Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.052%
Price spread now: Backpack against KuCoin+0.011%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$192as in the Price arb table
costs, in and out, $10k−$1911.911% of the position
Funding, last 7 days+0.615%+$62 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.011%, 7d avg +0.017%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METUSDTM | 0.2723 | 0.0100 | pay 0.0050% / 4h | 14m 18s | $1.3M | $2.7M | 50x |
| Short | Backpack MET_USDC_PERP | 0.2723 | 0.0100 | get 0.0013% / 1h | 14m 18s | $311K | $254K | 5x |
KuCoin METUSDTM
Backpack MET_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.011% → +0.017%
- −$0.62
- Slippage, 4 orders
- −$169.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$191.69
- Costs to cover
- 1.911%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Backpack: live order book, 24 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 KuCoin live order book, 3 min ago | 5.52 bp | 78.7 bp −$79 | 298.8 bp −$2,988 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 24 min ago | 2.40 bp | 14.2 bp −$14 | 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 | 0.2721 | −0.080% | $4K | — | 50x | as long as short |
| Phoenix MET | −0.0059% | 1h | 0.2720 | −0.129% | $13K | $14K | 5x | as long as short |
| BloFin MET-USDT | +0.0073% | 4h | 0.2720 | −0.110% | $270K | $89K | 50x | as long as short |
| Lighter MET | +0.0096% | 1h | 0.2723 | −0.004% | $165K | $438K | 5x | as long as short |
| Hyperliquid MET | +0.0100% | 1h | 0.2723 | +0.015% | $3.6M | $1.9M | 3x | as long as short |
| Aster METUSDT | +0.0100% | 4h | 0.2724 | +0.028% | $51K | $11K | 5x | as long as short |
| Binance METUSDT | +0.0100% | 4h | 0.2723 | 0.000% | $4.5M | $12.8M | 50x | as long as short |
| Bybit METUSDT | +0.0100% | 4h | 0.2724 | +0.037% | $4.7M | $3.3M | 25x | as long as short |
| OKX MET-USDT-SWAP | +0.0100% | 4h | 0.2727 | +0.147% | $1.2M | $3.3M | 20x | as long as short |
| Gate MET_USDT | +0.0100% | 4h | 0.2722 | −0.037% | $171K | $191K | 50x | as long as short |
GMX MET/USD [WBTC.b-USDC]
Phoenix MET
BloFin MET-USDT
Lighter MET
Hyperliquid MET
Aster METUSDT
Binance METUSDT
Bybit METUSDT
OKX MET-USDT-SWAP
Gate MET_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MET_USDT | +0.0100% | 4h | 0.2722 | −0.037% | $837K | $292K | 20x | as long as short |
| KuCoin METUSDTMlong | +0.0100% | 4h | 0.2723 | long leg | $1.3M | $2.7M | 50x | |
| Bitget METUSDT | +0.0100% | 4h | 0.2725 | +0.073% | $676K | $956K | 25x | as long as short |
| Backpack MET_USDC_PERPshort | +0.0100% | 1h | 0.2723 | +0.011% | $311K | $254K | 5x | |
| ApeX Omni METUSDT | +0.0100% | 1h | 0.2716 | −0.257% | $34K | $119K | 50x | as long as short |
| SunX MET-USDT | +0.0100% | 4h | 0.2724 | +0.037% | $1K | $1.6M | 20x | as long as short |
MEXC MET_USDT
Bitget METUSDT
ApeX Omni METUSDT
SunX MET-USDT