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: KuCoin against SunX−0.072%7-day average +0.007% · you buy dearer than you sell

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 3 days (all we have)−0.189%−$19 · spread now −0.072%, 7d avg +0.007%

Together, before fees−0.475%−$48 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: KuCoin is 0.078% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MET-USDT	0.2787	0.0100	pay 0.0050% / 4h	2h 19m	$2K	$1.6M	20x
Short	KuCoin METUSDTM	0.2785	0.0100	get 0.0050% / 4h	2h 19m	$1.3M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → +0.007%: −$7.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; KuCoin: live order book, 3 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, 6 min ago	500.98 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	7.16 bp	116.2 bp −$116	333.3 bp −$3,333	doesn't fit	doesn't fit

MET on 15 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 −0.1415% / S +0.0215%	1h	0.2786	−0.041%	$9K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2787	−0.018%	$14K	$15K	5x	as long as short
Bybit METUSDT	+0.0058%	4h	0.2784	−0.108%	$4.8M	$3.1M	25x	as long as short
Lighter MET	+0.0096%	1h	0.2782	−0.165%	$168K	$421K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2784	−0.090%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2787	−0.006%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2786	−0.029%	$4.8M	$12.1M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2787	0.000%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2787	0.000%	$180K	$182K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2786	−0.036%	$925K	$285K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMshort	+0.0100%	4h	0.2785	−0.072%	$1.3M	$2.6M	50x
Bitget METUSDT	+0.0100%	4h	0.2788	+0.036%	$652K	$894K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2787	+0.018%	$317K	$283K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2792	+0.179%	$36K	$117K	50x	as long as short
SunX MET-USDTlong	+0.0100%	4h	0.2787	long leg	$2K	$1.6M	20x