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: Binance against MEXC+0.036%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$620.615% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.036%, 7d avg 0.000%

Together, before fees−0.060%−$6 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: Binance is 0.036% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MET_USDT	0.2776	0.0100	pay 0.0050% / 4h	1h 55m	$928K	$279K	20x
Short	Binance METUSDT	0.2777	0.0100	get 0.0050% / 4h	1h 55m	$4.8M	$12.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → 0.000%: $3.61
Slippage, 4 orders: −$47.5
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.89
Costs to cover: 0.615%
Break-even: never at this rate

Slippage from MEXC: live order book, 11 min ago; Binance: live order book, 15 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 MEXC live order book, 11 min ago	1.80 bp	8.5 bp −$8	42.7 bp −$427	244.4 bp −$24.4K	873.7 bp −$436.9K
Sell Binance live order book, 15 min ago	3.61 bp	20.6 bp −$21	92.7 bp −$927	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	+0.045%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2782	+0.223%	$14K	$15K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2777	+0.036%	$168K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2777	+0.018%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2779	+0.112%	$52K	$11K	5x	as long as short
Binance METUSDTshort	+0.0100%	4h	0.2777	+0.036%	$4.8M	$12.2M	50x
Bybit METUSDT	+0.0100%	4h	0.2775	−0.025%	$4.8M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2778	+0.072%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2778	+0.072%	$180K	$174K	50x	as long as short
MEXC MET_USDTlong	+0.0100%	4h	0.2776	long leg	$928K	$279K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2779	+0.108%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2778	+0.072%	$651K	$888K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2771	−0.180%	$35K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2777	+0.036%	$2K	$1.6M	20x	as long as short
Backpack MET_USDC_PERP	+0.0280%	1h	0.2778	+0.090%	$316K	$281K	5x	as long as short