Funding you earn now, next payment 21:00 UTC+0.0188%/8h= +20.5% APRpaid last 24h +0.035%
Price spread now: Lighter against BloFin−0.004%90s7-day average +0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.022% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)−1.864%−$186 · spread now −0.004%, 7d avg +0.158%
=Together, before fees−1.787%+ Points / potential airdropLighter: Season 3 · farm board−$179 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.161% cheaper against BloFin than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.158%). If the spread goes back, that is −$16 on $10k: about 2.9 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.076% in total) that is about 15 days. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% 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 | BloFin MET-USDT | 0.2855 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $298K | $86K | 50x |
| Short | Lighter MET | 0.2855 | 0.0288 | get 0.0036% / 1h | 31m 20s | $263K | $243K | 5x |
BloFin MET-USDT
Lighter METFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.38
- Price spread: −0.004% → +0.158%
- −$16.14
- Slippage, 4 orders
- −$90.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$78.99
- Costs to cover
- 1.022%
- Break-even
- 21.0 days
Slippage from BloFin: live order book, 13 min ago; Lighter: live order book, 12 min ago.
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 BloFin live order book, 13 min ago | 3.51 bp | 19.7 bp −$20 | 79.7 bp −$797 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 7.17 bp | 10.3 bp −$10 | 165.8 bp −$1,658 | doesn't fit | doesn't fit |
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 −0.0436% / S +0.0112% | 1h | 0.2850 | −0.171% | $10K | — | 50x | as long as short |
| Phoenix MET | −0.0224% | 1h | 0.2851 | −0.151% | $14K | $13K | 5x | as long as short |
| Hyperliquid MET | +0.0100% | 1h | 0.2852 | −0.116% | $4.5M | $1.2M | 3x | as long as short |
| Aster METUSDT | +0.0100% | 4h | 0.2849 | −0.208% | $53K | $8K | 5x | as long as short |
| Binance METUSDT | +0.0100% | 4h | 0.2847 | −0.268% | $5.0M | $10.6M | 50x | as long as short |
| Bybit METUSDT | +0.0100% | 4h | 0.2847 | −0.280% | $5.0M | $2.8M | 25x | as long as short |
| OKX MET-USDT-SWAP | +0.0100% | 4h | 0.2849 | −0.210% | $1.3M | $3.3M | 20x | as long as short |
| Gate MET_USDT | +0.0100% | 4h | 0.2845 | −0.350% | $194K | $196K | 50x | as long as short |
| MEXC MET_USDT | +0.0100% | 4h | 0.2847 | −0.280% | $945K | $239K | 20x | as long as short |
| KuCoin METUSDTM | +0.0100% | 4h | 0.2848 | −0.245% | $1.3M | $2.5M | 50x | as long as short |
GMX MET/USD [WBTC.b-USDC]
Phoenix MET
Hyperliquid MET
Aster METUSDT
Binance METUSDT
Bybit METUSDT
OKX MET-USDT-SWAP
Gate MET_USDT
MEXC MET_USDT
KuCoin METUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget METUSDT | +0.0100% | 4h | 0.2849 | −0.210% | $668K | $834K | 25x | as long as short |
| ApeX Omni METUSDT | +0.0100% | 1h | 0.2848 | −0.245% | $37K | $108K | 50x | as long as short |
| SunX MET-USDT | +0.0100% | 4h | 0.2848 | −0.245% | $2K | $1.5M | 20x | as long as short |
| BloFin MET-USDTlong | +0.0100% | 4h | 0.2855 | long leg | $298K | $86K | 50x | |
| Lighter METshort | +0.0288% | 1h | 0.2855 | −0.004% | $263K | $243K | 5x | |
| Backpack MET_USDC_PERP | +0.0555% | 1h | 0.2850 | −0.168% | $330K | $254K | 5x | as long as short |
Bitget METUSDT
ApeX Omni METUSDT
SunX MET-USDT
Backpack MET_USDC_PERP