MET

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.034%

Price spread now: OKX against Lighter−0.181%7-day average −0.172% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1231.233% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.181%, 7d avg −0.172%

Together, before fees−0.041%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.172%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MET	0.2880	0.0208	pay 0.0026% / 1h	41m 41s	$264K	$250K	5x
Short	OKX MET-USDT-SWAP	0.2875	0.0100	get 0.0050% / 4h	41m 41s	$1.3M	$3.5M	20x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee LighterbpFee OKXbpOrdersPrice spread, now −0.181%Rate

Slippage from Lighter: live order book, 19 min ago; OKX: live order book, 1 min ago.

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, 19 min ago	11.17 bp	61.9 bp −$62	214.9 bp −$2,149	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	5.22 bp	24.1 bp −$24	104.3 bp −$1,043	doesn't fit	doesn't fit

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]	L −0.1723% / S +0.0247%	1h	0.2875	−0.184%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2900	+0.694%	$14K	$13K	5x	as long as short
BloFin MET-USDT	+0.0085%	4h	0.2881	+0.028%	$298K	$84K	50x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2877	−0.125%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2874	−0.209%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2874	−0.215%	$5.1M	$11.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2873	−0.250%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAPshort	+0.0100%	4h	0.2875	−0.181%	$1.3M	$3.5M	20x
Gate MET_USDT	+0.0100%	4h	0.2873	−0.250%	$194K	$189K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2874	−0.215%	$1.0M	$277K	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	0.2873	−0.250%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2876	−0.146%	$692K	$863K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2888	+0.271%	$40K	$113K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2870	−0.354%	$1K	$1.6M	20x	as long as short
Lighter METlong	+0.0208%	1h	0.2880	long leg	$264K	$250K	5x
Backpack MET_USDC_PERP	+0.1058%	1h	0.2878	−0.069%	$335K	$258K	5x	as long as short