Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX+0.216%73s7-day average −0.147% · you sell dearer than you buy

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)−2.403%−$240 · spread now +0.216%, 7d avg −0.147%

Together, before fees−2.403%−$240 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 0.363% dearer against SunX than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of −0.147%. 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	0.2776	0.0100	pay 0.0050% / 4h	1h 06m	$2K	$1.6M	20x
Short	ApeX Omni METUSDT	0.2782	0.0100	get 0.0013% / 1h	6m 03s	$36K	$118K	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 +0.216%Rate

Funding earned: $0
Price spread: +0.216% → −0.147%: $36.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $18.28
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 9 min ago; ApeX Omni: live order book, 55 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, 9 min ago	501.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 55 min ago	37.89 bp	333.2 bp −$333	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 +0.0206%	1h	0.2778	+0.064%	$4K	—	50x	as long as short
Bybit METUSDT	+0.0043%	4h	0.2774	−0.072%	$4.8M	$3.2M	25x	as long as short
Lighter MET	+0.0096%	1h	0.2779	+0.104%	$168K	$424K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2777	+0.022%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2779	+0.121%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2776	0.000%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2778	+0.072%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2779	+0.108%	$179K	$175K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2779	+0.108%	$934K	$285K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2779	+0.108%	$1.3M	$2.6M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2780	+0.144%	$651K	$878K	25x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2782	+0.216%	$36K	$118K	50x
SunX MET-USDTlong	+0.0100%	4h	0.2776	long leg	$2K	$1.6M	20x
BloFin MET-USDT	+0.0109%	4h	0.2782	+0.216%	$285K	$89K	50x	as long as short
Phoenix MET	+0.0173%	1h	0.2787	+0.414%	$14K	$15K	5x	as long as short
Backpack MET_USDC_PERP	+0.0373%	1h	0.2778	+0.065%	$315K	$310K	5x	as long as short