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 SunX−0.662%73s7-day average −0.146% · you buy dearer than you sell

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

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.662%, 7d avg −0.146%

Together, before fees+0.227%+$23 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 0.516% cheaper against SunX than usual: you would sell low and buy high, −$52 on $10k if it goes back to its 7-day average of −0.146%. The two prices were read 73 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	SunX MET-USDT	0.2720	0.0100	pay 0.0050% / 4h	51m 54s	$2K	$1.7M	20x
Short	ApeX Omni METUSDT	0.2702	0.0100	get 0.0013% / 1h	51m 54s	$33K	$120K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.662%Rate

Funding earned: $0
Price spread: −0.662% → −0.146%: −$51.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$69.59
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; ApeX Omni: live order book, 49 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 SunX live order book, 3 min ago	501.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 49 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	0.2719	−0.036%	$4K	—	50x	as long as short
Phoenix MET	−0.0059%	1h	0.2704	−0.588%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2727	+0.257%	$165K	$436K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2721	+0.033%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2721	+0.023%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2720	+0.010%	$4.6M	$12.9M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2720	−0.015%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2722	+0.074%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2716	−0.147%	$170K	$190K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2721	+0.037%	$808K	$285K	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	0.2719	−0.037%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2720	0.000%	$676K	$971K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2723	+0.099%	$311K	$287K	5x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2702	−0.662%	$33K	$120K	50x
SunX MET-USDTlong	+0.0100%	4h	0.2720	long leg	$2K	$1.7M	20x
BloFin MET-USDT	+0.0132%	4h	0.2713	−0.257%	$271K	$89K	50x	as long as short