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: OKX against SunX−0.393%57s7-day average −0.035% · you buy dearer than you sell

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)+0.074%+$7 · spread now −0.393%, 7d avg −0.035%

Together, before fees+0.032%+$3 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: OKX is 0.358% cheaper against SunX than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MET-USDT	0.2799	0.0100	pay 0.0050% / 4h	2h 42m	$2K	$1.6M	20x
Short	OKX MET-USDT-SWAP	0.2788	0.0100	get 0.0050% / 4h	2h 42m	$1.2M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.393%Rate

Funding earned: $0
Price spread: −0.393% → −0.035%: −$35.76
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$53.76
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; OKX: live order book, 5 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, 3 min ago	502.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	5.36 bp	25.5 bp −$25	doesn't fit	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 −0.1723% / S +0.0247%	1h	0.2789	−0.373%	$9K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2799	+0.014%	$14K	$15K	5x	as long as short
BloFin MET-USDT	+0.0069%	4h	0.2803	+0.143%	$289K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2791	−0.286%	$229K	$306K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2791	−0.289%	$3.9M	$1.6M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2791	−0.287%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2789	−0.357%	$4.8M	$12.0M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2791	−0.293%	$4.8M	$3.1M	25x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2788	−0.393%	$1.2M	$3.4M	20x
Gate MET_USDT	+0.0100%	4h	0.2792	−0.250%	$180K	$179K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2789	−0.357%	$930K	$283K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2790	−0.322%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2791	−0.286%	$652K	$881K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2797	−0.075%	$318K	$277K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2796	−0.107%	$36K	$117K	50x	as long as short
SunX MET-USDTlong	+0.0100%	4h	0.2799	long leg	$2K	$1.6M	20x