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: ApeX Omni against Gate−0.246%81s7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$714as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7167.161% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.147%+$15 · spread now −0.246%, 7d avg −0.121%

Together, before fees+0.163%+$16 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 0.124% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.121%. The two prices were read 81 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	Gate MET_USDT	0.2850	0.0100	pay 0.0050% / 4h	8m 02s	$193K	$190K	50x
Short	ApeX Omni METUSDT	0.2843	0.0100	get 0.0013% / 1h	8m 02s	$36K	$116K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.246%Rate

Funding earned: $0
Price spread: −0.246% → −0.121%: −$12.44
Slippage, 4 orders: −$691.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$728.54
Costs to cover: 7.161%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; ApeX Omni: live order book, 2 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 Gate live order book, 63 min ago	7.01 bp	61.7 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	28.08 bp	297.5 bp −$298	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	0.2848	−0.087%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2848	−0.070%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0098%	4h	0.2851	+0.035%	$295K	$83K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2850	−0.004%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2850	−0.001%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2849	−0.035%	$5.0M	$11.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2847	−0.091%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2851	+0.035%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2850	long leg	$193K	$190K	50x
MEXC MET_USDT	+0.0100%	4h	0.2848	−0.070%	$1.0M	$280K	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	0.2850	0.000%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2851	+0.035%	$685K	$873K	25x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2843	−0.246%	$36K	$116K	50x
SunX MET-USDT	+0.0100%	4h	0.2848	−0.070%	$1K	$1.6M	20x	as long as short
Lighter MET	+0.0216%	1h	0.2854	+0.133%	$249K	$268K	5x	as long as short
Backpack MET_USDC_PERP	+0.0480%	1h	0.2852	+0.053%	$332K	$262K	5x	as long as short