Spread before costs (cost unknown: a leg has no order-book sample)−0.047%
7d average—if it closes, per $10,000$5funding while held, a day+$9.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MET | 0.2747 | −0.0206 | get 0.0026% / 1h | 42m 12s | $14K | $17K | 5x |
| Short | Gate MET_USDT | 0.2746 | 0.0100 | get 0.0050% / 4h | 1h 42m | $190K | $213K | 50x |
Phoenix MET
Gate MET_USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$4.73
- Funding while held
- $9.17
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$17.56
- Spread needed to break even
- 0.220%
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 51 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0306%
- Per $10,000 a day
- +$9.17
- Average in range /8h
- —
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 51 min ago | 3.65 bp | 51.8 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: 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 price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.2742cheapestMEXC0.2745+0.109%Bybit0.2745+0.120%Binance0.2746+0.146%
ApeX Omni
MEXC
Bybit
BinanceGate0.2746+0.146%
BloFin0.2746+0.146%Backpack0.2747+0.175%KuCoin0.2747+0.182%SunX0.2747+0.182%GMX0.2747+0.189%
BloFin
Backpack
KuCoin
SunX
GMXPhoenix0.2747+0.193%
Hyperliquid0.2748+0.204%OKX0.2748+0.219%Bitget0.2748+0.219%Aster0.2748+0.219%Lighter0.2750+0.306%
Hyperliquid
OKX
Bitget
Aster
LighterMET on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni METUSDT | −0.193% | +0.0100% | 1h | $35K | $118K | 50x | as long as short |
| MEXC MET_USDT | −0.084% | +0.0100% | 4h | $892K | $236K | 20x | as long as short |
| Bybit METUSDT | −0.073% | −0.0053% | 4h | $4.7M | $2.8M | 25x | as long as short |
| Binance METUSDT | −0.047% | +0.0100% | 4h | $4.7M | $10.7M | 50x | as long as short |
| Gate MET_USDTshort | −0.047% | +0.0100% | 4h | $190K | $213K | 50x | |
| BloFin MET-USDT | −0.047% | +0.0147% | 4h | $278K | $86K | 50x | as long as short |
| Backpack MET_USDC_PERP | −0.018% | +0.0100% | 1h | $320K | $241K | 5x | as long as short |
| KuCoin METUSDTM | −0.011% | +0.0100% | 4h | $1.3M | $2.5M | 50x | as long as short |
| SunX MET-USDT | −0.011% | +0.0100% | 4h | $2K | $1.6M | 20x | as long as short |
| GMX MET/USD [WBTC.b-USDC] | −0.004% | L +0.0100% / S +0.0090% | 1h | $25K | — | 50x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix METlong | 0.000% | −0.0206% | 1h | $14K | $17K | 5x | |
| Hyperliquid MET | +0.011% | +0.0100% | 1h | $4.2M | $1.2M | 3x | as long as short |
| OKX MET-USDT-SWAP | +0.025% | +0.0100% | 4h | $1.2M | $3.2M | 20x | as long as short |
| Bitget METUSDT | +0.025% | +0.0100% | 4h | $650K | $862K | 25x | as long as short |
| Aster METUSDT | +0.026% | +0.0100% | 4h | $51K | $9K | 5x | as long as short |
| Lighter MET | +0.113% | +0.0096% | 1h | $254K | $328K | 5x | as long as short |