Funding arb · Price arb /

MET

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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: SunX against Gate−0.037%7-day average +0.024% · you buy dearer than you sell

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.533%+$53 · spread now −0.037%, 7d avg +0.024%

Together, before fees+0.550%+$55 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: SunX is 0.061% 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 +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MET_USDT	0.2739	0.0100	pay 0.0050% / 4h	1h 56m	$171K	$194K	50x
Short	SunX MET-USDT	0.2738	0.0100	get 0.0050% / 4h	1h 56m	$2K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → +0.024%: −$6.1
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$29.1
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 45 min ago; SunX: live order book, 9 min ago. 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 Gate live order book, 45 min ago	3.67 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	503.18 bp	doesn't fit	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 −0.0738% / S +0.0214%	1h	0.2737	−0.087%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2753	+0.504%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0046%	4h	0.2748	+0.329%	$275K	$94K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2745	+0.215%	$170K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2738	−0.022%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2739	−0.008%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2736	−0.110%	$4.6M	$12.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2736	−0.110%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2738	−0.037%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2739	long leg	$171K	$194K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2737	−0.073%	$843K	$288K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2742	+0.110%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2741	+0.073%	$688K	$961K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2745	+0.223%	$309K	$281K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2745	+0.219%	$34K	$120K	50x	as long as short
SunX MET-USDTshort	+0.0100%	4h	0.2738	−0.037%	$2K	$1.6M	20x