MET

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.054%

7d average—if it closes, per $10,000$5funding while held, a day−$9.17

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METUSDT	0.2741	0.0100	pay 0.0050% / 4h	1h 32m	$4.7M	$10.7M	50x
Short	Phoenix MET	0.2740	−0.0206	pay 0.0026% / 1h	32m 28s	$13K	$17K	5x

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 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BinancebpFee PhoenixbpOrdersClose when spread is

Spread captured: −$5.41
Funding while held: −$9.17
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$31.58
Spread needed to break even: 0.170%

Slippage unknown: Binance: live order book, 9 min ago; Phoenix: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0306%
Per $10,000 a day: −$9.17
Average in range /8h: —

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, 9 min ago	1.82 bp	19.9 bp −$20	113.5 bp −$1,135	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MET price on every exchange

against the cheapest. Click to use as the short leg.

ApeX Omni0.2739cheapest Aster0.2740+0.026%

Phoenix0.2740+0.033%

Gate0.2740+0.037%Bybit0.2741+0.066%MEXC0.2741+0.073%

Binance0.2741+0.087%

Backpack0.2742+0.091%SunX0.2742+0.110%KuCoin0.2743+0.146%Bitget0.2743+0.146%OKX0.2744+0.183%GMX0.2744+0.197%Hyperliquid0.2745+0.212%BloFin0.2745+0.219%Lighter0.2745+0.230%

MET on 16 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni METUSDT	−0.087%	+0.0100%	1h	$35K	$118K	50x	as long as short
Aster METUSDT	−0.060%	+0.0100%	4h	$51K	$9K	5x	as long as short
Phoenix METshort	−0.054%	−0.0206%	1h	$13K	$17K	5x
Gate MET_USDT	−0.050%	+0.0100%	4h	$190K	$213K	50x	as long as short
Bybit METUSDT	−0.021%	−0.0010%	4h	$4.7M	$2.8M	25x	as long as short
MEXC MET_USDT	−0.014%	+0.0100%	4h	$889K	$237K	20x	as long as short
Binance METUSDTlong	0.000%	+0.0100%	4h	$4.7M	$10.7M	50x
Backpack MET_USDC_PERP	+0.004%	+0.0100%	1h	$321K	$242K	5x	as long as short
SunX MET-USDT	+0.023%	+0.0100%	4h	$2K	$1.6M	20x	as long as short
KuCoin METUSDTM	+0.059%	+0.0100%	4h	$1.3M	$2.5M	50x	as long as short

Show all 16 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget METUSDT	+0.059%	+0.0100%	4h	$648K	$861K	25x	as long as short
OKX MET-USDT-SWAP	+0.095%	+0.0100%	4h	$1.2M	$3.3M	20x	as long as short
GMX MET/USD [WBTC.b-USDC]	+0.110%	L +0.0103% / S +0.0084%	1h	$25K	—	50x	as long as short
Hyperliquid MET	+0.125%	+0.0100%	1h	$4.1M	$1.2M	3x	as long as short
BloFin MET-USDT	+0.132%	+0.0157%	4h	$281K	$86K	50x	as long as short
Lighter MET	+0.143%	+0.0096%	1h	$253K	$328K	5x	as long as short