Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0745%/8h= +81.5% APRpaid last 24h +0.200%

Price spread now: Aster against GMX+0.088%51s7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Aster is 0.088% dearer against GMX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MET/USD [WBTC.b-USDC]	0.2753	L −0.0645% / S +0.0190%	get 0.0081% / 1h	52m 31s	$4K	—	50x
Short	Aster METUSDT	0.2756	0.0100	get 0.0050% / 4h	2h 52m	$52K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.088%Rate

Funding earned: $156.36
Price spread: +0.088% → 0.000%: $8.85
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $145.2
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: GMX: no order-book sample; Aster: 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 GMX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

GMX and Aster: 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]long	L −0.0645% / S +0.0190%	1h	0.2753	long leg	$4K	—	50x
Phoenix MET	0.0000%	1h	0.2752	−0.049%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2755	+0.053%	$168K	$423K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2754	+0.031%	$3.7M	$1.8M	3x	as long as short
Aster METUSDTshort	+0.0100%	4h	0.2756	+0.088%	$52K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2755	+0.058%	$4.7M	$12.2M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2751	−0.074%	$4.7M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2756	+0.093%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2753	−0.016%	$183K	$179K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2755	+0.056%	$921K	$278K	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	0.2754	+0.020%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2755	+0.056%	$673K	$895K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2756	+0.074%	$310K	$275K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2752	−0.053%	$35K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2752	−0.053%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0126%	4h	0.2754	+0.020%	$280K	$94K	50x	as long as short