data as of
Settings8H · net · $10k
Funding arb /

MET

all MET markets
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Funding spread now, next payment 17:00 UTC+0.1698%/8h
next payment, per $10,000+$2.12paid, last 24h−0.045%paid, last 3 days−0.138%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid -0.138% in total (about -17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX MET/USD [WBTC.b-USDC]0.2757L −0.1598% / S +0.0234%get 0.0200% / 1h55m 04s$9K50x
ShortApeX Omni METUSDT0.27610.0100get 0.0013% / 1h55m 04s$35K$119K50x

Funding history

latest
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Funding on every exchange

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Profit calculator

Funding earned
$356.65
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$334.65
Break-even
0.4 days
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 30 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.144%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell ApeX Omni live order book, 30 min ago40.22 bp339.2 bp −$339doesn't fitdoesn't fitdoesn't fit
GMX: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX MET/USD [WBTC.b-USDC]longL −0.1598% / S +0.0234%1h$9K50x
Phoenix MET−0.0202%1h$14K$16K5xas long as short
Hyperliquid MET+0.0100%1h$4.1M$1.1M3xas long as short
Aster METUSDT+0.0100%4h$51K$9K5xas long as short
Binance METUSDT+0.0100%4h$4.7M$10.4M50xas long as short
Bybit METUSDT+0.0100%4h$4.7M$3.0M25xas long as short
OKX MET-USDT-SWAP+0.0100%4h$1.1M$3.1M20xas long as short
Gate MET_USDT+0.0100%4h$188K$238K50xas long as short
MEXC MET_USDT+0.0100%4h$941K$222K20xas long as short
KuCoin METUSDTM+0.0100%4h$1.3M$2.5M50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget METUSDT+0.0100%4h$649K$930K25xas long as short
Backpack MET_USDC_PERP+0.0100%1h$321K$262K5xas long as short
ApeX Omni METUSDTshort+0.0100%1h$35K$119K50x
SunX MET-USDT+0.0100%4h$2K$1.5M20xas long as short
BloFin MET-USDT+0.0129%4h$277K$81K50xas long as short
Lighter MET+0.0224%1h$284K$252K5xas long as short