Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h +0.035%

Price spread now: Lighter against Aster+0.222%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter is 0.222% dearer against Aster than usual: you sell high and buy low: +$22 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	Aster METUSDT	0.2854	0.0100	pay 0.0050% / 4h	3h 33m	$54K	$11K	5x
Short	Lighter MET	0.2861	0.0528	get 0.0066% / 1h	33m 40s	$257K	$278K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.222%Rate

Funding earned: $89.88
Price spread: +0.222% → 0.000%: $22.19
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $104.07
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Lighter: live order book, 22 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 Aster no order-book sample	—	—	—	—	—
Sell Lighter live order book, 22 min ago	8.06 bp	10.8 bp −$11	167.7 bp −$1,677	doesn't fit	doesn't fit

Aster: 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]	L −0.1723% / S +0.0247%	1h	0.2853	−0.041%	$10K	—	50x	as long as short
BloFin MET-USDT	+0.0072%	4h	0.2852	−0.076%	$294K	$88K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2854	+0.008%	$4.2M	$1.4M	3x	as long as short
Aster METUSDTlong	+0.0100%	4h	0.2854	long leg	$54K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2853	−0.041%	$5.0M	$11.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2853	−0.037%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2854	−0.006%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2854	−0.006%	$193K	$185K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2851	−0.111%	$1.0M	$278K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2855	+0.029%	$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	0.2856	+0.064%	$685K	$880K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2849	−0.181%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2854	−0.006%	$2K	$1.6M	20x	as long as short
Phoenix MET	+0.0197%	1h	0.2849	−0.167%	$15K	$15K	5x	as long as short
Lighter METshort	+0.0528%	1h	0.2861	+0.222%	$257K	$278K	5x
Backpack MET_USDC_PERP	+0.0660%	1h	0.2856	+0.075%	$334K	$264K	5x	as long as short