Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Hyperliquid+0.039%7-day average −0.066% · you sell dearer than you buy

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

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.096%−$10 · spread now +0.039%, 7d avg −0.066%

Together, before fees−0.078%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 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 0.105% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MET	0.2835	0.0100	pay 0.0013% / 1h	6m 05s	$3.9M	$1.6M	3x
Short	MEXC MET_USDT	0.2836	0.0100	get 0.0050% / 4h	3h 06m	$984K	$284K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpFee MEXCbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.066%: $10.45
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$2.55
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; MEXC: live order book, 5 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 Hyperliquid live order book, 6 min ago	0.18 bp	6.8 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.51 bp	9.4 bp −$9	40.1 bp −$401	211.4 bp −$21.1K	756.6 bp −$378.3K

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	0.2834	−0.023%	$9K	—	50x	as long as short
Hyperliquid METlong	+0.0100%	1h	0.2835	long leg	$3.9M	$1.6M	3x
Aster METUSDT	+0.0100%	4h	0.2837	+0.057%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2835	+0.019%	$4.9M	$11.9M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2833	−0.067%	$4.9M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2834	−0.032%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2839	+0.145%	$193K	$186K	50x	as long as short
MEXC MET_USDTshort	+0.0100%	4h	0.2836	+0.039%	$984K	$284K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2838	+0.109%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2836	+0.039%	$679K	$867K	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	0.2844	+0.321%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2836	+0.039%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0118%	4h	0.2842	+0.250%	$292K	$87K	50x	as long as short
Phoenix MET	+0.0197%	1h	0.2848	+0.462%	$15K	$15K	5x	as long as short
Lighter MET	+0.0248%	1h	0.2843	+0.268%	$254K	$281K	5x	as long as short
Backpack MET_USDC_PERP	+0.0544%	1h	0.2838	+0.092%	$330K	$264K	5x	as long as short