	1.75 bp	17.6 bp −$18	67.8 bp −$678	doesn't fit	doesn't fit
Sell BloFin live order book, 37 min ago	1.76 bp	17.8 bp −$18	53.5 bp −$535	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	0.2851	−0.093%	$10K	—	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2855	+0.035%	$4.2M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2854	+0.016%	$54K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2854	long leg	$5.0M	$11.8M	50x
Bybit METUSDT	+0.0100%	4h	0.2852	−0.070%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2854	0.000%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2852	−0.070%	$193K	$185K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2853	−0.035%	$1.0M	$279K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2854	0.000%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2855	+0.035%	$684K	$871K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni METUSDT	+0.0100%	1h	0.2847	−0.245%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2852	−0.070%	$2K	$1.6M	20x	as long as short
BloFin MET-USDTshort	+0.0115%	4h	0.2852	−0.070%	$294K	$88K	50x
Phoenix MET	+0.0197%	1h	0.2853	−0.028%	$15K	$15K	5x	as long as short
Lighter MET	+0.0488%	1h	0.2859	+0.193%	$257K	$278K	5x	as long as short
Backpack MET_USDC_PERP	+0.0679%	1h	0.2855	+0.035%	$333K	$264K	5x	as long as short