Funding arb · Price arb /

MET

all MET markets

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 MEXC−0.295%81s7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$706as 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−$7137.129% of the position

Long on MEXC 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)+0.526%+$53 · spread now −0.295%, 7d avg −0.114%

Together, before fees+0.594%+$59 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 0.181% cheaper against MEXC than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.114%. The two prices were read 81 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	MEXC MET_USDT	0.2714	0.0100	pay 0.0050% / 4h	50m 10s	$806K	$285K	20x
Short	ApeX Omni METUSDT	0.2706	0.0100	get 0.0013% / 1h	50m 10s	$34K	$120K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.295%Rate

Funding earned: $0
Price spread: −0.295% → −0.114%: −$18.07
Slippage, 4 orders: −$698.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$731
Costs to cover: 7.129%
Break-even: never at this rate

Slippage from MEXC: live order book, 56 min ago; ApeX Omni: live order book, 50 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 MEXC live order book, 56 min ago	1.84 bp	6.9 bp −$7	27.1 bp −$271	181.7 bp −$18.2K	609.6 bp −$304.8K
Sell ApeX Omni live order book, 50 min ago	38.68 bp	367.0 bp −$367	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 −0.0599% / S +0.0178%	1h	0.2713	−0.047%	$4K	—	50x	as long as short
Phoenix MET	−0.0059%	1h	0.2716	+0.070%	$13K	$14K	5x	as long as short
BloFin MET-USDT	+0.0049%	4h	0.2717	+0.111%	$271K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2723	+0.332%	$165K	$436K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2715	+0.041%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2714	+0.010%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2714	0.000%	$4.5M	$12.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2714	−0.004%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2716	+0.074%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2714	0.000%	$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_USDTlong	+0.0100%	4h	0.2714	long leg	$806K	$285K	20x
KuCoin METUSDTM	+0.0100%	4h	0.2716	+0.074%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2715	+0.037%	$675K	$962K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2716	+0.074%	$310K	$287K	5x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2706	−0.295%	$34K	$120K	50x
SunX MET-USDT	+0.0100%	4h	0.2713	−0.037%	$1K	$1.7M	20x	as long as short