Spread before costs (cost unknown: a leg has no order-book sample)+0.360%
7d average—if it closes, per $10,000$36funding while held, a day+$70.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MET/USD [WBTC.b-USDC] | 0.2763 | L −0.2252% / S +0.0250% | get 0.0282% / 1h | 50m 58s | $13K | — | 50x |
| Short | OKX MET-USDT-SWAP | 0.2773 | 0.0100 | get 0.0050% / 4h | 50m 58s | $1.1M | $2.9M | 20x |
GMX MET/USD [WBTC.b-USDC]
OKX MET-USDT-SWAPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $35.97
- Funding while held
- $70.56
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $84.54
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.2352%
- Per $10,000 a day
- +$70.56
- Average in range /8h
- —
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 OKX live order book, 3 min ago | 1.82 bp | 27.0 bp −$27 | 92.0 bp −$920 | doesn't fit | doesn't fit |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.BloFin0.2752cheapestPhoenix0.2754+0.091%Aster0.2757+0.190%KuCoin0.2761+0.327%Gate0.2762+0.363%MEXC0.2762+0.363%ApeX Omni0.2763+0.400%SunX0.2763+0.400%
BloFin
Phoenix
Aster
KuCoin
Gate
MEXC
ApeX Omni
SunXGMX0.2763+0.402%
Hyperliquid0.2763+0.415%Lighter0.2767+0.531%Backpack0.2767+0.531%Bybit0.2769+0.603%Bitget0.2769+0.618%Binance0.2770+0.654%
Hyperliquid
Lighter
Backpack
Bybit
Bitget
BinanceOKX0.2773+0.763%
MET on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MET-USDT | −0.400% | +0.0063% | 4h | $269K | $78K | 50x | as long as short |
| Phoenix MET | −0.310% | −0.0673% | 1h | $14K | $15K | 5x | as long as short |
| Aster METUSDT | −0.211% | +0.0100% | 4h | $51K | $4K | 5x | as long as short |
| KuCoin METUSDTM | −0.075% | +0.0100% | 4h | $1.3M | $2.5M | 50x | as long as short |
| Gate MET_USDT | −0.038% | +0.0100% | 4h | $188K | $233K | 50x | as long as short |
| MEXC MET_USDT | −0.038% | +0.0100% | 4h | $948K | $219K | 20x | as long as short |
| ApeX Omni METUSDT | −0.002% | +0.0100% | 1h | $37K | $107K | 50x | as long as short |
| SunX MET-USDT | −0.002% | +0.0100% | 4h | $2K | $1.4M | 20x | as long as short |
| GMX MET/USD [WBTC.b-USDC]long | 0.000% | L −0.2252% / S +0.0250% | 1h | $13K | — | 50x | |
| Hyperliquid MET | +0.013% | +0.0100% | 1h | $4.1M | $1.1M | 3x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter MET | +0.128% | +0.0224% | 1h | $283K | $258K | 5x | as long as short |
| Backpack MET_USDC_PERP | +0.128% | +0.0100% | 1h | $321K | $251K | 5x | as long as short |
| Bybit METUSDT | +0.201% | +0.0100% | 4h | $4.7M | $2.7M | 25x | as long as short |
| Bitget METUSDT | +0.215% | +0.0100% | 4h | $649K | $842K | 25x | as long as short |
| Binance METUSDT | +0.251% | +0.0100% | 4h | $4.5M | $9.2M | 50x | as long as short |
| OKX MET-USDT-SWAPshort | +0.360% | +0.0100% | 4h | $1.1M | $2.9M | 20x |