MET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0594%/8h= +65.0% APRnext payment +$0.74 per $10,000 · paid last 24h +0.207%

Price spread now: Lighter against GMX+0.152%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter is 0.152% dearer against GMX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MET/USD [WBTC.b-USDC]	0.2774	L −0.0498% / S +0.0175%	get 0.0062% / 1h	39m 28s	$4K	—	50x
Short	Lighter MET	0.2778	0.0096	get 0.0012% / 1h	39m 28s	$168K	$425K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee LighterbpOrdersPrice spread, now +0.152%Rate

Funding earned: $124.73
Price spread: +0.152% → 0.000%: $15.18
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $127.9
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 66 min ago. Net counts fees only.

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 Lighter live order book, 66 min ago	32.57 bp	163.3 bp −$163	239.9 bp −$2,399	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: 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]long	L −0.0498% / S +0.0175%	1h	0.2774	long leg	$4K	—	50x
Phoenix MET	0.0000%	1h	0.2776	+0.076%	$14K	$15K	5x	as long as short
Bybit METUSDT	+0.0034%	4h	0.2774	0.000%	$4.8M	$3.1M	25x	as long as short
BloFin MET-USDT	+0.0071%	4h	0.2776	+0.080%	$284K	$89K	50x	as long as short
Lighter METshort	+0.0096%	1h	0.2778	+0.152%	$168K	$425K	5x
Hyperliquid MET	+0.0100%	1h	0.2774	+0.026%	$3.8M	$1.7M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2775	+0.048%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2773	−0.019%	$4.8M	$12.2M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2774	+0.008%	$1.2M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2775	+0.044%	$177K	$171K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MET_USDT	+0.0100%	4h	0.2774	+0.008%	$932K	$280K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2776	+0.080%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2776	+0.080%	$650K	$864K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2783	+0.336%	$316K	$310K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2774	+0.008%	$36K	$118K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2784	+0.368%	$2K	$1.6M	20x	as long as short