Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni−0.182%53s7-day average +0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$690as 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−$6846.840% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.182%, 7d avg +0.149%

Together, before fees+0.285%+$29 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: Bitget is 0.332% cheaper against ApeX Omni than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.149%. The two prices were read 53 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	ApeX Omni METUSDT	0.2740	0.0100	pay 0.0013% / 1h	54m 48s	$34K	$120K	50x
Short	Bitget METUSDT	0.2735	0.0100	get 0.0050% / 4h	1h 54m	$687K	$961K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.182%Rate

Funding earned: $0
Price spread: −0.182% → +0.149%: −$33.18
Slippage, 4 orders: −$661.96
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$717.14
Costs to cover: 6.840%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 min ago; Bitget: live order book, 51 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, 51 min ago	18.27 bp	301.6 bp −$302	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 51 min ago	7.28 bp	32.7 bp −$33	130.2 bp −$1,302	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 −0.0738% / S +0.0214%	1h	0.2731	−0.324%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2744	+0.131%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2736	−0.142%	$168K	$427K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2727	−0.464%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2730	−0.363%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2728	−0.438%	$4.6M	$12.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2727	−0.485%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2728	−0.438%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2733	−0.255%	$171K	$194K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2728	−0.438%	$840K	$289K	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	0.2730	−0.365%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDTshort	+0.0100%	4h	0.2735	−0.182%	$687K	$961K	25x
Backpack MET_USDC_PERP	+0.0100%	1h	0.2732	−0.277%	$308K	$281K	5x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2740	long leg	$34K	$120K	50x
SunX MET-USDT	+0.0100%	4h	0.2731	−0.328%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0138%	4h	0.2732	−0.292%	$273K	$93K	50x	as long as short