After costs, if the gap returns to its 7d average, $10k−$86
spread now−0.168%7d average−0.113%fees + slippage, in and out−$80spread needed0.803%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MET | 0.2737 | 0.0440 | pay 0.0055% / 1h | 24m 55s | $276K | $353K | 5x |
| Short | Backpack MET_USDC_PERP | 0.2733 | −0.0311 | pay 0.0039% / 1h | 24m 55s | $320K | $253K | 5x |
Lighter MET
Backpack MET_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$16.8
- Funding while held
- −$22.52
- Slippage, 4 orders
- −$70.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$119.67
- Spread needed to break even
- 0.803%
Slippage from Lighter: live order book, 6 min ago; Backpack: live order book, 15 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0751%
- Per $10,000 a day
- −$22.52
- 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 Lighter live order book, 6 min ago | 8.02 bp | 42.7 bp −$43 | 222.4 bp −$2,224 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 15 min ago | 1.82 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
MET price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.2730cheapestBinance0.2730+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%
Bybit
Binance
MEXC
Hyperliquid
OKX
Gate
Bitget
SunXBackpack0.2733+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%
KuCoin
ApeX Omni
GMX
Aster
BloFin
PhoenixLighter0.2737+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 | −0.278% | −0.0121% | 4h | $4.7M | $3.0M | 25x | as long as short |
| Binance METUSDT | −0.267% | +0.0100% | 4h | $4.7M | $10.6M | 50x | as long as short |
| MEXC MET_USDT | −0.267% | +0.0100% | 4h | $958K | $229K | 20x | as long as short |
| Hyperliquid MET | −0.208% | +0.0100% | 1h | $4.1M | $1.2M | 3x | as long as short |
| OKX MET-USDT-SWAP | −0.194% | +0.0100% | 4h | $1.2M | $3.2M | 20x | as long as short |
| Gate MET_USDT | −0.194% | +0.0100% | 4h | $190K | $243K | 50x | as long as short |
| Bitget METUSDT | −0.194% | +0.0100% | 4h | $648K | $935K | 25x | as long as short |
| SunX MET-USDT | −0.194% | +0.0100% | 4h | $2K | $1.5M | 20x | as long as short |
| Backpack MET_USDC_PERPshort | −0.168% | −0.0311% | 1h | $320K | $253K | 5x | |
| KuCoin METUSDTM | −0.157% | +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 | −0.157% | +0.0100% | 1h | $35K | $117K | 50x | as long as short |
| GMX MET/USD [WBTC.b-USDC] | −0.151% | L +0.0085% / S +0.0119% | 1h | $25K | — | 50x | as long as short |
| Aster METUSDT | −0.111% | +0.0100% | 4h | $51K | $9K | 5x | as long as short |
| BloFin MET-USDT | −0.084% | +0.0058% | 4h | $281K | $79K | 50x | as long as short |
| Phoenix MET | −0.037% | −0.0432% | 1h | $13K | $16K | 5x | as long as short |
| Lighter METlong | 0.000% | +0.0440% | 1h | $276K | $353K | 5x |