Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.2997+0.0096pay 0.0012% / 1h48m 30s$123K$49K5xLong Lighter7d free
SHORT0.2996−0.0327pay 0.0041% / 1h48m 30s$175K$103K20xShort TxFlow5% off
Price gap−0.023%
Funding gap−0.0423% /8h

The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $13 a day and eats that in about 14 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$117−0.0423% /8h now · paid −1.165% over the last 7D
Price+$7spread −0.023% now, avg −0.097% → +0.073% if it goes back
Costs−$1511.514% of $10k · taker + slippage, in and out
Result−$261−2.61%+ Points / potential airdropLighter: Season 3 · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.023%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MET on 21 exchanges

lowest funding first

Before you open

4 ok · 2 to watch
  • Watch: Thin at this size70.3 / 11.0 bp
    At $10k entering Lighter costs 70.3 bp, fee and slippage, 6.4× TxFlow’s.
  • Note: Margin at max leverage$2,000 + $500
    Lighter 5x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$12.69Long Lighter: 24 payments, −$2.88; short TxFlow: 24 payments, −$9.81.
  • OK: Entry gap works for you−0.023% vs −0.097%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$123K vs $175K OI
    Lighter sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3 · TxFlow points
    Volume here counts toward the points program.
  • OK: No KYC on either legLighter No · TxFlow No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0555%/8h × 21 periods−$116.54
Price spread−0.023% → −0.097% (7d avg)+$7.33
Slippage, 4 orderslive order books−$142.37
Fee Lighter bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$260.58
Costs to cover1.514%Break-evennever at this rate
Slippage: Lighter: live order book, 2 min ago; TxFlow: live order book, 16 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter5.1770.3 bp−$70215.4 bp−$2,154doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.3411.0 bp−$1174.2 bp−$742doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

MET news

posts that mention MET, from every exchangeSearch all news →
10-10 00:13OrderlyListingnew market PERP_MET_USDC_mythos ($MET) seen by our collector
10-09 09:44edgeXListingnew market METUSDC ($MET) seen by our collector
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09-28 15:16PhoenixContestIt’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗
09-25 14:48PhoenixContest$SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗