Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Aster−8.356%87s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 8.356% cheaper against Aster than usual: you would sell low and buy high (−$836 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster METISUSDT | 3.5027 | 0.0100 | pay 0.0050% / 4h | 3m 56s | $12K | $24K | 5x |
| Short | Injective METIS/USDC PERP | 3.2100 | 0.0033 | get 0.0004% / 1h | 3m 56s | — | $40K | 5.5x |
Aster METISUSDT
Injective METIS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Aster. 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
- −$14
- Price spread: −8.356% → 0.000%
- −$835.59
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$857.61
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Aster: no order-book sample; Injective: 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 Aster no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Aster and Injective: 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.
METIS on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective METIS/USDC PERPshort | +0.0033% | 1h | 3.2100 | −8.356% | — | $40K | 5.5x | |
| Kraken Futures PF_METISUSD | +0.0090% | 1h | 3.5094 | +0.193% | $2K | $3K | 10x | as long as short |
| Aster METISUSDTlong | +0.0100% | 4h | 3.5027 | long leg | $12K | $24K | 5x | |
| Binance METISUSDT | +0.0100% | 4h | 3.5015 | −0.034% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5040 | +0.038% | $691K | $591K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5090 | +0.180% | $393K | $977K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.4950 | −0.219% | $151K | $141K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5000 | −0.076% | $707K | $240K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5020 | −0.019% | $207K | $449K | 50x | as long as short |
| BingX METIS-USDT | +0.0100% | 4h | 3.5010 | −0.048% | — | $2.4M | — | as long as short |
Kraken Futures PF_METISUSD
Binance METISUSDT
Bybit METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
BingX METIS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni METIS | +0.0100% | 4h | 3.5059 | +0.092% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTM | +0.0926% | 4h | 3.5160 | +0.380% | $629K | $194K | 30x | as long as short |
Variational Omni METIS
KuCoin METISUSDTM