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: ApeX Omni against Binance+0.440%49s7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$651as 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−$6586.582% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.532%−$53 · spread now +0.440%, 7d avg −0.096%

Together, before fees−0.464%−$46 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: ApeX Omni is 0.536% dearer against Binance than usual: you sell high and buy low, +$54 on $10k if it goes back to its 7-day average of −0.096%. The two prices were read 49 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	Binance METUSDT	0.2728	0.0100	pay 0.0050% / 4h	1h 54m	$4.6M	$12.7M	50x
Short	ApeX Omni METUSDT	0.2740	0.0100	get 0.0013% / 1h	54m 40s	$34K	$120K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.440%Rate

Funding earned: $0
Price spread: +0.440% → −0.096%: $53.57
Slippage, 4 orders: −$638.22
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$604.65
Costs to cover: 6.582%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; ApeX Omni: 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 Binance live order book, 15 min ago	1.82 bp	13.5 bp −$14	84.9 bp −$849	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	18.27 bp	324.9 bp −$325	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 −0.0738% / S +0.0214%	1h	0.2731	+0.114%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2744	+0.572%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2736	+0.297%	$168K	$427K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2727	−0.026%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2730	+0.075%	$51K	$11K	5x	as long as short
Binance METUSDTlong	+0.0100%	4h	0.2728	long leg	$4.6M	$12.7M	50x
Bybit METUSDT	+0.0100%	4h	0.2727	−0.048%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2728	0.000%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2733	+0.183%	$171K	$194K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2728	0.000%	$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	+0.073%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2735	+0.257%	$687K	$961K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2732	+0.161%	$308K	$281K	5x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2740	+0.440%	$34K	$120K	50x
SunX MET-USDT	+0.0100%	4h	0.2731	+0.110%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0138%	4h	0.2732	+0.147%	$273K	$93K	50x	as long as short