Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Binance+0.033%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$710.713% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+1.013%+$101 · spread now +0.033%, 7d avg +0.023%
=The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance METUSDT | 0.2781 | 0.0100 | pay 0.0050% / 4h | 50m 32s | $4.8M | $12.2M | 50x |
| Short | BloFin MET-USDT | 0.2782 | 0.0070 | get 0.0035% / 4h | 50m 32s | $285K | $89K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.26
- Price spread: +0.033% → +0.023%
- $0.94
- Slippage, 4 orders
- −$49.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$76.6
- Costs to cover
- 0.713%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; BloFin: live order book, 49 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 Binance live order book, 5 min ago | 3.60 bp | 21.6 bp −$22 | 142.8 bp −$1,428 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 49 min ago | 1.80 bp | 11.1 bp −$11 | 48.6 bp −$486 | 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 −0.0498% / S +0.0175% | 1h | 0.2785 | +0.150% | $4K | — | 50x | as long as short |
| Phoenix MET | 0.0000% | 1h | 0.2786 | +0.162% | $14K | $15K | 5x | as long as short |
| Bybit METUSDT | +0.0026% | 4h | 0.2779 | −0.075% | $4.8M | $3.2M | 25x | as long as short |
| BloFin MET-USDTshort | +0.0070% | 4h | 0.2782 | +0.033% | $285K | $89K | 50x | |
| Lighter MET | +0.0096% | 1h | 0.2780 | −0.043% | $168K | $425K | 5x | as long as short |
| Hyperliquid MET | +0.0100% | 1h | 0.2786 | +0.166% | $3.8M | $1.7M | 3x | as long as short |
| Aster METUSDT | +0.0100% | 4h | 0.2784 | +0.117% | $52K | $11K | 5x | as long as short |
| Binance METUSDTlong | +0.0100% | 4h | 0.2781 | long leg | $4.8M | $12.2M | 50x | |
| OKX MET-USDT-SWAP | +0.0100% | 4h | 0.2782 | +0.033% | $1.2M | $3.3M | 20x | as long as short |
| Gate MET_USDT | +0.0100% | 4h | 0.2781 | −0.003% | $178K | $171K | 50x | as long as short |
Show all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MET_USDT | +0.0100% | 4h | 0.2783 | +0.069% | $935K | $280K | 20x | as long as short |
| KuCoin METUSDTM | +0.0100% | 4h | 0.2782 | +0.033% | $1.3M | $2.6M | 50x | as long as short |
| Bitget METUSDT | +0.0100% | 4h | 0.2784 | +0.105% | $651K | $865K | 25x | as long as short |
| ApeX Omni METUSDT | +0.0100% | 1h | 0.2788 | +0.249% | $36K | $118K | 50x | as long as short |
| SunX MET-USDT | +0.0100% | 4h | 0.2782 | +0.033% | $2K | $1.6M | 20x | as long as short |
| Backpack MET_USDC_PERP | +0.0128% | 1h | 0.2785 | +0.130% | $316K | $310K | 5x | as long as short |
Binance METUSDT
BloFin MET-USDT
GMX MET/USD [WBTC.b-USDC]
Phoenix MET
Bybit METUSDT
Lighter MET
Hyperliquid MET
Aster METUSDT
OKX MET-USDT-SWAP
Gate MET_USDT
MEXC MET_USDT
KuCoin METUSDTM
Bitget METUSDT
ApeX Omni METUSDT
SunX MET-USDT
Backpack MET_USDC_PERP