Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate−0.070%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1381.380% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.070%, 7d avg −0.006%

Together, before fees+0.035%+$4 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: MEXC is 0.064% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MET_USDT	0.2856	0.0100	pay 0.0050% / 4h	1h 15m	$193K	$189K	50x
Short	MEXC MET_USDT	0.2854	0.0100	get 0.0050% / 4h	1h 15m	$966K	$271K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.006%: −$6.42
Slippage, 4 orders: −$119.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$144.43
Costs to cover: 1.380%
Break-even: never at this rate

Slippage from Gate: live order book, 60 min ago; MEXC: live order book, 64 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 Gate live order book, 60 min ago	8.86 bp	59.2 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 64 min ago	1.76 bp	12.2 bp −$12	44.3 bp −$443	224.7 bp −$22.5K	802.3 bp −$401.2K

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	0.2857	+0.041%	$10K	—	50x	as long as short
Phoenix MET	−0.0114%	1h	0.2852	−0.126%	$14K	$13K	5x	as long as short
BloFin MET-USDT	+0.0046%	4h	0.2852	−0.140%	$293K	$79K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2855	−0.028%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2856	+0.013%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2853	−0.105%	$5.0M	$11.2M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2853	−0.105%	$4.9M	$2.9M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2852	−0.140%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2856	long leg	$193K	$189K	50x
MEXC MET_USDTshort	+0.0100%	4h	0.2854	−0.070%	$966K	$271K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2854	−0.070%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2857	+0.035%	$678K	$854K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2849	−0.245%	$37K	$111K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2858	+0.070%	$2K	$1.6M	20x	as long as short
Lighter MET	+0.0152%	1h	0.2862	+0.203%	$265K	$247K	5x	as long as short
Backpack MET_USDC_PERP	+0.0567%	1h	0.2857	+0.028%	$332K	$257K	5x	as long as short