MET

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0415%/8h= −45.4% APRnext payment −$0.52 per $10,000 · paid last 24h −0.064%

Price spread now: GMX against Lighter−0.254%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GMX

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and GMX is 0.254% cheaper against Lighter than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MET	0.2855	0.0168	pay 0.0021% / 1h	0m 37s	$249K	$268K	5x
Short	GMX MET/USD [WBTC.b-USDC]	0.2848	L −0.1723% / S +0.0247%	pay 0.0031% / 1h	0m 37s	$10K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.254%Rate

Funding earned: −$87.08
Price spread: −0.254% → 0.000%: −$25.39
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$124.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 60 min ago; GMX: 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 Lighter live order book, 60 min ago	11.17 bp	61.9 bp −$62	214.9 bp −$2,149	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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]short	L −0.1723% / S +0.0247%	1h	0.2848	−0.254%	$10K	—	50x
Phoenix MET	−0.0112%	1h	0.2846	−0.326%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0056%	4h	0.2846	−0.319%	$294K	$83K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2851	−0.147%	$4.3M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2851	−0.152%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2849	−0.216%	$5.0M	$11.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2847	−0.284%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2849	−0.214%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2848	−0.249%	$193K	$190K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2849	−0.214%	$1.0M	$280K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2849	−0.214%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2852	−0.109%	$683K	$878K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2841	−0.494%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2845	−0.354%	$2K	$1.6M	20x	as long as short
Lighter METlong	+0.0168%	1h	0.2855	long leg	$249K	$268K	5x
Backpack MET_USDC_PERP	+0.0471%	1h	0.2852	−0.123%	$332K	$262K	5x	as long as short