MET

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.017%

7d average—if it closes, per $10,000$2funding while held, a day−$11.87

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MET/USD [WBTC.b-USDC]	0.2733	L +0.0085% / S +0.0119%	pay 0.0011% / 1h	24m 54s	$25K	—	50x
Short	Backpack MET_USDC_PERP	0.2733	−0.0311	pay 0.0039% / 1h	24m 54s	$320K	$253K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

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

Profit calculator

Position, each leg$Hold forhoursFee GMXbpFee BackpackbpOrdersClose when spread is

Spread captured: −$1.72
Funding while held: −$11.87
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$35.59
Spread needed to break even: 0.220%

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 15 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0396%
Per $10,000 a day: −$11.87
Average in range /8h: —

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 Backpack live order book, 15 min ago	1.82 bp	13.9 bp −$14	doesn't fit	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 price on every exchange

against the cheapest. Click to use as the short leg.

Bybit0.2730cheapest Binance0.2730+0.011%MEXC0.2730+0.011%Hyperliquid0.2732+0.070%OKX0.2732+0.084%Gate0.2732+0.084%Bitget0.2732+0.084%SunX0.2732+0.084%

Backpack0.2733+0.110%

KuCoin0.2733+0.121%ApeX Omni0.2733+0.121%

GMX0.2733+0.127%

Aster0.2734+0.168%BloFin0.2735+0.194%Phoenix0.2736+0.242%Lighter0.2737+0.278%

MET on 16 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit METUSDT	−0.127%	−0.0121%	4h	$4.7M	$3.0M	25x	as long as short
Binance METUSDT	−0.116%	+0.0100%	4h	$4.7M	$10.6M	50x	as long as short
MEXC MET_USDT	−0.116%	+0.0100%	4h	$958K	$229K	20x	as long as short
Hyperliquid MET	−0.057%	+0.0100%	1h	$4.1M	$1.2M	3x	as long as short
OKX MET-USDT-SWAP	−0.043%	+0.0100%	4h	$1.2M	$3.2M	20x	as long as short
Gate MET_USDT	−0.043%	+0.0100%	4h	$190K	$243K	50x	as long as short
Bitget METUSDT	−0.043%	+0.0100%	4h	$648K	$935K	25x	as long as short
SunX MET-USDT	−0.043%	+0.0100%	4h	$2K	$1.5M	20x	as long as short
Backpack MET_USDC_PERPshort	−0.017%	−0.0311%	1h	$320K	$253K	5x
KuCoin METUSDTM	−0.006%	+0.0100%	4h	$1.3M	$2.5M	50x	as long as short

Show all 16 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni METUSDT	−0.006%	+0.0100%	1h	$35K	$117K	50x	as long as short
GMX MET/USD [WBTC.b-USDC]long	0.000%	L +0.0085% / S +0.0119%	1h	$25K	—	50x
Aster METUSDT	+0.040%	+0.0100%	4h	$51K	$9K	5x	as long as short
BloFin MET-USDT	+0.067%	+0.0058%	4h	$281K	$79K	50x	as long as short
Phoenix MET	+0.115%	−0.0432%	1h	$13K	$16K	5x	as long as short
Lighter MET	+0.151%	+0.0440%	1h	$276K	$353K	5x	as long as short