Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.004%

Price spread now: ApeX Omni against BloFin+0.145%7-day average −0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$674as in the Funding arb table

Net, price: spread back to 7d avg − costs−$655as in the Price arb table

costs, in and out, $10k−$6826.818% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)−2.484%−$248 · spread now +0.145%, 7d avg −0.127%

Together, before fees−2.409%−$241 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.271% dearer against BloFin than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of −0.127%): +$27 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MET-USDT	0.2767	0.0143	pay 0.0072% / 4h	1h 36m	$284K	$89K	50x
Short	ApeX Omni METUSDT	0.2771	0.0100	get 0.0013% / 1h	36m 19s	$35K	$117K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.145%Rate

Funding earned: −$9.1
Price spread: +0.145% → −0.127%: $27.11
Slippage, 4 orders: −$659.79
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$663.78
Costs to cover: 6.818%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; ApeX Omni: live order book, 24 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 BloFin live order book, 3 min ago	1.80 bp	19.4 bp −$19	69.0 bp −$690	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 24 min ago	37.89 bp	333.2 bp −$333	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 −0.0483% / S +0.0171%	1h	0.2781	+0.500%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2781	+0.492%	$168K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2780	+0.463%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2780	+0.480%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2781	+0.505%	$4.8M	$12.2M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2782	+0.531%	$4.8M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2785	+0.651%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2777	+0.361%	$179K	$174K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2781	+0.506%	$929K	$281K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2781	+0.506%	$1.3M	$2.6M	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	0.2783	+0.578%	$652K	$890K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2778	+0.405%	$313K	$311K	5x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2771	+0.145%	$35K	$117K	50x
SunX MET-USDT	+0.0100%	4h	0.2780	+0.470%	$2K	$1.6M	20x	as long as short
BloFin MET-USDTlong	+0.0143%	4h	0.2767	long leg	$284K	$89K	50x
Phoenix MET	+0.0173%	1h	0.2775	+0.300%	$14K	$15K	5x	as long as short