MET

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against OKX+0.035%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.656%+$66 · spread now +0.035%, 7d avg +0.001%

Together, before fees+0.661%+$66 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.034% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.001%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MET-USDT-SWAP	0.2874	0.0100	pay 0.0050% / 4h	1h 48m	$1.2M	$3.3M	20x
Short	BloFin MET-USDT	0.2875	0.0340	get 0.0170% / 4h	1h 48m	$299K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $50.4
Price spread: +0.035% → +0.001%: $3.39
Slippage, 4 orders: −$52.64
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.85
Costs to cover: 0.746%
Break-even: 9.9 days

Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 58 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	3.48 bp	17.5 bp −$17	136.0 bp −$1,360	doesn't fit	doesn't fit
Sell BloFin live order book, 58 min ago	5.30 bp	18.3 bp −$18	63.2 bp −$632	doesn't fit	doesn't fit

MET on 16 exchanges

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
Phoenix MET	−0.0166%	1h	0.2880	+0.198%	$14K	$13K	5x	as long as short
GMX MET/USD [WBTC.b-USDC]	L −0.0048% / S +0.0183%	1h	0.2872	−0.060%	$9K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2878	+0.150%	$175K	$432K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2878	+0.139%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2875	+0.043%	$54K	$13K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2875	+0.027%	$4.9M	$12.5M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2872	−0.070%	$5.0M	$3.2M	25x	as long as short
OKX MET-USDT-SWAPlong	+0.0100%	4h	0.2874	long leg	$1.2M	$3.3M	20x
Gate MET_USDT	+0.0100%	4h	0.2871	−0.104%	$185K	$166K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2874	0.000%	$931K	$313K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2874	0.000%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2874	0.000%	$713K	$810K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2878	+0.132%	$325K	$242K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2873	−0.035%	$37K	$115K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2874	0.000%	$2K	$1.5M	20x	as long as short
BloFin MET-USDTshort	+0.0340%	4h	0.2875	+0.035%	$299K	$125K	50x