MET

Alert

Funding spread now, next payment 15:00 UTC−0.0773%/8h

next payment, per $10,000−$0.97paid, last 24h−0.278%paid, last 5 days−1.465%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MET_USDC_PERP	0.2763	0.0100	pay 0.0013% / 1h	12m 31s	$320K	$262K	5x
Short	Phoenix MET	0.2750	−0.0673	pay 0.0084% / 1h	12m 31s	$14K	$15K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee PhoenixbpOrdersRate

Funding earned: −$162.29
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$179.29
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 37 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.485%
Avg gap 7d: —

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, 37 min ago	0.18 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX MET/USD [WBTC.b-USDC]	L −0.1598% / S +0.0234%	1h	$9K	—	50x	as long as short
Phoenix METshort	−0.0673%	1h	$14K	$15K	5x
BloFin MET-USDT	+0.0070%	4h	$278K	$81K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	$4.1M	$1.1M	3x	as long as short
Aster METUSDT	+0.0100%	4h	$51K	$9K	5x	as long as short
Binance METUSDT	+0.0100%	4h	$4.7M	$10.3M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	$4.7M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	$1.1M	$3.0M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	$189K	$245K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	$944K	$227K	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	$642K	$923K	25x	as long as short
Backpack MET_USDC_PERPlong	+0.0100%	1h	$320K	$262K	5x
ApeX Omni METUSDT	+0.0100%	1h	$35K	$119K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	$2K	$1.5M	20x	as long as short
Lighter MET	+0.0184%	1h	$283K	$260K	5x	as long as short