Funding you earn now, next payment 04:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.049%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1291.295% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now −0.049%, 7d avg −0.054%
=The price spread sits at its 7-day average of −0.054%, 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 | Bybit METUSDT | 0.2793 | 0.0081 | pay 0.0040% / 4h | 29m 28s | $4.8M | $3.2M | 25x |
| Short | Binance METUSDT | 0.2792 | 0.0100 | get 0.0050% / 4h | 29m 28s | $4.8M | $12.2M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $4.09
- Price spread: −0.049% → −0.054%
- $0.55
- Slippage, 4 orders
- −$108.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$124.84
- Costs to cover
- 1.295%
- Break-even
- 220.8 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 11 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 Bybit live order book, 3 min ago | 3.59 bp | 44.6 bp −$45 | 327.8 bp −$3,278 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 3.60 bp | 24.5 bp −$24 | 92.4 bp −$924 | 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 | 0.2792 | −0.025% | $4K | — | 50x | as long as short |
| Phoenix MET | 0.0000% | 1h | 0.2784 | −0.322% | $14K | $15K | 5x | as long as short |
| Bybit METUSDTlong | +0.0081% | 4h | 0.2793 | long leg | $4.8M | $3.2M | 25x | |
| Lighter MET | +0.0096% | 1h | 0.2793 | +0.004% | $169K | $425K | 5x | as long as short |
| BloFin MET-USDT | +0.0096% | 4h | 0.2780 | −0.469% | $286K | $89K | 50x | as long as short |
| Hyperliquid MET | +0.0100% | 1h | 0.2792 | −0.029% | $3.8M | $1.7M | 3x | as long as short |
| Aster METUSDT | +0.0100% | 4h | 0.2793 | +0.008% | $52K | $11K | 5x | as long as short |
| Binance METUSDTshort | +0.0100% | 4h | 0.2792 | −0.049% | $4.8M | $12.2M | 50x | |
| OKX MET-USDT-SWAP | +0.0100% | 4h | 0.2795 | +0.068% | $1.2M | $3.3M | 20x | as long as short |
| Gate MET_USDT | +0.0100% | 4h | 0.2791 | −0.075% | $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 | 0.2792 | −0.039% | $938K | $281K | 20x | as long as short |
| KuCoin METUSDTM | +0.0100% | 4h | 0.2794 | +0.032% | $1.3M | $2.6M | 50x | as long as short |
| Bitget METUSDT | +0.0100% | 4h | 0.2793 | −0.004% | $653K | $866K | 25x | as long as short |
| Backpack MET_USDC_PERP | +0.0100% | 1h | 0.2799 | +0.211% | $317K | $309K | 5x | as long as short |
| ApeX Omni METUSDT | +0.0100% | 1h | 0.2780 | −0.469% | $36K | $118K | 50x | as long as short |
| SunX MET-USDT | +0.0100% | 4h | 0.2793 | −0.004% | $2K | $1.6M | 20x | as long as short |
Bybit METUSDT
Binance METUSDT
GMX MET/USD [WBTC.b-USDC]
Phoenix MET
Lighter MET
BloFin MET-USDT
Hyperliquid MET
Aster METUSDT
OKX MET-USDT-SWAP
Gate MET_USDT
MEXC MET_USDT
KuCoin METUSDTM
Bitget METUSDT
Backpack MET_USDC_PERP
ApeX Omni METUSDT
SunX MET-USDT