Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance−0.018%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1171.173% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now −0.018%, 7d avg +0.008%

Together, before fees−0.103%−$10 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: Gate is 0.026% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2740	0.0100	pay 0.0050% / 4h	3h 51m	$4.6M	$12.6M	50x
Short	Gate MET_USDT	0.2739	0.0100	get 0.0050% / 4h	3h 51m	$172K	$167K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → +0.008%: −$2.64
Slippage, 4 orders: −$92.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$119.89
Costs to cover: 1.173%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Gate: live order book, 40 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, 4 min ago	1.83 bp	16.8 bp −$17	99.8 bp −$998	doesn't fit	doesn't fit
Sell Gate live order book, 40 min ago	7.39 bp	41.3 bp −$41	doesn't fit	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 −0.0738% / S +0.0214%	1h	0.2739	−0.007%	$4K	—	50x	as long as short
Phoenix MET	−0.0206%	1h	0.2730	−0.354%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0084%	4h	0.2728	−0.420%	$271K	$90K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2740	+0.014%	$168K	$435K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2740	+0.018%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2740	+0.030%	$51K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2740	long leg	$4.6M	$12.6M	50x
Bybit METUSDT	+0.0100%	4h	0.2737	−0.088%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2741	+0.055%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2739	−0.018%	$172K	$167K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2739	−0.018%	$842K	$288K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2739	−0.018%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2743	+0.128%	$682K	$926K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2723	−0.602%	$34K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2738	−0.055%	$2K	$1.6M	20x	as long as short
Backpack MET_USDC_PERP	+0.0352%	1h	0.2742	+0.076%	$313K	$249K	5x	as long as short