Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.294%111s7-day average −0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$729as 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−$7317.308% of the position

Long on Gate Short on ApeX Omni

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)−0.393%−$39 · spread now +0.294%, 7d avg −0.113%

Together, before fees−0.376%−$38 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 0.407% dearer against Gate than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.113%. The two prices were read 111 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	Gate MET_USDT	0.2724	0.0100	pay 0.0050% / 4h	2h 31m	$179K	$187K	50x
Short	ApeX Omni METUSDT	0.2732	0.0100	get 0.0013% / 1h	31m 36s	$34K	$119K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.294%Rate

Funding earned: $0
Price spread: +0.294% → −0.113%: $40.66
Slippage, 4 orders: −$705.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$690.16
Costs to cover: 7.308%
Break-even: never at this rate

Slippage from Gate: live order book, 9 min ago; ApeX Omni: live order book, 14 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 Gate live order book, 9 min ago	3.67 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 14 min ago	18.27 bp	324.9 bp −$325	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 −0.0720% / S +0.0210%	1h	0.2723	−0.025%	$4K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2721	−0.128%	$13K	$14K	5x	as long as short
Lighter MET	+0.0096%	1h	0.2723	−0.022%	$166K	$424K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2722	−0.066%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2726	+0.057%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2723	−0.037%	$4.6M	$12.4M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2722	−0.073%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2725	+0.037%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDTlong	+0.0100%	4h	0.2724	long leg	$179K	$187K	50x
MEXC MET_USDT	+0.0100%	4h	0.2722	−0.073%	$911K	$280K	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	0.2724	0.000%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2725	+0.037%	$672K	$950K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2725	+0.044%	$309K	$279K	5x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2732	+0.294%	$34K	$119K	50x
SunX MET-USDT	+0.0100%	4h	0.2726	+0.073%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0104%	4h	0.2735	+0.404%	$277K	$93K	50x	as long as short