Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against KuCoin0.000%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$325as in the Funding arb table

Net, price: spread back to 7d avg − costs−$348as in the Price arb table

costs, in and out, $10k−$3523.518% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now 0.000%, 7d avg −0.039%

Together, before fees+0.141%+$14 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: Gate is 0.039% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METUSDTM	0.2848	0.0100	pay 0.0050% / 4h	18m 34s	$1.3M	$2.5M	50x
Short	Gate MET_USDT	0.2848	0.0100	get 0.0050% / 4h	18m 34s	$193K	$190K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.039%: $3.91
Slippage, 4 orders: −$324.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$347.88
Costs to cover: 3.518%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 52 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	5.27 bp	108.1 bp −$108	358.2 bp −$3,582	doesn't fit	doesn't fit
Sell Gate live order book, 52 min ago	7.01 bp	55.6 bp −$56	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 −0.1723% / S +0.0247%	1h	0.2847	−0.032%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2849	+0.025%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0052%	4h	0.2846	−0.070%	$297K	$83K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2850	+0.070%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2849	+0.021%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2848	0.000%	$5.0M	$11.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2847	−0.021%	$4.9M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2847	−0.035%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2848	0.000%	$193K	$190K	50x
MEXC MET_USDT	+0.0100%	4h	0.2848	0.000%	$1.0M	$279K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMlong	+0.0100%	4h	0.2848	long leg	$1.3M	$2.5M	50x
Bitget METUSDT	+0.0100%	4h	0.2848	0.000%	$685K	$871K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2843	−0.176%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2845	−0.105%	$2K	$1.6M	20x	as long as short
Lighter MET	+0.0232%	1h	0.2852	+0.140%	$249K	$268K	5x	as long as short
Backpack MET_USDC_PERP	+0.0388%	1h	0.2851	+0.088%	$330K	$261K	5x	as long as short