Spread before costs (cost unknown: a leg has no order-book sample)+0.403%
7d average—if it closes, per $10,000$40funding while held, a day−$15.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METUSDTM | 0.2752 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $1.3M | $2.5M | 50x |
| Short | Phoenix MET | 0.2763 | −0.0432 | pay 0.0054% / 1h | 54m 29s | $14K | $16K | 5x |
KuCoin METUSDTM
Phoenix 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
- $40.33
- Funding while held
- −$15.96
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $5.37
- Spread needed to break even
- 0.190%
Slippage unknown: KuCoin: live order book, 9 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0532%
- Per $10,000 a day
- −$15.96
- 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, 9 min ago | 7.19 bp | 115.9 bp −$116 | 439.4 bp −$4,394 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MET price on every exchange
against the cheapest. Click to use as the short leg.Backpack0.2752cheapestAster0.2752+0.005%Binance0.2752+0.018%OKX0.2752+0.018%Gate0.2752+0.018%MEXC0.2752+0.018%
Backpack
Aster
Binance
OKX
Gate
MEXCKuCoin0.2752+0.018%
SunX0.2752+0.018%BloFin0.2752+0.018%Bitget0.2753+0.055%Bybit0.2754+0.098%GMX0.2754+0.104%Hyperliquid0.2754+0.105%Lighter0.2760+0.323%ApeX Omni0.2762+0.382%
SunX
BloFin
Bitget
Bybit
GMX
Hyperliquid
Lighter
ApeX OmniPhoenix0.2763+0.422%
MET on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack MET_USDC_PERP | −0.018% | −0.0742% | 1h | $322K | $262K | 5x | as long as short |
| Aster METUSDT | −0.013% | +0.0100% | 4h | $51K | $9K | 5x | as long as short |
| Binance METUSDT | 0.000% | +0.0100% | 4h | $4.7M | $10.5M | 50x | as long as short |
| OKX MET-USDT-SWAP | 0.000% | +0.0100% | 4h | $1.1M | $3.2M | 20x | as long as short |
| Gate MET_USDT | 0.000% | +0.0100% | 4h | $190K | $241K | 50x | as long as short |
| MEXC MET_USDT | 0.000% | +0.0100% | 4h | $972K | $227K | 20x | as long as short |
| KuCoin METUSDTMlong | 0.000% | +0.0100% | 4h | $1.3M | $2.5M | 50x | |
| SunX MET-USDT | 0.000% | +0.0100% | 4h | $2K | $1.5M | 20x | as long as short |
| BloFin MET-USDT | 0.000% | +0.0134% | 4h | $280K | $81K | 50x | as long as short |
| Bitget METUSDT | +0.036% | +0.0100% | 4h | $650K | $935K | 25x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit METUSDT | +0.080% | −0.0116% | 4h | $4.7M | $3.0M | 25x | as long as short |
| GMX MET/USD [WBTC.b-USDC] | +0.086% | L +0.0081% / S +0.0132% | 1h | $25K | — | 50x | as long as short |
| Hyperliquid MET | +0.087% | +0.0100% | 1h | $4.2M | $1.2M | 3x | as long as short |
| Lighter MET | +0.305% | +0.0488% | 1h | $329K | $303K | 5x | as long as short |
| ApeX Omni METUSDT | +0.363% | +0.0100% | 1h | $35K | $118K | 50x | as long as short |
| Phoenix METshort | +0.403% | −0.0432% | 1h | $14K | $16K | 5x |