Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against ApeX Omni+0.073%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$690as in the Funding arb table

Net, price: spread back to 7d avg − costs−$688as in the Price arb table

costs, in and out, $10k−$6856.852% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.073%, 7d avg +0.100%

Together, before fees−0.183%−$18 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: Binance is 0.027% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METUSDT	0.2751	0.0100	pay 0.0013% / 1h	39m 15s	$34K	$117K	50x
Short	Binance METUSDT	0.2753	0.0100	get 0.0050% / 4h	3h 39m	$4.6M	$12.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.100%: −$2.75
Slippage, 4 orders: −$665.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$688
Costs to cover: 6.852%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 56 min ago; Binance: live order book, 16 min ago.

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 ApeX Omni live order book, 56 min ago	20.38 bp	320.9 bp −$321	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.83 bp	19.0 bp −$19	94.1 bp −$941	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 −0.0738% / S +0.0214%	1h	0.2755	+0.137%	$4K	—	50x	as long as short
Phoenix MET	−0.0206%	1h	0.2758	+0.254%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2756	+0.182%	$169K	$435K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2756	+0.196%	$3.6M	$1.8M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2755	+0.149%	$52K	$11K	5x	as long as short
Binance METUSDTshort	+0.0100%	4h	0.2753	+0.073%	$4.6M	$12.6M	50x
Bybit METUSDT	+0.0100%	4h	0.2753	+0.087%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2757	+0.218%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2756	+0.182%	$174K	$168K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2755	+0.145%	$846K	$289K	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	0.2756	+0.182%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2757	+0.218%	$686K	$918K	25x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2751	long leg	$34K	$117K	50x
SunX MET-USDT	+0.0100%	4h	0.2755	+0.145%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0126%	4h	0.2752	+0.036%	$271K	$90K	50x	as long as short
Backpack MET_USDC_PERP	+0.0312%	1h	0.2757	+0.225%	$315K	$249K	5x	as long as short