MET arbitrage explained
Right now Meteora (MET) trades on 9 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.3154 and the highest bid on Bitget spot at $0.316.
The widest MET perpetual spread is between Binance and Hyperliquid: long MET on Binance at $0.3154 and short on Hyperliquid at $0.3157 for +0.10% gross, or -0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.088% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best MET route is to buy spot on Gate and short the perpetual on Hyperliquid: -0.05% gross, -0.25% net, with +0.030% a day of funding on the short leg.
Spot–spot MET arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small MET gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: MET funding rates · MET spread charts · Meteora price · arbitrage scanner for all coins.