MET

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0569%/8h= +62.4% APRnext payment +$0.71 per $10,000 · paid last 24h +0.091%

Price spread now: Phoenix against GMX+0.091%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 Phoenix

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—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Phoenix is 0.091% dearer against GMX than usual: you sell high and buy low: +$9 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]	0.2713	L −0.0599% / S +0.0178%	get 0.0075% / 1h	0m 27s	$4K	—	50x
Short	Phoenix MET	0.2715	−0.0029	pay 0.0004% / 1h	0m 27s	$13K	$14K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.091%Rate

Funding earned: $119.59
Price spread: +0.091% → 0.000%: $9.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $109.66
Costs to cover: 0.190%
Break-even: 0.6 days

Slippage unknown: GMX: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

GMX and Phoenix: 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 −0.0599% / S +0.0178%	1h	0.2713	long leg	$4K	—	50x
Phoenix METshort	−0.0029%	1h	0.2715	+0.091%	$13K	$14K	5x
Lighter MET	+0.0096%	1h	0.2716	+0.098%	$164K	$438K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2716	+0.105%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2714	+0.047%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2714	+0.045%	$4.6M	$12.7M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2714	+0.032%	$4.7M	$3.2M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2717	+0.150%	$1.1M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2713	+0.002%	$170K	$195K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2714	+0.039%	$840K	$293K	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	0.2715	+0.076%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2715	+0.076%	$664K	$958K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2714	+0.046%	$307K	$275K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2721	+0.297%	$34K	$120K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2713	+0.002%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0149%	4h	0.2726	+0.481%	$272K	$90K	50x	as long as short