MET

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1373%/8h= +150.4% APRnext payment +$1.72 per $10,000 · paid last 24h +0.092%

Price spread now: Backpack against GMX+0.070%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Backpack is 0.070% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MET/USD [WBTC.b-USDC]	0.2822	L −0.1030% / S +0.0174%	get 0.0129% / 1h	40m 12s	$9K	—	50x
Short	Backpack MET_USDC_PERP	0.2824	0.0343	get 0.0043% / 1h	40m 12s	$330K	$252K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.070%Rate

Funding earned: $288.37
Price spread: +0.070% → 0.000%: $6.98
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $273.35
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 48 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 48 min ago	2.29 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit

GMX: 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]long	L −0.1030% / S +0.0174%	1h	0.2822	long leg	$9K	—	50x
Phoenix MET	−0.0197%	1h	0.2826	+0.137%	$14K	$13K	5x	as long as short
BloFin MET-USDT	+0.0093%	4h	0.2820	−0.058%	$293K	$81K	50x	as long as short
Lighter MET	+0.0096%	1h	0.2827	+0.173%	$261K	$243K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2823	+0.036%	$4.3M	$1.2M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2825	+0.110%	$52K	$10K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2821	−0.014%	$4.9M	$11.0M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2820	−0.058%	$4.9M	$2.8M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2823	+0.049%	$1.3M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2820	−0.058%	$193K	$194K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2822	+0.013%	$929K	$259K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2822	+0.013%	$1.3M	$2.4M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2822	+0.013%	$663K	$845K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2815	−0.235%	$37K	$110K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2821	−0.022%	$2K	$1.6M	20x	as long as short
Backpack MET_USDC_PERPshort	+0.0343%	1h	0.2824	+0.070%	$330K	$252K	5x