MET

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0443%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h +0.136%

Price spread now: GMX against Phoenix−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on GMX

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—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GMX is 0.034% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MET	0.2853	0.0197	pay 0.0025% / 1h	30m 44s	$15K	$15K	5x
Short	GMX MET/USD [WBTC.b-USDC]	0.2852	L −0.1723% / S +0.0247%	pay 0.0031% / 1h	30m 44s	$10K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$93.12
Price spread: −0.034% → 0.000%: −$3.43
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$115.55
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; GMX: 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 Phoenix no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Phoenix and 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]short	L −0.1723% / S +0.0247%	1h	0.2852	−0.034%	$10K	—	50x
Hyperliquid MET	+0.0100%	1h	0.2855	+0.077%	$4.2M	$1.4M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2854	+0.040%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2852	−0.055%	$5.0M	$11.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2851	−0.077%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2853	−0.007%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2853	−0.007%	$193K	$185K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2852	−0.042%	$1.0M	$279K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2854	+0.028%	$1.3M	$2.6M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2855	+0.063%	$684K	$871K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni METUSDT	+0.0100%	1h	0.2847	−0.217%	$36K	$116K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2856	+0.098%	$2K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0115%	4h	0.2852	−0.042%	$294K	$88K	50x	as long as short
Phoenix METlong	+0.0197%	1h	0.2853	long leg	$15K	$15K	5x
Lighter MET	+0.0512%	1h	0.2859	+0.207%	$257K	$278K	5x	as long as short
Backpack MET_USDC_PERP	+0.0676%	1h	0.2856	+0.084%	$334K	$264K	5x	as long as short