Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC0.000%81s7-day average −0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$611as 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−$6206.201% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now 0.000%, 7d avg −0.112%

Together, before fees−0.037%−$4 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 0.112% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.112%. 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	MEXC MET_USDT	0.2846	0.0100	pay 0.0050% / 4h	3h 38m	$1.0M	$277K	20x
Short	ApeX Omni METUSDT	0.2846	0.0100	get 0.0013% / 1h	38m 16s	$36K	$116K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.112%: $11.21
Slippage, 4 orders: −$606.11
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$608.9
Costs to cover: 6.201%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; ApeX Omni: live order book, 32 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 MEXC live order book, 3 min ago	3.51 bp	11.1 bp −$11	39.5 bp −$395	240.7 bp −$24.1K	783.3 bp −$391.6K
Sell ApeX Omni live order book, 32 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	0.2845	−0.020%	$10K	—	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2848	+0.077%	$4.2M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2847	+0.036%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2846	0.000%	$5.0M	$11.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2843	−0.098%	$4.9M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2846	0.000%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2847	+0.035%	$193K	$185K	50x	as long as short
MEXC MET_USDTlong	+0.0100%	4h	0.2846	long leg	$1.0M	$277K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2847	+0.035%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2848	+0.070%	$683K	$880K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni METUSDTshort	+0.0100%	1h	0.2846	0.000%	$36K	$116K	50x
SunX MET-USDT	+0.0100%	4h	0.2846	0.000%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0127%	4h	0.2854	+0.281%	$294K	$88K	50x	as long as short
Phoenix MET	+0.0197%	1h	0.2853	+0.246%	$15K	$15K	5x	as long as short
Lighter MET	+0.0568%	1h	0.2853	+0.264%	$256K	$278K	5x	as long as short
Backpack MET_USDC_PERP	+0.0571%	1h	0.2849	+0.095%	$333K	$264K	5x	as long as short