Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.125%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1771.771% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 7 days+0.150%+$15 · spread now −0.125%, 7d avg +0.031%

Together, before fees−0.051%−$5 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: KuCoin is 0.156% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2717	0.0100	pay 0.0050% / 4h	1h 27m	$4.6M	$12.7M	50x
Short	KuCoin METUSDTM	0.2714	0.0100	get 0.0050% / 4h	1h 27m	$1.3M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.125%Rate

Funding earned: $0
Price spread: −0.125% → +0.031%: −$15.59
Slippage, 4 orders: −$155.1
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$192.69
Costs to cover: 1.771%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 10 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, 13 min ago	1.84 bp	13.7 bp −$14	77.3 bp −$773	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	5.52 bp	74.9 bp −$75	295.2 bp −$2,952	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 −0.0599% / S +0.0178%	1h	0.2711	−0.251%	$4K	—	50x	as long as short
Phoenix MET	−0.0029%	1h	0.2713	−0.151%	$13K	$14K	5x	as long as short
Bybit METUSDT	+0.0002%	4h	0.2714	−0.110%	$4.7M	$3.2M	25x	as long as short
Lighter MET	+0.0096%	1h	0.2718	+0.015%	$165K	$432K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2716	−0.070%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2718	+0.034%	$51K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2717	long leg	$4.6M	$12.7M	50x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2715	−0.088%	$1.1M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2714	−0.125%	$170K	$195K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2715	−0.088%	$836K	$291K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMshort	+0.0100%	4h	0.2714	−0.125%	$1.3M	$2.7M	50x
Bitget METUSDT	+0.0100%	4h	0.2716	−0.052%	$664K	$961K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2712	−0.184%	$306K	$278K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2707	−0.383%	$34K	$120K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2716	−0.052%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0144%	4h	0.2713	−0.162%	$272K	$90K	50x	as long as short