data as of
Settings8H · net · $10k
Funding arb /

MET

all MET markets
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Funding spread now, next payment 20:00 UTC−0.0010%/8h
next payment, per $10,000$0.01paid, last 24h−0.005%paid, last 3 days−0.227%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX MET/USD [WBTC.b-USDC]0.2777L +0.0110% / S +0.0073%pay 0.0014% / 1h54m 56s$25K50x
ShortHyperliquid MET0.27750.0100get 0.0013% / 1h54m 56s$4.2M$1.2M3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$2
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$23
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.056%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Hyperliquid live order book, 8 min ago1.25 bp17.2 bp −$17doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix MET−0.0315%1h$14K$13K5xas long as short
BloFin MET-USDT+0.0087%4h$291K$84K50xas long as short
Lighter MET+0.0096%1h$256K$263K5xas long as short
Hyperliquid METshort+0.0100%1h$4.2M$1.2M3x
Aster METUSDT+0.0100%4h$51K$10K5xas long as short
Binance METUSDT+0.0100%4h$4.9M$10.6M50xas long as short
Bybit METUSDT+0.0100%4h$4.8M$2.8M25xas long as short
OKX MET-USDT-SWAP+0.0100%4h$1.2M$3.3M20xas long as short
Gate MET_USDT+0.0100%4h$191K$205K50xas long as short
MEXC MET_USDT+0.0100%4h$920K$239K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin METUSDTM+0.0100%4h$1.3M$2.5M50xas long as short
Bitget METUSDT+0.0100%4h$654K$843K25xas long as short
Backpack MET_USDC_PERP+0.0100%1h$326K$243K5xas long as short
ApeX Omni METUSDT+0.0100%1h$36K$108K50xas long as short
SunX MET-USDT+0.0100%4h$1K$1.5M20xas long as short
GMX MET/USD [WBTC.b-USDC]longL +0.0110% / S +0.0073%1h$25K50x