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: Gate against Bybit+0.111%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1601.595% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.362%−$36 · spread now +0.111%, 7d avg −0.030%

Together, before fees−0.272%−$27 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: Gate is 0.141% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METUSDT	0.2711	0.0100	pay 0.0050% / 4h	39m 26s	$4.7M	$3.3M	25x
Short	Gate MET_USDT	0.2714	0.0100	get 0.0050% / 4h	39m 26s	$170K	$190K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → −0.030%: $14.07
Slippage, 4 orders: −$133.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$145.46
Costs to cover: 1.595%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 57 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 Bybit live order book, 3 min ago	1.84 bp	34.3 bp −$34	294.4 bp −$2,944	doesn't fit	doesn't fit
Sell Gate live order book, 57 min ago	7.36 bp	39.1 bp −$39	doesn't fit	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	0.2715	+0.135%	$4K	—	50x	as long as short
Phoenix MET	−0.0059%	1h	0.2716	+0.192%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2725	+0.513%	$165K	$436K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2714	+0.103%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2712	+0.022%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2709	−0.074%	$4.5M	$12.8M	50x	as long as short
Bybit METUSDTlong	+0.0100%	4h	0.2711	long leg	$4.7M	$3.3M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2715	+0.148%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2714	+0.111%	$170K	$190K	50x
MEXC MET_USDT	+0.0100%	4h	0.2711	0.000%	$805K	$286K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2714	+0.111%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2714	+0.111%	$675K	$962K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2717	+0.203%	$310K	$285K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2711	0.000%	$34K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2714	+0.111%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0153%	4h	0.2715	+0.148%	$270K	$89K	50x	as long as short