After costs, if the gap returns to its 7d average, $10k−$354
spread now+0.163%7d average+0.127%fees + slippage, in and out−$358spread needed3.575%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METUSDTM | 0.2759 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $1.3M | $2.5M | 50x |
| Short | Lighter MET | 0.2763 | 0.0224 | get 0.0028% / 1h | 54m 51s | $284K | $252K | 5x |
KuCoin METUSDTM
Lighter METPrice 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
- $16.31
- Funding while held
- $3.72
- Slippage, 4 orders
- −$345.53
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$337.5
- Spread needed to break even
- 3.575%
Slippage from KuCoin: live order book, 8 min ago; Lighter: live order book, 46 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0124%
- Per $10,000 a day
- +$3.72
- 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 KuCoin live order book, 8 min ago | 3.61 bp | 111.9 bp −$112 | 295.5 bp −$2,955 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 46 min ago | 5.37 bp | 15.1 bp −$15 | 172.0 bp −$1,720 | doesn't fit | doesn't fit |
MET price on every exchange
against the cheapest. Click to use as the short leg.SunX0.2756cheapestBloFin0.2757+0.036%GMX0.2757+0.038%Bybit0.2758+0.073%OKX0.2758+0.073%Gate0.2758+0.073%Backpack0.2759+0.105%MEXC0.2759+0.109%
SunX
BloFin
GMX
Bybit
OKX
Gate
Backpack
MEXCKuCoin0.2759+0.109%
Binance0.2759+0.110%Bitget0.2761+0.181%ApeX Omni0.2761+0.181%Aster0.2761+0.192%Hyperliquid0.2762+0.212%
Binance
Bitget
ApeX Omni
Aster
HyperliquidLighter0.2763+0.272%
Phoenix0.2763+0.272%
PhoenixMET on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX MET-USDT | −0.109% | +0.0100% | 4h | $2K | $1.5M | 20x | as long as short |
| BloFin MET-USDT | −0.072% | +0.0129% | 4h | $277K | $81K | 50x | as long as short |
| GMX MET/USD [WBTC.b-USDC] | −0.071% | L −0.1598% / S +0.0234% | 1h | $9K | — | 50x | as long as short |
| Bybit METUSDT | −0.036% | +0.0100% | 4h | $4.7M | $3.0M | 25x | as long as short |
| OKX MET-USDT-SWAP | −0.036% | +0.0100% | 4h | $1.1M | $3.1M | 20x | as long as short |
| Gate MET_USDT | −0.036% | +0.0100% | 4h | $188K | $238K | 50x | as long as short |
| Backpack MET_USDC_PERP | −0.004% | +0.0100% | 1h | $321K | $262K | 5x | as long as short |
| MEXC MET_USDT | 0.000% | +0.0100% | 4h | $941K | $222K | 20x | as long as short |
| KuCoin METUSDTMlong | 0.000% | +0.0100% | 4h | $1.3M | $2.5M | 50x | |
| Binance METUSDT | +0.001% | +0.0100% | 4h | $4.7M | $10.4M | 50x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget METUSDT | +0.072% | +0.0100% | 4h | $649K | $930K | 25x | as long as short |
| ApeX Omni METUSDT | +0.072% | +0.0100% | 1h | $35K | $119K | 50x | as long as short |
| Aster METUSDT | +0.083% | +0.0100% | 4h | $51K | $9K | 5x | as long as short |
| Hyperliquid MET | +0.103% | +0.0100% | 1h | $4.1M | $1.1M | 3x | as long as short |
| Lighter METshort | +0.163% | +0.0224% | 1h | $284K | $252K | 5x | |
| Phoenix MET | +0.163% | −0.0202% | 1h | $14K | $16K | 5x | as long as short |