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: ApeX Omni against Bitget−0.179%83s7-day average −0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$688as 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−$6946.938% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.179%, 7d avg −0.149%

Together, before fees+0.136%+$14 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 0.031% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.149%. The two prices were read 83 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	Bitget METUSDT	0.2787	0.0100	pay 0.0050% / 4h	24m 09s	$652K	$866K	25x
Short	ApeX Omni METUSDT	0.2782	0.0100	get 0.0013% / 1h	24m 09s	$36K	$118K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.149%: −$3.09
Slippage, 4 orders: −$671.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$696.9
Costs to cover: 6.938%
Break-even: never at this rate

Slippage from Bitget: live order book, 32 min ago; ApeX Omni: live order book, 31 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 Bitget live order book, 32 min ago	7.18 bp	24.6 bp −$25	117.3 bp −$1,173	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 31 min ago	30.60 bp	313.1 bp −$313	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	0.2784	−0.099%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2786	−0.029%	$14K	$15K	5x	as long as short
Bybit METUSDT	+0.0074%	4h	0.2784	−0.104%	$4.8M	$3.1M	25x	as long as short
Lighter MET	+0.0096%	1h	0.2784	−0.093%	$168K	$425K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2785	−0.072%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2785	−0.077%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2784	−0.091%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2784	−0.108%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2784	−0.108%	$178K	$172K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2784	−0.108%	$936K	$281K	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	0.2786	−0.036%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDTlong	+0.0100%	4h	0.2787	long leg	$652K	$866K	25x
Backpack MET_USDC_PERP	+0.0100%	1h	0.2786	−0.022%	$317K	$309K	5x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2782	−0.179%	$36K	$118K	50x
SunX MET-USDT	+0.0100%	4h	0.2785	−0.072%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0154%	4h	0.2785	−0.072%	$284K	$89K	50x	as long as short