Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.035%
Price spread now: Lighter against Gate+0.156%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$341as in the Funding arb table
Net, price: spread back to 7d avg − costs−$345as in the Price arb table
costs, in and out, $10k−$3443.440% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+1.155%+$115 · spread now +0.156%, 7d avg +0.168%
=Together, before fees+1.180%+ Points / potential airdropLighter: Season 3 · farm board+$118 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MET_USDT | 0.2753 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $173K | $171K | 50x |
| Short | Lighter MET | 0.2757 | 0.0096 | get 0.0012% / 1h | 31m 47s | $169K | $435K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$0.84
- Price spread: +0.156% → +0.168%
- −$1.19
- Slippage, 4 orders
- −$329.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$346.08
- Costs to cover
- 3.440%
- Break-even
- never at this rate
Slippage from Gate: live order book, 59 min ago; Lighter: live order book, 49 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 Gate live order book, 59 min ago | 7.39 bp | 40.1 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 49 min ago | 15.06 bp | 149.0 bp −$149 | 246.3 bp −$2,463 | 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 −0.0738% / S +0.0214% | 1h | 0.2751 | −0.073% | $4K | — | 50x | as long as short |
| Phoenix MET | −0.0206% | 1h | 0.2753 | +0.015% | $13K | $14K | 5x | as long as short |
| Lighter METshort | +0.0096% | 1h | 0.2757 | +0.156% | $169K | $435K | 5x | |
| Hyperliquid MET | +0.0100% | 1h | 0.2752 | −0.024% | $3.6M | $1.9M | 3x | as long as short |
| Aster METUSDT | +0.0100% | 4h | 0.2755 | +0.055% | $52K | $11K | 5x | as long as short |
| Binance METUSDT | +0.0100% | 4h | 0.2750 | −0.109% | $4.6M | $12.6M | 50x | as long as short |
| Bybit METUSDT | +0.0100% | 4h | 0.2750 | −0.116% | $4.7M | $3.3M | 25x | as long as short |
| OKX MET-USDT-SWAP | +0.0100% | 4h | 0.2749 | −0.145% | $1.2M | $3.2M | 20x | as long as short |
| Gate MET_USDTlong | +0.0100% | 4h | 0.2753 | long leg | $173K | $171K | 50x | |
| MEXC MET_USDT | +0.0100% | 4h | 0.2751 | −0.073% | $845K | $289K | 20x | as long as short |
Show all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin METUSDTM | +0.0100% | 4h | 0.2753 | 0.000% | $1.3M | $2.7M | 50x | as long as short |
| Bitget METUSDT | +0.0100% | 4h | 0.2753 | 0.000% | $685K | $911K | 25x | as long as short |
| ApeX Omni METUSDT | +0.0100% | 1h | 0.2751 | −0.073% | $34K | $117K | 50x | as long as short |
| SunX MET-USDT | +0.0100% | 4h | 0.2751 | −0.073% | $2K | $1.6M | 20x | as long as short |
| Backpack MET_USDC_PERP | +0.0156% | 1h | 0.2753 | +0.011% | $314K | $250K | 5x | as long as short |
| BloFin MET-USDT | +0.0158% | 4h | 0.2758 | +0.182% | $273K | $91K | 50x | as long as short |
Gate MET_USDT
Lighter MET
GMX MET/USD [WBTC.b-USDC]
Phoenix MET
Hyperliquid MET
Aster METUSDT
Binance METUSDT
Bybit METUSDT
OKX MET-USDT-SWAP
MEXC MET_USDT
KuCoin METUSDTM
Bitget METUSDT
ApeX Omni METUSDT
SunX MET-USDT
Backpack MET_USDC_PERP
BloFin MET-USDT