Funding arb · Price arb /

MET

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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: KuCoin against Bitget−0.072%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$275as in the Price arb table

costs, in and out, $10k−$2702.696% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.229%−$23 on $10k

Price spread, last 7 days−0.032%−$3 · spread now −0.072%, 7d avg −0.015%

Together, before fees−0.261%−$26 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 0.057% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METUSDT	0.2786	0.0100	pay 0.0050% / 4h	1h 07m	$652K	$878K	25x
Short	KuCoin METUSDTM	0.2784	0.0100	get 0.0050% / 4h	1h 07m	$1.3M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.015%: −$5.71
Slippage, 4 orders: −$245.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$275.34
Costs to cover: 2.696%
Break-even: never at this rate

Slippage from Bitget: live order book, 53 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 Bitget live order book, 53 min ago	7.19 bp	26.5 bp −$27	123.2 bp −$1,232	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	5.36 bp	114.4 bp −$114	428.4 bp −$4,284	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 +0.0206%	1h	0.2782	−0.141%	$4K	—	50x	as long as short
Bybit METUSDT	+0.0034%	4h	0.2783	−0.111%	$4.8M	$3.2M	25x	as long as short
BloFin MET-USDT	+0.0059%	4h	0.2788	+0.072%	$285K	$90K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2786	−0.018%	$169K	$424K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2782	−0.136%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2785	−0.050%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2782	−0.136%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2783	−0.108%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2784	−0.072%	$179K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2783	−0.108%	$936K	$285K	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	0.2784	−0.072%	$1.3M	$2.6M	50x
Bitget METUSDTlong	+0.0100%	4h	0.2786	long leg	$652K	$878K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2782	−0.144%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2782	−0.144%	$2K	$1.6M	20x	as long as short
Phoenix MET	+0.0173%	1h	0.2787	+0.054%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0394%	1h	0.2787	+0.032%	$316K	$310K	5x	as long as short