Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin−0.036%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$2922.919% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 7 days+0.139%+$14 · spread now −0.036%, 7d avg +0.016%

Together, before fees+0.368%+$37 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: Bitget is 0.052% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METUSDTM	0.2779	0.0100	pay 0.0050% / 4h	1h 55m	$1.3M	$2.6M	50x
Short	Bitget METUSDT	0.2778	0.0100	get 0.0050% / 4h	1h 55m	$651K	$888K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.016%: −$5.19
Slippage, 4 orders: −$267.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$297.1
Costs to cover: 2.919%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 6 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, 2 min ago	5.38 bp	99.7 bp −$100	337.3 bp −$3,373	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	7.19 bp	27.8 bp −$28	91.6 bp −$916	doesn't fit	doesn't fit

MET on 15 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 −0.0483% / S +0.0171%	1h	0.2777	−0.063%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2782	+0.115%	$14K	$15K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2777	−0.072%	$168K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2777	−0.090%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2779	+0.004%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2777	−0.072%	$4.8M	$12.2M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2775	−0.133%	$4.8M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2778	−0.036%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2778	−0.036%	$180K	$174K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2776	−0.108%	$928K	$279K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMlong	+0.0100%	4h	0.2779	long leg	$1.3M	$2.6M	50x
Bitget METUSDTshort	+0.0100%	4h	0.2778	−0.036%	$651K	$888K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2771	−0.288%	$35K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2777	−0.072%	$2K	$1.6M	20x	as long as short
Backpack MET_USDC_PERP	+0.0280%	1h	0.2778	−0.018%	$316K	$281K	5x	as long as short