MET

Alert

Funding spread now, next payment 18:00 UTC−0.0457%/8h

next payment, per $10,000−$0.57paid, last 24h+0.066%paid, last 3 days+0.224%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MET/USD [WBTC.b-USDC]	0.2740	L +0.0084% / S +0.0122%	pay 0.0010% / 1h	31m 21s	$25K	—	50x
Short	Backpack MET_USDC_PERP	0.2740	−0.0373	pay 0.0047% / 1h	31m 21s	$321K	$253K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee BackpackbpOrdersRate

Funding earned: −$95.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$117.9
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.016%
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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 9 min ago	1.82 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit

GMX: 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
Phoenix MET	−0.0432%	1h	$13K	$16K	5x	as long as short
Backpack MET_USDC_PERPshort	−0.0373%	1h	$321K	$253K	5x
Bybit METUSDT	−0.0149%	4h	$4.7M	$3.0M	25x	as long as short
GMX MET/USD [WBTC.b-USDC]long	L +0.0084% / S +0.0122%	1h	$25K	—	50x
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_USDT	+0.0100%	4h	$190K	$243K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	$962K	$229K	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	$651K	$935K	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	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0142%	4h	$285K	$79K	50x	as long as short
Lighter MET	+0.0576%	1h	$301K	$329K	5x	as long as short