Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0357%/8h= −39.1% APRpaid last 24h −0.033%

Price spread now: GMX against BloFin−0.371%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and GMX is 0.371% cheaper against BloFin than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MET-USDT	0.2842	0.0111	pay 0.0055% / 4h	3h 04m	$292K	$87K	50x
Short	GMX MET/USD [WBTC.b-USDC]	0.2831	L −0.1723% / S +0.0247%	pay 0.0031% / 1h	4m 52s	$9K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.371%Rate

Funding earned: −$75.01
Price spread: −0.371% → 0.000%: −$37.05
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$136.06
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 62 min ago; GMX: no order-book sample. Net counts fees only.

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 BloFin live order book, 62 min ago	1.76 bp	21.6 bp −$22	61.7 bp −$617	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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]short	L −0.1723% / S +0.0247%	1h	0.2831	−0.371%	$9K	—	50x
Hyperliquid MET	+0.0100%	1h	0.2839	−0.109%	$4.0M	$1.6M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2832	−0.343%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2843	+0.030%	$4.9M	$11.9M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2833	−0.299%	$4.9M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2840	−0.070%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2834	−0.281%	$192K	$186K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2835	−0.246%	$984K	$284K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2837	−0.176%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2836	−0.211%	$679K	$867K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni METUSDT	+0.0100%	1h	0.2844	+0.070%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2835	−0.246%	$1K	$1.6M	20x	as long as short
BloFin MET-USDTlong	+0.0111%	4h	0.2842	long leg	$292K	$87K	50x
Phoenix MET	+0.0197%	1h	0.2848	+0.211%	$15K	$15K	5x	as long as short
Lighter MET	+0.0232%	1h	0.2847	+0.162%	$254K	$281K	5x	as long as short
Backpack MET_USDC_PERP	+0.0525%	1h	0.2834	−0.267%	$330K	$264K	5x	as long as short