MET

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.126%

Price spread now: ApeX Omni against Phoenix−0.253%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.253% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.253% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 6.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MET	0.2728	−0.0029	get 0.0004% / 1h	1m 47s	$13K	$14K	5x
Short	ApeX Omni METUSDT	0.2721	0.0100	get 0.0013% / 1h	1m 47s	$34K	$120K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.253%Rate

Funding earned: $27.12
Price spread: −0.253% → 0.000%: −$25.29
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$15.18
Costs to cover: 0.170%
Break-even: 10.9 days

Slippage unknown: Phoenix: no order-book sample; ApeX Omni: live order book, 39 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 Phoenix no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 39 min ago	38.68 bp	367.0 bp −$367	doesn't fit	doesn't fit	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.559%	$4K	—	50x	as long as short
Phoenix METlong	−0.0029%	1h	0.2728	long leg	$13K	$14K	5x
Lighter MET	+0.0096%	1h	0.2720	−0.290%	$165K	$438K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2713	−0.557%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2712	−0.568%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2712	−0.570%	$4.6M	$12.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2712	−0.583%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2714	−0.510%	$1.1M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2713	−0.546%	$170K	$195K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2712	−0.583%	$840K	$293K	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	0.2714	−0.510%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2715	−0.473%	$664K	$958K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2715	−0.484%	$307K	$275K	5x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2721	−0.253%	$34K	$120K	50x
SunX MET-USDT	+0.0100%	4h	0.2714	−0.510%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0146%	4h	0.2726	−0.070%	$272K	$91K	50x	as long as short