MET

Alert

Funding spread now, next payment 18:00 UTC+0.0562%/8h

paid, last 24h−0.077%paid, last 7 days−0.359%to open and close $10k−$123

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.359% in total (about -18.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MET_USDC_PERP	0.2736	−0.0462	get 0.0058% / 1h	39m 54s	$321K	$253K	5x
Short	Gate MET_USDT	0.2738	0.0100	get 0.0050% / 4h	2h 39m	$190K	$243K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee GatebpOrdersRate

Funding earned: $117.93
Slippage, 4 orders: −$97.56
Fee Backpack: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.63
Break-even: 7.3 days

Slippage from Backpack: live order book, 65 min ago; Gate: live order book, 58 min ago.

Price risk

price view

Price gap now: +0.058%
Avg gap 7d: −0.055%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack live order book, 65 min ago	2.70 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 58 min ago	5.43 bp	50.1 bp −$50	doesn't fit	doesn't fit	doesn't fit

MET on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack MET_USDC_PERPlong	−0.0462%	1h	$321K	$253K	5x
Phoenix MET	−0.0432%	1h	$14K	$16K	5x	as long as short
Bybit METUSDT	−0.0186%	4h	$4.7M	$3.0M	25x	as long as short
GMX MET/USD [WBTC.b-USDC]	L +0.0083% / S +0.0127%	1h	$25K	—	50x	as long as short
Hyperliquid MET	+0.0100%	1h	$4.2M	$1.2M	3x	as long as short
Aster METUSDT	+0.0100%	4h	$51K	$9K	5x	as long as short
Binance METUSDT	+0.0100%	4h	$4.7M	$10.6M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	$1.2M	$3.2M	20x	as long as short
Gate MET_USDTshort	+0.0100%	4h	$190K	$243K	50x
MEXC MET_USDT	+0.0100%	4h	$966K	$228K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	$650K	$934K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	$35K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	$2K	$1.5M	20x	as long as short
BloFin MET-USDT	+0.0146%	4h	$278K	$80K	50x	as long as short
Lighter MET	+0.0544%	1h	$327K	$303K	5x	as long as short