MET

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.036%

Price spread now: Lighter against ApeX Omni+0.934%7-day average +0.279% · you sell dearer than you buy

Net, funding: paid 7d − costs−$641as in the Funding arb table

Net, price: spread back to 7d avg − costs−$576as in the Price arb table

costs, in and out, $10k−$6416.414% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−1.061%−$106 · spread now +0.934%, 7d avg +0.279%

Together, before fees−1.052%+ Points / potential airdropLighter: Season 3 · farm board−$105 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: Lighter is 0.655% dearer against ApeX Omni than usual: you sell high and buy low, +$65 on $10k if it goes back to its 7-day average of +0.279%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METUSDT	0.2783	0.0100	pay 0.0013% / 1h	25m 00s	$36K	$117K	50x
Short	Lighter MET	0.2809	0.0096	get 0.0012% / 1h	25m 00s	$169K	$419K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.934%Rate

Funding earned: −$0.84
Price spread: +0.934% → +0.279%: $65.49
Slippage, 4 orders: −$631.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$576.76
Costs to cover: 6.414%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 41 min ago; Lighter: live order book, 25 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, 41 min ago	28.27 bp	276.0 bp −$276	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 25 min ago	6.94 bp	9.4 bp −$9	177.4 bp −$1,774	doesn't fit	doesn't fit

MET on 15 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 −0.1415% / S +0.0215%	1h	0.2809	+0.945%	$9K	—	50x	as long as short
Phoenix MET	0.0000%	1h	0.2785	+0.075%	$14K	$15K	5x	as long as short
Lighter METshort	+0.0096%	1h	0.2809	+0.934%	$169K	$419K	5x
Hyperliquid MET	+0.0100%	1h	0.2802	+0.701%	$3.9M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2805	+0.776%	$53K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2801	+0.630%	$4.8M	$12.1M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2802	+0.690%	$4.9M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2800	+0.611%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2806	+0.826%	$181K	$182K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2802	+0.683%	$930K	$285K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2803	+0.719%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2803	+0.719%	$656K	$894K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2805	+0.791%	$318K	$282K	5x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2783	long leg	$36K	$117K	50x
SunX MET-USDT	+0.0100%	4h	0.2810	+0.970%	$2K	$1.6M	20x	as long as short