After costs, if the gap returns to its 7d average, $10k−$94
spread now−0.011%7d average+0.023%fees + slippage, in and out−$91spread needed0.910%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget METUSDT | 0.2740 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $650K | $934K | 25x |
| Short | Backpack MET_USDC_PERP | 0.2740 | −0.0420 | pay 0.0053% / 1h | 41m 25s | $321K | $253K | 5x |
Bitget METUSDT
Backpack MET_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.09
- Funding while held
- −$15.6
- Slippage, 4 orders
- −$68.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$107.68
- Spread needed to break even
- 0.910%
Slippage from Bitget: live order book, 59 min ago; Backpack: live order book, 63 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0520%
- Per $10,000 a day
- −$15.60
- 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 Bitget live order book, 59 min ago | 9.00 bp | 28.6 bp −$29 | 121.4 bp −$1,214 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 63 min ago | 2.70 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
MET price on every exchange
against the cheapest. Click to use as the short leg.Gate0.2736cheapestBinance0.2738+0.074%GMX0.2738+0.088%Aster0.2739+0.107%Bybit0.2739+0.110%MEXC0.2739+0.110%
Gate
Binance
GMX
Aster
Bybit
MEXCBackpack0.2740+0.135%
OKX0.2740+0.146%KuCoin0.2740+0.146%
OKX
KuCoinBitget0.2740+0.146%
SunX0.2741+0.183%Hyperliquid0.2741+0.186%BloFin0.2749+0.475%ApeX Omni0.2750+0.512%Lighter0.2751+0.534%Phoenix0.2752+0.567%
SunX
Hyperliquid
BloFin
ApeX Omni
Lighter
PhoenixMET on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MET_USDT | −0.146% | +0.0100% | 4h | $190K | $243K | 50x | as long as short |
| Binance METUSDT | −0.072% | +0.0100% | 4h | $4.7M | $10.6M | 50x | as long as short |
| GMX MET/USD [WBTC.b-USDC] | −0.058% | L +0.0083% / S +0.0127% | 1h | $25K | — | 50x | as long as short |
| Aster METUSDT | −0.039% | +0.0100% | 4h | $51K | $9K | 5x | as long as short |
| Bybit METUSDT | −0.036% | −0.0216% | 4h | $4.7M | $3.0M | 25x | as long as short |
| MEXC MET_USDT | −0.036% | +0.0100% | 4h | $968K | $228K | 20x | as long as short |
| Backpack MET_USDC_PERPshort | −0.011% | −0.0420% | 1h | $321K | $253K | 5x | |
| OKX MET-USDT-SWAP | 0.000% | +0.0100% | 4h | $1.2M | $3.2M | 20x | as long as short |
| KuCoin METUSDTM | 0.000% | +0.0100% | 4h | $1.3M | $2.5M | 50x | as long as short |
| Bitget METUSDTlong | 0.000% | +0.0100% | 4h | $650K | $934K | 25x |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX MET-USDT | +0.036% | +0.0100% | 4h | $2K | $1.5M | 20x | as long as short |
| Hyperliquid MET | +0.040% | +0.0100% | 1h | $4.2M | $1.2M | 3x | as long as short |
| BloFin MET-USDT | +0.328% | +0.0069% | 4h | $280K | $81K | 50x | as long as short |
| ApeX Omni METUSDT | +0.365% | +0.0100% | 1h | $35K | $117K | 50x | as long as short |
| Lighter MET | +0.387% | +0.0536% | 1h | $327K | $303K | 5x | as long as short |
| Phoenix MET | +0.420% | −0.0432% | 1h | $14K | $16K | 5x | as long as short |