Resumo. The aquatic metabolism comprises production and mineralization of organic matter through biological processes, such as primary production and respiration that can be estimated by gases concentration in the water column. AIM: The study aimed to assess the temporal variability of pCO2 and pO2 in the littoral zone of a subtropical coastal lake. Our hypotheses are i) high variability in meteorological conditions, such as temperature and light, drive the high variability in pCO2 and pO2, and ii) the lake is permanently heterotrophic due to the low phosphorus concentration. METHODS: We estimated pCO2 from pH-alkalinity method, and pO2 from dissolved oxygen concentration and water temperature measured in free-water during 24 hours in the autumn, winter, spring and summer. RESULTS: Our findings showed that limnological variables had low temporal variability, while the meteorological variables and pCO2 presented a high coefficient of variation, which is representative of each climatic season. In autumn and winter, it was recorded that the lake was supersaturated in CO2 relative to the atmosphere, while in spring and summer CO2 concentration was below the concentration found in the atmosphere. Over 24 hours, pCO2 also showed high variability, with autumn presenting higher concentration during the night when compared to daytime. Water temperature and chlorophyll a were negatively correlated with pCO2, while pO2 was positively correlated with wind and light. CONCLUSION: Agreeing with our first hypothesis, pCO2 showed an expressive temporal variation in a subtropical lake associated to the high variability in meteorological conditions. On the other hand, our second hypothesis was not confirmed, since Peri Lake exported CO2 to the atmosphere in some periods and in others, CO2 was removed from the atmosphere.