Settings8H · net · $10k
Funding arb · Price arb /

MET

all MET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: ApeX Omni against Hyperliquid−0.155%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$619as in the Funding arb table
Net, price: spread back to 7d avg − costs−$626as in the Price arb table
costs, in and out, $10k−$6276.267% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.077%+$8 on $10k
Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.155%, 7d avg −0.158%
Together, before fees+0.089%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MET0.29020.0100pay 0.0013% / 1h49m 26s$3.8M$1.7M3x
ShortApeX Omni METUSDT0.28970.0100get 0.0013% / 1h49m 26s$38K$111K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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

Funding earned
$0
Price spread: −0.155% → −0.158%
$0.26
Slippage, 4 orders
−$607.73
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$626.47
Costs to cover
6.267%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; ApeX Omni: live order book, 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago0.86 bp14.6 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 54 min ago27.88 bp303.1 bp −$303doesn't fitdoesn't fitdoesn't fit

MET on 16 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix MET−0.0247%1h0.2910+0.307%$14K$12K5xas long as short
GMX MET/USD [WBTC.b-USDC]L −0.0031% / S +0.0151%1h0.2897−0.172%$9K50xas long as short
Lighter MET+0.0096%1h0.2893−0.293%$173K$427K5xas long as short
Hyperliquid METlong+0.0100%1h0.2902long leg$3.8M$1.7M3x
Aster METUSDT+0.0100%4h0.2898−0.116%$55K$17K5xas long as short
Binance METUSDT+0.0100%4h0.2899−0.071%$5.0M$12.7M50xas long as short
Bybit METUSDT+0.0100%4h0.2898−0.110%$5.0M$3.3M25xas long as short
OKX MET-USDT-SWAP+0.0100%4h0.2903+0.052%$1.3M$3.4M20xas long as short
Gate MET_USDT+0.0100%4h0.2897−0.155%$189K$173K50xas long as short
MEXC MET_USDT+0.0100%4h0.2898−0.121%$985K$327K20xas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin METUSDTM+0.0100%4h0.2901−0.017%$1.3M$2.7M50xas long as short
Bitget METUSDT+0.0100%4h0.2899−0.086%$704K$781K25xas long as short
ApeX Omni METUSDTshort+0.0100%1h0.2897−0.155%$38K$111K50x
SunX MET-USDT+0.0100%4h0.2912+0.362%$1K$1.5M20xas long as short
Backpack MET_USDC_PERP+0.0254%1h0.2898−0.128%$330K$239K5xas long as short
BloFin MET-USDT+0.0340%4h0.2902+0.017%$301K$130K50xas long as short