Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX−0.106%7-day average +0.006% · you buy dearer than you sell

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)−0.813%−$81 · spread now −0.106%, 7d avg +0.006%

Together, before fees−0.870%−$87 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 0.112% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MET-USDT	0.2835	0.0100	pay 0.0050% / 4h	2h 25m	$2K	$1.6M	20x
Short	Bitget METUSDT	0.2832	0.0100	get 0.0050% / 4h	2h 25m	$665K	$845K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → +0.006%: −$11.22
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.22
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Bitget: live order book, 60 min ago. 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 SunX live order book, 10 min ago	502.58 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 60 min ago	5.30 bp	29.5 bp −$29	96.0 bp −$960	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 −0.1204% / S +0.0193%	1h	0.2834	−0.053%	$9K	—	50x	as long as short
Phoenix MET	−0.0197%	1h	0.2830	−0.166%	$14K	$13K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2837	+0.071%	$262K	$243K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2837	+0.053%	$4.3M	$1.2M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2831	−0.126%	$53K	$10K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2836	+0.038%	$5.0M	$11.0M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2835	+0.007%	$4.9M	$2.8M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2834	−0.035%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2830	−0.176%	$193K	$194K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2832	−0.106%	$932K	$260K	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	0.2830	−0.176%	$1.3M	$2.4M	50x	as long as short
Bitget METUSDTshort	+0.0100%	4h	0.2832	−0.106%	$665K	$845K	25x
ApeX Omni METUSDT	+0.0100%	1h	0.2822	−0.459%	$37K	$110K	50x	as long as short
SunX MET-USDTlong	+0.0100%	4h	0.2835	long leg	$2K	$1.6M	20x
BloFin MET-USDT	+0.0106%	4h	0.2833	−0.071%	$292K	$81K	50x	as long as short
Backpack MET_USDC_PERP	+0.0143%	1h	0.2837	+0.060%	$331K	$252K	5x	as long as short