Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0275%/8h= −30.2% APRpaid last 24h −0.063%

Price spread now: GMX against OKX+0.008%7-day average — · you sell dearer than you buy

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

Long on OKX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

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	3h 19m	$1.2M	$3.2M	20x
Short	GMX MET/USD [WBTC.b-USDC]	0.2784	L −0.0498% / S +0.0175%	pay 0.0022% / 1h	19m 54s	$4K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$57.84
Price spread: +0.008% → 0.000%: $0.75
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$79.08
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	5.40 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn't fit
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 −0.0498% / S +0.0175%	1h	0.2784	+0.008%	$4K	—	50x
Phoenix MET	−0.0029%	1h	0.2778	−0.208%	$14K	$15K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2784	+0.011%	$168K	$423K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2783	−0.036%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2784	−0.003%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2781	−0.102%	$4.7M	$12.1M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2781	−0.108%	$4.8M	$3.1M	25x	as long as short
OKX MET-USDT-SWAPlong	+0.0100%	4h	0.2784	long leg	$1.2M	$3.2M	20x
Gate MET_USDT	+0.0100%	4h	0.2782	−0.072%	$181K	$173K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2782	−0.072%	$934K	$281K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2783	−0.036%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2784	0.000%	$665K	$863K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2776	−0.287%	$35K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2782	−0.072%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0119%	4h	0.2779	−0.180%	$283K	$87K	50x	as long as short
Backpack MET_USDC_PERP	+0.0209%	1h	0.2785	+0.029%	$318K	$269K	5x	as long as short