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: Gate against MEXC−0.072%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1281.284% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.072%, 7d avg +0.004%

Together, before fees+0.065%+$7 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 0.076% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MET_USDT	0.2792	0.0100	pay 0.0050% / 4h	1h 10m	$939K	$284K	20x
Short	Gate MET_USDT	0.2790	0.0100	get 0.0050% / 4h	1h 10m	$180K	$175K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → +0.004%: −$7.59
Slippage, 4 orders: −$109.4
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$136
Costs to cover: 1.284%
Break-even: never at this rate

Slippage from MEXC: live order book, 55 min ago; Gate: live order book, 45 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, 55 min ago	1.80 bp	8.5 bp −$8	42.7 bp −$427	244.4 bp −$24.4K	873.7 bp −$436.9K
Sell Gate live order book, 45 min ago	5.39 bp	58.3 bp −$58	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 −0.0599% / S +0.0206%	1h	0.2790	−0.063%	$4K	—	50x	as long as short
BloFin MET-USDT	+0.0057%	4h	0.2788	−0.143%	$286K	$90K	50x	as long as short
Bybit METUSDT	+0.0071%	4h	0.2792	−0.014%	$4.8M	$3.2M	25x	as long as short
Lighter MET	+0.0096%	1h	0.2792	−0.018%	$169K	$423K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2791	−0.043%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2790	−0.081%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2794	+0.072%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2795	+0.107%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2790	−0.072%	$180K	$175K	50x
MEXC MET_USDTlong	+0.0100%	4h	0.2792	long leg	$939K	$284K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2791	−0.036%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2794	+0.072%	$654K	$887K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2785	−0.251%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2788	−0.143%	$2K	$1.6M	20x	as long as short
Phoenix MET	+0.0173%	1h	0.2791	−0.047%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0388%	1h	0.2793	+0.025%	$315K	$310K	5x	as long as short