Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Aster−0.678%109s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.678% cheaper against Aster than usual: you would sell low and buy high, −$68 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 109 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	Aster METUSDT	0.2720	0.0100	pay 0.0050% / 4h	17m 42s	$51K	$11K	5x
Short	ApeX Omni METUSDT	0.2702	0.0100	get 0.0013% / 1h	17m 42s	$33K	$119K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.678%Rate

Funding earned: $0
Price spread: −0.678% → 0.000%: −$67.81
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$85.81
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; ApeX Omni: live order book, 18 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 18 min ago	20.38 bp	328.5 bp −$329	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2721	+0.011%	$4K	—	50x	as long as short
Phoenix MET	−0.0059%	1h	0.2712	−0.311%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0077%	4h	0.2713	−0.274%	$270K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2728	+0.296%	$166K	$438K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2719	−0.053%	$3.6M	$1.9M	3x	as long as short
Aster METUSDTlong	+0.0100%	4h	0.2720	long leg	$51K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2718	−0.081%	$4.5M	$12.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2721	+0.002%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2719	−0.053%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2720	−0.016%	$170K	$190K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2719	−0.053%	$836K	$292K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2720	−0.016%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2722	+0.057%	$675K	$963K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2722	+0.064%	$311K	$254K	5x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2702	−0.678%	$33K	$119K	50x
SunX MET-USDT	+0.0100%	4h	0.2720	−0.016%	$2K	$1.6M	20x	as long as short