Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against ApeX Omni+0.281%51s7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$718as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7167.161% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.183%−$18 · spread now +0.281%, 7d avg +0.121%

Together, before fees−0.199%−$20 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: Gate is 0.160% dearer against ApeX Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.121%. The two prices were read 51 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	ApeX Omni METUSDT	0.2843	0.0100	pay 0.0013% / 1h	8m 30s	$36K	$116K	50x
Short	Gate MET_USDT	0.2851	0.0100	get 0.0050% / 4h	8m 30s	$193K	$190K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.281%Rate

Funding earned: $0
Price spread: +0.281% → +0.121%: $16.02
Slippage, 4 orders: −$691.1
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$700.08
Costs to cover: 7.161%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; Gate: live order book, 63 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, 2 min ago	28.08 bp	301.3 bp −$301	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 63 min ago	7.01 bp	55.6 bp −$56	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	0.2851	+0.283%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2848	+0.176%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0098%	4h	0.2851	+0.281%	$295K	$83K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2850	+0.253%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2850	+0.252%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2849	+0.221%	$5.0M	$11.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2849	+0.200%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2850	+0.246%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2851	+0.281%	$193K	$190K	50x
MEXC MET_USDT	+0.0100%	4h	0.2849	+0.211%	$1.0M	$280K	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	0.2851	+0.281%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2851	+0.281%	$685K	$873K	25x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2843	long leg	$36K	$116K	50x
SunX MET-USDT	+0.0100%	4h	0.2850	+0.246%	$2K	$1.6M	20x	as long as short
Lighter MET	+0.0216%	1h	0.2854	+0.387%	$249K	$268K	5x	as long as short
Backpack MET_USDC_PERP	+0.0474%	1h	0.2854	+0.376%	$332K	$262K	5x	as long as short