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

MET

all MET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Hyperliquid against ApeX Omni+0.164%65s7-day average +0.160% · you sell dearer than you buy
Net, funding: paid 7d − costs−$663as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$6536.528% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.107%−$11 on $10k
Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.164%, 7d avg +0.160%
Together, before fees−0.084%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni METUSDT0.28620.0100pay 0.0013% / 1h34m 13s$37K$115K50x
ShortHyperliquid MET0.28670.0100get 0.0013% / 1h34m 13s$4.3M$1.3M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.164% → +0.160%
$0.41
Slippage, 4 orders
−$633.8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$652.39
Costs to cover
6.528%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 41 min ago; Hyperliquid: live order book, 7 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, 41 min ago28.08 bp305.8 bp −$306doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago0.87 bp14.7 bp −$15doesn't fitdoesn'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 −0.1723% / S +0.0247%1h0.2864+0.072%$10K50xas long as short
Phoenix MET−0.0112%1h0.2861−0.024%$15K$13K5xas long as short
BloFin MET-USDT+0.0050%4h0.2865+0.105%$299K$83K50xas long as short
Hyperliquid METshort+0.0100%1h0.2867+0.164%$4.3M$1.3M3x
Aster METUSDT+0.0100%4h0.2866+0.150%$54K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2866+0.139%$5.1M$11.6M50xas long as short
Bybit METUSDT+0.0100%4h0.2863+0.035%$5.0M$3.0M25xas long as short
OKX MET-USDT-SWAP+0.0100%4h0.2866+0.140%$1.3M$3.5M20xas long as short
Gate MET_USDT+0.0100%4h0.28620.000%$193K$189K50xas long as short
MEXC MET_USDT+0.0100%4h0.2865+0.105%$1.0M$278K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin METUSDTM+0.0100%4h0.2865+0.105%$1.3M$2.5M50xas long as short
Bitget METUSDT+0.0100%4h0.2867+0.175%$690K$868K25xas long as short
ApeX Omni METUSDTlong+0.0100%1h0.2862long leg$37K$115K50x
SunX MET-USDT+0.0100%4h0.2863+0.035%$2K$1.6M20xas long as short
Lighter MET+0.0232%1h0.2872+0.360%$263K$250K5xas long as short
Backpack MET_USDC_PERP+0.0727%1h0.2869+0.238%$333K$258K5xas long as short