Settings8H · net · $10k
Funding arb · Price arb /

MET

all MET markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.036%
Price spread now: Hyperliquid against Lighter−0.099%7-day average −0.116% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.104%−$10 on $10k
Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.099%, 7d avg −0.116%
Together, before fees−0.066%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MET0.27290.0096pay 0.0012% / 1h54m 53s$168K$435K5x
ShortHyperliquid MET0.27260.0100get 0.0013% / 1h54m 53s$3.6M$1.9M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0.84
Price spread: −0.099% → −0.116%
$1.75
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$6.41
Costs to cover
0.090%
Break-even
60.4 days
Slippage unknown: Lighter: live order book, 25 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 25 min ago15.06 bp113.6 bp −$114215.3 bp −$2,153doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago2.57 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

MET on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit METUSDT−0.1324%4h0.2726−0.128%$4.7M$3.2M25xas long as short
GMX MET/USD [WBTC.b-USDC]L −0.0738% / S +0.0214%1h0.2724−0.182%$4K50xas long as short
Phoenix MET−0.0059%1h0.2725−0.161%$13K$14K5xas long as short
Gate MET_USDT+0.0012%4h0.2725−0.150%$171K$167K50xas long as short
Lighter METlong+0.0096%1h0.2729long leg$168K$435K5x
Hyperliquid METshort+0.0100%1h0.2726−0.099%$3.6M$1.9M3x
Aster METUSDT+0.0100%4h0.2729+0.013%$51K$11K5xas long as short
Binance METUSDT+0.0100%4h0.2729−0.004%$4.5M$12.6M50xas long as short
OKX MET-USDT-SWAP+0.0100%4h0.2731+0.070%$1.2M$3.2M20xas long as short
MEXC MET_USDT+0.0100%4h0.2727−0.077%$838K$288K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin METUSDTM+0.0100%4h0.2725−0.150%$1.3M$2.7M50xas long as short
Bitget METUSDT+0.0100%4h0.2729−0.004%$679K$929K25xas long as short
ApeX Omni METUSDT+0.0100%1h0.2716−0.480%$34K$117K50xas long as short
SunX MET-USDT+0.0100%4h0.2723−0.224%$2K$1.6M20xas long as short
BloFin MET-USDT+0.0157%4h0.2731+0.070%$273K$90K50xas long as short
Backpack MET_USDC_PERP+0.0219%1h0.2726−0.114%$311K$249K5xas long as short