MET

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0214%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h −0.177%

Price spread now: Phoenix against ApeX Omni+0.049%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.049% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 18 hours.

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	22m 06s	$36K	$111K	50x
Short	Phoenix MET	0.2844	−0.0114	pay 0.0014% / 1h	22m 06s	$14K	$13K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$44.93
Price spread: +0.049% → 0.000%: $4.92
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$57
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 58 min ago; Phoenix: no order-book sample. Net counts fees only.

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, 58 min ago	37.07 bp	325.6 bp −$326	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2854	+0.384%	$10K	—	50x	as long as short
Phoenix METshort	−0.0114%	1h	0.2844	+0.049%	$14K	$13K	5x
Hyperliquid MET	+0.0100%	1h	0.2856	+0.454%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2854	+0.387%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2854	+0.378%	$5.0M	$11.2M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2852	+0.317%	$4.9M	$2.9M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2854	+0.387%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2854	+0.387%	$193K	$188K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2853	+0.352%	$970K	$270K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2854	+0.387%	$1.3M	$2.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2855	+0.422%	$677K	$854K	25x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2843	long leg	$36K	$111K	50x
SunX MET-USDT	+0.0100%	4h	0.2854	+0.387%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0112%	4h	0.2854	+0.387%	$293K	$79K	50x	as long as short
Lighter MET	+0.0160%	1h	0.2863	+0.721%	$265K	$247K	5x	as long as short
Backpack MET_USDC_PERP	+0.0548%	1h	0.2856	+0.461%	$332K	$257K	5x	as long as short