Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.007%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1171.166% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.077%+$8 · spread now −0.007%, 7d avg +0.058%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.065% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2848	0.0100	pay 0.0050% / 4h	3h 56m	$5.0M	$11.8M	50x
Short	Bybit METUSDT	0.2848	0.0100	get 0.0050% / 4h	3h 56m	$4.9M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.058%: −$6.46
Slippage, 4 orders: −$95.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$123.1
Costs to cover: 1.166%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 2 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, 14 min ago	3.51 bp	17.6 bp −$18	69.4 bp −$694	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.76 bp	33.0 bp −$33	181.0 bp −$1,810	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	0.2845	−0.120%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2844	−0.144%	$15K	$15K	5x	as long as short
BloFin MET-USDT	+0.0065%	4h	0.2843	−0.175%	$294K	$83K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2845	−0.098%	$4.2M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2846	−0.076%	$54K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2848	long leg	$5.0M	$11.8M	50x
Bybit METUSDTshort	+0.0100%	4h	0.2848	−0.007%	$4.9M	$3.1M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2849	+0.035%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2848	0.000%	$193K	$185K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2846	−0.070%	$1.0M	$276K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2848	0.000%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2849	+0.035%	$682K	$877K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2843	−0.175%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2847	−0.035%	$1K	$1.6M	20x	as long as short
Lighter MET	+0.0112%	1h	0.2853	+0.172%	$249K	$268K	5x	as long as short
Backpack MET_USDC_PERP	+0.0284%	1h	0.2847	−0.042%	$331K	$262K	5x	as long as short