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: Binance against ApeX Omni+0.318%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$700as in the Funding arb table

Net, price: spread back to 7d avg − costs−$669as in the Price arb table

costs, in and out, $10k−$6916.910% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.553%−$55 · spread now +0.318%, 7d avg +0.094%

Together, before fees−0.642%−$64 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: Binance is 0.224% dearer against ApeX Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METUSDT	0.2771	0.0100	pay 0.0013% / 1h	53m 00s	$35K	$117K	50x
Short	Binance METUSDT	0.2780	0.0100	get 0.0050% / 4h	1h 53m	$4.8M	$12.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.318%Rate

Funding earned: $0
Price spread: +0.318% → +0.094%: $22.42
Slippage, 4 orders: −$670.97
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$668.55
Costs to cover: 6.910%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 8 min ago; Binance: 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 ApeX Omni live order book, 8 min ago	37.89 bp	318.2 bp −$318	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.80 bp	21.9 bp −$22	87.5 bp −$875	doesn't fit	doesn't fit

MET on 15 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	0.2779	+0.285%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2779	+0.289%	$168K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2779	+0.289%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2780	+0.317%	$52K	$11K	5x	as long as short
Binance METUSDTshort	+0.0100%	4h	0.2780	+0.318%	$4.8M	$12.2M	50x
Bybit METUSDT	+0.0100%	4h	0.2777	+0.209%	$4.8M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2781	+0.361%	$1.2M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2775	+0.144%	$180K	$174K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2778	+0.253%	$929K	$280K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2778	+0.253%	$1.3M	$2.6M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2780	+0.325%	$652K	$888K	25x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2771	long leg	$35K	$117K	50x
SunX MET-USDT	+0.0100%	4h	0.2776	+0.180%	$2K	$1.6M	20x	as long as short
Phoenix MET	+0.0173%	1h	0.2782	+0.404%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0190%	1h	0.2780	+0.339%	$316K	$254K	5x	as long as short