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 Bybit+0.131%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$304as in the Funding arb table

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

costs, in and out, $10k−$2912.907% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$13 on $10k

Price spread, last 7 days−0.186%−$19 · spread now +0.131%, 7d avg −0.026%

Together, before fees−0.321%−$32 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 0.157% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METUSDT	0.2819	0.0100	pay 0.0050% / 4h	3h 01m	$4.9M	$3.1M	25x
Short	KuCoin METUSDTM	0.2823	0.0100	get 0.0050% / 4h	3h 01m	$1.3M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → −0.026%: $15.73
Slippage, 4 orders: −$267.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$274.97
Costs to cover: 2.907%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago	3.54 bp	33.0 bp −$33	259.6 bp −$2,596	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	7.05 bp	120.7 bp −$121	491.1 bp −$4,911	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 −0.1723% / S +0.0247%	1h	0.2822	+0.101%	$9K	—	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2823	+0.142%	$3.9M	$1.6M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2824	+0.181%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2822	+0.104%	$4.9M	$11.9M	50x	as long as short
Bybit METUSDTlong	+0.0100%	4h	0.2819	long leg	$4.9M	$3.1M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2821	+0.060%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2824	+0.167%	$192K	$187K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2824	+0.167%	$980K	$285K	20x	as long as short
KuCoin METUSDTMshort	+0.0100%	4h	0.2823	+0.131%	$1.3M	$2.6M	50x
Bitget METUSDT	+0.0100%	4h	0.2826	+0.238%	$662K	$877K	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	0.2823	+0.131%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2823	+0.131%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0122%	4h	0.2826	+0.238%	$291K	$86K	50x	as long as short
Lighter MET	+0.0192%	1h	0.2827	+0.284%	$252K	$282K	5x	as long as short
Phoenix MET	+0.0197%	1h	0.2843	+0.837%	$15K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0482%	1h	0.2824	+0.170%	$330K	$265K	5x	as long as short