Settings8H · net · $10k
Funding arb · Price arb /

MET

all MET markets
SwapBacktest
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: Bybit against ApeX Omni+0.145%109s7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$737as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$7297.291% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.076%−$8 on $10k
Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.145%, 7d avg +0.133%
Together, before fees−0.175%−$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni METUSDT0.27500.0100pay 0.0013% / 1h39m 44s$34K$117K50x
ShortBybit METUSDT0.27540.0100get 0.0050% / 4h3h 39m$4.7M$3.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.145% → +0.133%
$1.23
Slippage, 4 orders
−$708.12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$727.89
Costs to cover
7.291%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 56 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 56 min ago20.38 bp320.9 bp −$321doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.82 bp38.6 bp −$39179.1 bp −$1,791doesn't fitdoesn't fit

MET on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX MET/USD [WBTC.b-USDC]L −0.0738% / S +0.0214%1h0.2757+0.264%$4K50xas long as short
Phoenix MET−0.0206%1h0.2758+0.291%$13K$14K5xas long as short
Lighter MET+0.0096%1h0.2755+0.182%$169K$435K5xas long as short
Hyperliquid MET+0.0100%1h0.2755+0.193%$3.6M$1.8M3xas long as short
Aster METUSDT+0.0100%4h0.2758+0.277%$52K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2755+0.197%$4.6M$12.6M50xas long as short
Bybit METUSDTshort+0.0100%4h0.2754+0.145%$4.7M$3.3M25x
OKX MET-USDT-SWAP+0.0100%4h0.2758+0.291%$1.2M$3.2M20xas long as short
Gate MET_USDT+0.0100%4h0.2756+0.218%$174K$168K50xas long as short
MEXC MET_USDT+0.0100%4h0.2755+0.182%$846K$289K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin METUSDTM+0.0100%4h0.2755+0.182%$1.3M$2.7M50xas long as short
Bitget METUSDT+0.0100%4h0.2757+0.255%$686K$918K25xas long as short
ApeX Omni METUSDTlong+0.0100%1h0.2750long leg$34K$117K50x
SunX MET-USDT+0.0100%4h0.2753+0.109%$1K$1.6M20xas long as short
BloFin MET-USDT+0.0132%4h0.2754+0.145%$271K$91K50xas long as short
Backpack MET_USDC_PERP+0.0312%1h0.2757+0.262%$315K$249K5xas long as short