Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni+0.184%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$720as in the Funding arb table

Net, price: spread back to 7d avg − costs−$705as in the Price arb table

costs, in and out, $10k−$7137.129% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.184%, 7d avg +0.109%

Together, before fees−0.125%−$12 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: MEXC is 0.075% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METUSDT	0.2720	0.0100	pay 0.0013% / 1h	6m 54s	$34K	$120K	50x
Short	MEXC MET_USDT	0.2725	0.0100	get 0.0050% / 4h	1h 06m	$844K	$293K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.184%Rate

Funding earned: $0
Price spread: +0.184% → +0.109%: $7.49
Slippage, 4 orders: −$698.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$705.44
Costs to cover: 7.129%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 34 min ago; MEXC: live order book, 39 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, 34 min ago	38.68 bp	330.6 bp −$331	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 39 min ago	1.84 bp	8.4 bp −$8	27.3 bp −$273	182.5 bp −$18.3K	622.0 bp −$311.0K

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 −0.0599% / S +0.0178%	1h	0.2729	+0.325%	$4K	—	50x	as long as short
Phoenix MET	−0.0029%	1h	0.2724	+0.140%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0076%	4h	0.2724	+0.147%	$273K	$91K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2733	+0.467%	$165K	$438K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2729	+0.324%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2728	+0.286%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2728	+0.299%	$4.6M	$12.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2725	+0.176%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2731	+0.404%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2724	+0.147%	$170K	$195K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDTshort	+0.0100%	4h	0.2725	+0.184%	$844K	$293K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2726	+0.221%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2729	+0.331%	$667K	$958K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2730	+0.382%	$308K	$276K	5x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2720	long leg	$34K	$120K	50x
SunX MET-USDT	+0.0100%	4h	0.2729	+0.331%	$2K	$1.6M	20x	as long as short