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: SunX against ApeX Omni−0.450%47s7-day average +0.154% · you buy dearer than you sell

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

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+1.280%+$128 · spread now −0.450%, 7d avg +0.154%

Together, before fees+1.280%+$128 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: SunX is 0.604% cheaper against ApeX Omni than usual: you would sell low and buy high, −$60 on $10k if it goes back to its 7-day average of +0.154%. The two prices were read 47 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	0.2890	0.0100	pay 0.0013% / 1h	51m 27s	$37K	$112K	50x
Short	SunX MET-USDT	0.2877	0.0100	get 0.0050% / 4h	51m 27s	$2K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.450%Rate

Funding earned: $0
Price spread: −0.450% → +0.154%: −$60.43
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$78.43
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 24 min ago; SunX: live order book, 4 min ago. 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, 24 min ago	28.08 bp	305.8 bp −$306	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	502.43 bp	doesn't fit	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	0.2890	+0.012%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2885	−0.166%	$14K	$13K	5x	as long as short
BloFin MET-USDT	+0.0044%	4h	0.2884	−0.208%	$296K	$80K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2893	+0.097%	$4.4M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2893	+0.118%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2895	+0.163%	$5.1M	$11.4M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2891	+0.048%	$5.0M	$2.9M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2895	+0.173%	$1.3M	$3.5M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2890	0.000%	$195K	$187K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2893	+0.104%	$1.0M	$275K	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	0.2891	+0.035%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2896	+0.208%	$689K	$857K	25x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2890	long leg	$37K	$112K	50x
SunX MET-USDTshort	+0.0100%	4h	0.2877	−0.450%	$2K	$1.6M	20x
Lighter MET	+0.0152%	1h	0.2892	+0.080%	$267K	$248K	5x	as long as short
Backpack MET_USDC_PERP	+0.1560%	1h	0.2882	−0.284%	$334K	$257K	5x	as long as short