Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.030%

Price spread now: GMX against MEXC−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and GMX is 0.027% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MET_USDT	0.2893	0.0100	pay 0.0050% / 4h	45m 17s	$1.0M	$277K	20x
Short	GMX MET/USD [WBTC.b-USDC]	0.2892	L −0.1723% / S +0.0247%	pay 0.0031% / 1h	45m 17s	$10K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$72.8
Price spread: −0.027% → 0.000%: −$2.66
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$91.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

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, 1 min ago	1.73 bp	8.8 bp −$9	38.6 bp −$386	224.2 bp −$22.4K	811.0 bp −$405.5K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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]short	L −0.1723% / S +0.0247%	1h	0.2892	−0.027%	$10K	—	50x
Phoenix MET	−0.0112%	1h	0.2900	+0.249%	$14K	$13K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2895	+0.055%	$4.4M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2895	+0.056%	$55K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2893	−0.016%	$5.1M	$11.5M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2893	+0.010%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2893	0.000%	$1.3M	$3.5M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2896	+0.104%	$196K	$188K	50x	as long as short
MEXC MET_USDTlong	+0.0100%	4h	0.2893	long leg	$1.0M	$277K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2896	+0.104%	$1.3M	$2.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2896	+0.104%	$696K	$860K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2899	+0.207%	$40K	$113K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2892	−0.035%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0139%	4h	0.2896	+0.104%	$297K	$84K	50x	as long as short
Lighter MET	+0.0232%	1h	0.2903	+0.335%	$268K	$248K	5x	as long as short
Backpack MET_USDC_PERP	+0.1383%	1h	0.2898	+0.190%	$337K	$258K	5x	as long as short