Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.037%
Price spread now: BloFin against Lighter−0.284%60s7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.726% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)+1.131%+$113 · spread now −0.284%, 7d avg −0.158%
=Together, before fees+1.052%+ Points / potential airdropLighter: Season 3 · farm board+$105 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.125% cheaper against Lighter than usual: you would sell low and buy high (spread −0.284% now, against its 7-day average of −0.158%). If the spread goes back, that is −$13 on $10k: about 13 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour. The two prices were read 60 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 | Lighter MET | 0.2821 | 0.0096 | pay 0.0012% / 1h | 27m 52s | $260K | $243K | 5x |
| Short | BloFin MET-USDT | 0.2813 | 0.0128 | get 0.0064% / 4h | 2h 27m | $290K | $81K | 50x |
Lighter MET
BloFin MET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.77
- Price spread: −0.284% → −0.158%
- −$12.52
- Slippage, 4 orders
- −$60.63
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$78.39
- Costs to cover
- 0.726%
- Break-even
- 88.1 days
Slippage from Lighter: live order book, 55 min ago; BloFin: live order book, 56 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 Lighter live order book, 55 min ago | 5.82 bp | 31.9 bp −$32 | 203.7 bp −$2,037 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 56 min ago | 1.77 bp | 9.8 bp −$10 | 49.6 bp −$496 | 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 −0.1171% / S +0.0189% | 1h | 0.2817 | −0.144% | $9K | — | 50x | as long as short |
| Phoenix MET | −0.0197% | 1h | 0.2817 | −0.142% | $14K | $13K | 5x | as long as short |
| Lighter METlong | +0.0096% | 1h | 0.2821 | long leg | $260K | $243K | 5x | |
| Hyperliquid MET | +0.0100% | 1h | 0.2819 | −0.071% | $4.3M | $1.2M | 3x | as long as short |
| Aster METUSDT | +0.0100% | 4h | 0.2818 | −0.094% | $52K | $10K | 5x | as long as short |
| Binance METUSDT | +0.0100% | 4h | 0.2817 | −0.142% | $4.9M | $11.0M | 50x | as long as short |
| Bybit METUSDT | +0.0100% | 4h | 0.2815 | −0.213% | $4.9M | $2.8M | 25x | as long as short |
| OKX MET-USDT-SWAP | +0.0100% | 4h | 0.2818 | −0.106% | $1.3M | $3.3M | 20x | as long as short |
| Gate MET_USDT | +0.0100% | 4h | 0.2815 | −0.213% | $192K | $194K | 50x | as long as short |
| MEXC MET_USDT | +0.0100% | 4h | 0.2817 | −0.142% | $927K | $259K | 20x | as long as short |
GMX MET/USD [WBTC.b-USDC]
Phoenix MET
Hyperliquid MET
Aster METUSDT
Binance METUSDT
Bybit METUSDT
OKX MET-USDT-SWAP
Gate MET_USDT
MEXC MET_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin METUSDTM | +0.0100% | 4h | 0.2816 | −0.177% | $1.3M | $2.4M | 50x | as long as short |
| Bitget METUSDT | +0.0100% | 4h | 0.2817 | −0.142% | $662K | $845K | 25x | as long as short |
| Backpack MET_USDC_PERP | +0.0100% | 1h | 0.2819 | −0.082% | $329K | $252K | 5x | as long as short |
| ApeX Omni METUSDT | +0.0100% | 1h | 0.2812 | −0.319% | $37K | $110K | 50x | as long as short |
| SunX MET-USDT | +0.0100% | 4h | 0.2817 | −0.142% | $2K | $1.6M | 20x | as long as short |
| BloFin MET-USDTshort | +0.0128% | 4h | 0.2813 | −0.284% | $290K | $81K | 50x |
KuCoin METUSDTM
Bitget METUSDT
Backpack MET_USDC_PERP
ApeX Omni METUSDT
SunX MET-USDT