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 KuCoin−0.179%7-day average −0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$838as in the Funding arb table

Net, price: spread back to 7d avg − costs−$870as in the Price arb table

costs, in and out, $10k−$8678.666% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.179%, 7d avg −0.148%

Together, before fees+0.370%+$37 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 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METUSDTM	0.2790	0.0100	pay 0.0050% / 4h	1h 11m	$1.3M	$2.6M	50x
Short	ApeX Omni METUSDT	0.2785	0.0100	get 0.0013% / 1h	11m 18s	$36K	$117K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.148%: −$3.08
Slippage, 4 orders: −$844.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$869.72
Costs to cover: 8.666%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; ApeX Omni: live order book, 49 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 KuCoin live order book, 6 min ago	5.36 bp	100.9 bp −$101	409.3 bp −$4,093	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 49 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	0.2790	+0.009%	$4K	—	50x	as long as short
BloFin MET-USDT	+0.0057%	4h	0.2788	−0.072%	$286K	$90K	50x	as long as short
Bybit METUSDT	+0.0060%	4h	0.2790	0.000%	$4.8M	$3.2M	25x	as long as short
Lighter MET	+0.0096%	1h	0.2790	+0.007%	$169K	$423K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2789	−0.036%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2789	−0.023%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2790	−0.009%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2791	+0.036%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2788	−0.072%	$180K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2790	0.000%	$938K	$284K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMlong	+0.0100%	4h	0.2790	long leg	$1.3M	$2.6M	50x
Bitget METUSDT	+0.0100%	4h	0.2791	+0.036%	$654K	$888K	25x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2785	−0.179%	$36K	$117K	50x
SunX MET-USDT	+0.0100%	4h	0.2788	−0.072%	$2K	$1.6M	20x	as long as short
Phoenix MET	+0.0173%	1h	0.2791	+0.025%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0389%	1h	0.2789	−0.043%	$315K	$310K	5x	as long as short