MET

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.034%

Price spread now: ApeX Omni against Lighter−0.551%78s7-day average −0.283% · you buy dearer than you sell

Net, funding: paid 7d − costs−$705as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7057.046% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+0.331%+$33 · spread now −0.551%, 7d avg −0.283%

Together, before fees+0.324%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.268% cheaper against Lighter than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.283%. The two prices were read 78 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	Lighter MET	0.2834	0.0096	pay 0.0012% / 1h	47m 54s	$261K	$244K	5x
Short	ApeX Omni METUSDT	0.2818	0.0100	get 0.0013% / 1h	47m 54s	$36K	$111K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.551%Rate

Funding earned: $0.84
Price spread: −0.551% → −0.283%: −$26.78
Slippage, 4 orders: −$694.56
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$730.5
Costs to cover: 7.046%
Break-even: 6094.5 days

Slippage from Lighter: live order book, 26 min ago; ApeX Omni: live order book, 33 min ago.

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, 26 min ago	9.91 bp	35.1 bp −$35	208.2 bp −$2,082	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	37.07 bp	331.6 bp −$332	doesn't fit	doesn't fit	doesn't fit

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]	L −0.1636% / S +0.0238%	1h	0.2828	−0.189%	$9K	—	50x	as long as short
Phoenix MET	−0.0114%	1h	0.2834	+0.007%	$14K	$13K	5x	as long as short
Lighter METlong	+0.0096%	1h	0.2834	long leg	$261K	$244K	5x
Hyperliquid MET	+0.0100%	1h	0.2831	−0.109%	$4.3M	$1.3M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2828	−0.202%	$52K	$10K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2829	−0.155%	$4.9M	$11.1M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2828	−0.187%	$4.9M	$2.9M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2827	−0.233%	$1.3M	$3.3M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2828	−0.198%	$193K	$187K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2829	−0.162%	$946K	$259K	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	0.2829	−0.162%	$1.3M	$2.4M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2830	−0.127%	$665K	$845K	25x	as long as short
ApeX Omni METUSDTshort	+0.0100%	1h	0.2818	−0.551%	$36K	$111K	50x
SunX MET-USDT	+0.0100%	4h	0.2829	−0.162%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0156%	4h	0.2819	−0.515%	$288K	$78K	50x	as long as short
Backpack MET_USDC_PERP	+0.0670%	1h	0.2831	−0.081%	$331K	$251K	5x	as long as short