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: Bitget against OKX+0.036%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1031.027% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days+0.060%+$6 · spread now +0.036%, 7d avg +0.014%

Together, before fees+0.044%+$4 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: Bitget is 0.022% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MET-USDT-SWAP	0.2784	0.0100	pay 0.0050% / 4h	40m 27s	$1.2M	$3.3M	20x
Short	Bitget METUSDT	0.2785	0.0100	get 0.0050% / 4h	40m 27s	$652K	$864K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.014%: $2.19
Slippage, 4 orders: −$80.74
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.55
Costs to cover: 1.027%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: 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 OKX live order book, 2 min ago	5.40 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 15 min ago	7.18 bp	28.3 bp −$28	97.1 bp −$971	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 −0.0498% / S +0.0175%	1h	0.2779	−0.187%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2776	−0.291%	$14K	$15K	5x	as long as short
Bybit METUSDT	+0.0044%	4h	0.2783	−0.036%	$4.8M	$3.1M	25x	as long as short
BloFin MET-USDT	+0.0071%	4h	0.2776	−0.287%	$284K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2785	+0.032%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2784	+0.018%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2785	+0.033%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2785	+0.033%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAPlong	+0.0100%	4h	0.2784	long leg	$1.2M	$3.3M	20x
Gate MET_USDT	+0.0100%	4h	0.2782	−0.072%	$178K	$171K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2784	0.000%	$935K	$280K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2784	0.000%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDTshort	+0.0100%	4h	0.2785	+0.036%	$652K	$864K	25x
Backpack MET_USDC_PERP	+0.0100%	1h	0.2781	−0.111%	$315K	$310K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2772	−0.431%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2778	−0.216%	$2K	$1.6M	20x	as long as short