MET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0532%/8h= +58.2% APRnext payment +$0.66 per $10,000 · paid last 24h +0.129%

Price spread now: Phoenix against GMX−0.210%7-day average — · you buy dearer than you sell

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 4 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

Funding pays, the price is against you. Phoenix is 0.210% cheaper against GMX than usual: you would sell low and buy high (spread −0.210% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 32 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MET/USD [WBTC.b-USDC]	0.2760	L −0.0738% / S +0.0214%	get 0.0092% / 1h	26m 17s	$4K	—	50x
Short	Phoenix MET	0.2754	−0.0206	pay 0.0026% / 1h	26m 17s	$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 −0.210%Rate

Funding earned: $111.66
Price spread: −0.210% → 0.000%: −$21.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $71.65
Costs to cover: 0.190%
Break-even: 2.5 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 −0.0738% / S +0.0214%	1h	0.2760	long leg	$4K	—	50x
Phoenix METshort	−0.0206%	1h	0.2754	−0.210%	$13K	$14K	5x
Lighter MET	+0.0096%	1h	0.2759	−0.018%	$169K	$435K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2754	−0.203%	$3.6M	$1.9M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2755	−0.166%	$52K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2752	−0.283%	$4.6M	$12.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2756	−0.130%	$4.7M	$3.3M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2755	−0.174%	$1.2M	$3.2M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2755	−0.174%	$173K	$171K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2755	−0.174%	$838K	$290K	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	0.2757	−0.101%	$1.3M	$2.7M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2756	−0.138%	$685K	$890K	25x	as long as short
Backpack MET_USDC_PERP	+0.0100%	1h	0.2762	+0.065%	$315K	$248K	5x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2745	−0.536%	$34K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2752	−0.283%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0122%	4h	0.2760	+0.007%	$275K	$91K	50x	as long as short