Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni−0.036%7-day average +0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$736as in the Funding arb table

Net, price: spread back to 7d avg − costs−$749as in the Price arb table

costs, in and out, $10k−$7347.343% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.036%, 7d avg +0.113%

Together, before fees+0.044%+$4 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: Gate is 0.149% cheaper against ApeX Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METUSDT	0.2782	0.0100	pay 0.0013% / 1h	20m 56s	$36K	$118K	50x
Short	Gate MET_USDT	0.2781	0.0100	get 0.0050% / 4h	20m 56s	$178K	$172K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.113%: −$14.94
Slippage, 4 orders: −$709.32
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$749.27
Costs to cover: 7.343%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 35 min ago; Gate: live order book, 30 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 ApeX Omni live order book, 35 min ago	30.60 bp	327.9 bp −$328	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 30 min ago	7.19 bp	48.4 bp −$48	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 −0.0498% / S +0.0175%	1h	0.2780	−0.086%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2782	+0.014%	$14K	$15K	5x	as long as short
Bybit METUSDT	+0.0023%	4h	0.2780	−0.072%	$4.8M	$3.1M	25x	as long as short
BloFin MET-USDT	+0.0068%	4h	0.2784	+0.072%	$284K	$89K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2780	−0.072%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2782	+0.004%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2781	−0.049%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2781	−0.048%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2783	+0.036%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	0.2781	−0.036%	$178K	$172K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2781	−0.036%	$934K	$281K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2783	+0.036%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2785	+0.108%	$651K	$866K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2783	+0.029%	$317K	$307K	5x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2782	long leg	$36K	$118K	50x
SunX MET-USDT	+0.0100%	4h	0.2779	−0.108%	$2K	$1.6M	20x	as long as short