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: OKX against ApeX Omni−0.072%70s7-day average +0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$705as 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−$7017.008% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.072%, 7d avg +0.107%

Together, before fees+0.011%+$1 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: OKX is 0.179% cheaper against ApeX Omni than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.107%. The two prices were read 70 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	0.2788	0.0100	pay 0.0013% / 1h	28m 17s	$36K	$117K	50x
Short	OKX MET-USDT-SWAP	0.2786	0.0100	get 0.0050% / 4h	1h 28m	$1.2M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → +0.107%: −$17.86
Slippage, 4 orders: −$680.75
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$718.61
Costs to cover: 7.008%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; OKX: live order book, 4 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, 32 min ago	37.89 bp	318.2 bp −$318	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	5.38 bp	25.4 bp −$25	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 −0.0574% / S +0.0199%	1h	0.2786	−0.067%	$4K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2788	+0.014%	$169K	$422K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2786	−0.072%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2791	+0.111%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2786	−0.076%	$4.8M	$12.2M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2786	−0.079%	$4.8M	$3.2M	25x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2786	−0.072%	$1.2M	$3.4M	20x
Gate MET_USDT	+0.0100%	4h	0.2787	−0.036%	$180K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2786	−0.072%	$929K	$283K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2790	+0.072%	$1.3M	$2.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2788	0.000%	$653K	$889K	25x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2788	long leg	$36K	$117K	50x
SunX MET-USDT	+0.0100%	4h	0.2786	−0.072%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0132%	4h	0.2785	−0.108%	$284K	$89K	50x	as long as short
Phoenix MET	+0.0173%	1h	0.2789	+0.022%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0228%	1h	0.2787	−0.032%	$314K	$311K	5x	as long as short