MET

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1611%/8h= +176.4% APRnext payment +$2.01 per $10,000 · paid last 24h −0.094%

Price spread now: Phoenix against GMX+0.181%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 Phoenix

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 +$48 a day on $10k at the current rate, and Phoenix is 0.181% dearer against GMX than usual: you sell high and buy low: +$18 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]	0.2846	L −0.1723% / S +0.0247%	get 0.0215% / 1h	5m 10s	$10K	—	50x
Short	Phoenix MET	0.2851	−0.0112	pay 0.0014% / 1h	5m 10s	$15K	$13K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.181%Rate

Funding earned: $338.26
Price spread: +0.181% → 0.000%: $18.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $337.39
Costs to cover: 0.190%
Break-even: 0.0 days

Slippage unknown: GMX: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

GMX and 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]long	L −0.1723% / S +0.0247%	1h	0.2846	long leg	$10K	—	50x
Phoenix METshort	−0.0112%	1h	0.2851	+0.181%	$15K	$13K	5x
Hyperliquid MET	+0.0100%	1h	0.2848	+0.072%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2847	+0.042%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2847	+0.038%	$5.0M	$11.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2845	−0.044%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2846	−0.005%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2847	+0.030%	$193K	$190K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2846	−0.005%	$1.0M	$280K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2847	+0.030%	$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	0.2848	+0.065%	$685K	$874K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2844	−0.075%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2845	−0.040%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0139%	4h	0.2844	−0.075%	$294K	$83K	50x	as long as short
Lighter MET	+0.0192%	1h	0.2851	+0.167%	$249K	$268K	5x	as long as short
Backpack MET_USDC_PERP	+0.0478%	1h	0.2848	+0.079%	$332K	$262K	5x	as long as short