MET

Alert

Funding spread now, next payment 18:00 UTC−0.0930%/8h

next payment, per $10,000−$1.16paid, last 24h+0.048%paid, last 7 days+0.340%to open and close $10k−$181

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.340% in total (about 17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.16 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MET	0.2742	0.0576	pay 0.0072% / 1h	31m 10s	$282K	$339K	5x
Short	Backpack MET_USDC_PERP	0.2740	−0.0354	pay 0.0044% / 1h	31m 10s	$321K	$253K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BackpackbpOrdersRate

Funding earned: −$195.23
Slippage, 4 orders: −$171.46
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$376.68
Break-even: never at this rate

Slippage from Lighter: live order book, 65 min ago; Backpack: live order book, 9 min ago.

Price risk

price view

Price gap now: −0.098%
Avg gap 7d: −0.113%

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 Lighter live order book, 65 min ago	0.18 bp	152.7 bp −$153	320.7 bp −$3,207	doesn't fit	doesn't fit
Sell Backpack live order book, 9 min ago	1.82 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit

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	−0.0354%	1h	$321K	$253K	5x
Bybit METUSDT	−0.0149%	4h	$4.7M	$3.0M	25x	as long as short
GMX MET/USD [WBTC.b-USDC]	L +0.0084% / S +0.0122%	1h	$25K	—	50x	as long as short
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	$961K	$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	+0.0125%	4h	$285K	$79K	50x	as long as short
Lighter METlong	+0.0576%	1h	$282K	$339K	5x