MET

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0695%/8h= +76.1% APRnext payment +$0.87 per $10,000 · paid last 24h +0.253%

Price spread now: Lighter against GMX+0.083%69s7-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 +$21 a day on $10k at the current rate, and Lighter is 0.083% dearer against GMX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

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	29m 50s	$4K	—	50x
Short	Lighter MET	0.2716	0.0096	get 0.0012% / 1h	29m 50s	$165K	$432K	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 +0.083%Rate

Funding earned: $145.87
Price spread: +0.083% → 0.000%: $8.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $142.12
Costs to cover: 0.120%
Break-even: 0.2 days

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 61 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, 61 min ago	57.76 bp	162.7 bp −$163	243.8 bp −$2,438	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 −0.0599% / S +0.0178%	1h	0.2713	long leg	$4K	—	50x
Phoenix MET	−0.0029%	1h	0.2715	+0.053%	$13K	$14K	5x	as long as short
Bybit METUSDT	−0.0025%	4h	0.2712	−0.043%	$4.7M	$3.2M	25x	as long as short
Lighter METshort	+0.0096%	1h	0.2716	+0.083%	$165K	$432K	5x
Hyperliquid MET	+0.0100%	1h	0.2714	+0.035%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2717	+0.126%	$51K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2716	+0.112%	$4.6M	$12.7M	50x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2714	+0.027%	$1.1M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2712	−0.046%	$170K	$195K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2715	+0.064%	$836K	$291K	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	0.2712	−0.046%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2713	−0.010%	$664K	$961K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2716	+0.094%	$307K	$278K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2707	−0.231%	$34K	$120K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2713	−0.010%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0131%	4h	0.2712	−0.046%	$272K	$90K	50x	as long as short