Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bybit−0.082%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$716as in the Funding arb table

Net, price: spread back to 7d avg − costs−$727as in the Price arb table

costs, in and out, $10k−$7317.314% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.082%, 7d avg −0.128%

Together, before fees+0.186%+$19 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: ApeX Omni is 0.046% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METUSDT	0.2791	0.0100	pay 0.0050% / 4h	1h 14m	$4.8M	$3.2M	25x
Short	ApeX Omni METUSDT	0.2789	0.0100	get 0.0013% / 1h	14m 47s	$36K	$117K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → −0.128%: $4.59
Slippage, 4 orders: −$710.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$726.84
Costs to cover: 7.314%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 46 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 Bybit live order book, 3 min ago	1.79 bp	39.6 bp −$40	275.2 bp −$2,752	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 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 −0.0599% / S +0.0206%	1h	0.2791	−0.019%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2791	−0.014%	$169K	$423K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2789	−0.079%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2792	+0.015%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2790	−0.064%	$4.8M	$12.2M	50x	as long as short
Bybit METUSDTlong	+0.0100%	4h	0.2791	long leg	$4.8M	$3.2M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2791	−0.011%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2793	+0.061%	$180K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2790	−0.047%	$939K	$284K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2794	+0.097%	$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	0.2794	+0.097%	$654K	$888K	25x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2789	−0.082%	$36K	$117K	50x
SunX MET-USDT	+0.0100%	4h	0.2790	−0.047%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0114%	4h	0.2791	−0.011%	$285K	$90K	50x	as long as short
Phoenix MET	+0.0173%	1h	0.2804	+0.451%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0399%	1h	0.2792	+0.018%	$315K	$310K	5x	as long as short