Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni+0.207%69s7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$772as 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−$7577.571% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.207%, 7d avg +0.137%

Together, before fees−0.269%−$27 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: Bybit is 0.070% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.137%. The two prices were read 69 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	0.2801	0.0100	pay 0.0013% / 1h	0m 19s	$37K	$110K	50x
Short	Bybit METUSDT	0.2807	0.0100	get 0.0050% / 4h	2h 00m	$4.9M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.207%Rate

Funding earned: $0
Price spread: +0.207% → +0.137%: $7.03
Slippage, 4 orders: −$736.05
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$750.03
Costs to cover: 7.571%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 20 min ago; Bybit: 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, 20 min ago	37.07 bp	325.6 bp −$326	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.78 bp	47.6 bp −$48	190.7 bp −$1,907	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 −0.1495% / S +0.0223%	1h	0.2810	+0.304%	$9K	—	50x	as long as short
Phoenix MET	−0.0197%	1h	0.2808	+0.246%	$14K	$13K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2813	+0.436%	$259K	$244K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2811	+0.368%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2810	+0.333%	$52K	$10K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2809	+0.276%	$4.9M	$11.0M	50x	as long as short
Bybit METUSDTshort	+0.0100%	4h	0.2807	+0.207%	$4.9M	$2.9M	25x
OKX MET-USDT-SWAP	+0.0100%	4h	0.2809	+0.286%	$1.3M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2807	+0.214%	$191K	$195K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2808	+0.250%	$925K	$265K	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	0.2808	+0.250%	$1.3M	$2.4M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2810	+0.321%	$660K	$845K	25x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2801	long leg	$37K	$110K	50x
SunX MET-USDT	+0.0100%	4h	0.2810	+0.321%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0160%	4h	0.2808	+0.250%	$290K	$78K	50x	as long as short
Backpack MET_USDC_PERP	+0.0349%	1h	0.2811	+0.357%	$328K	$251K	5x	as long as short