Funding you earn now, next payment 04:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.017%
Price spread now: BingX against Binance−0.198%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1031.035% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 7 days+0.231%+$23 · spread now −0.198%, 7d avg +0.046%
=Funding pays, the price is against you. BingX is 0.244% cheaper against Binance than usual: you would sell low and buy high (spread −0.198% now, against its 7-day average of +0.046%). If the spread goes back, that is −$24 on $10k: about 6.7 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.124% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance METISUSDT | 3.5340 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $2.2M | $4.2M | 50x |
| Short | BingX METIS-USDT | 3.5270 | 0.0222 | get 0.0111% / 4h | 1h 42m | — | $2.4M | — |
Binance METISUSDT
BingX METIS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $25.62
- Price spread: −0.198% → +0.046%
- −$24.4
- Slippage, 4 orders
- −$83.46
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$102.24
- Costs to cover
- 1.035%
- Break-even
- 34.9 days
Slippage from Binance: live order book, 10 min ago; BingX: live order book, 6 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, 10 min ago | 2.83 bp | 20.9 bp −$21 | 155.9 bp −$1,559 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 8.50 bp | 29.1 bp −$29 | 76.4 bp −$764 | 865.0 bp −$86.5K | 1254.6 bp −$627.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSD | −0.0014% | 1h | 3.5404 | +0.180% | $2K | $5K | 10x | as long as short |
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −9.168% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5266 | −0.208% | $12K | $22K | 5x | as long as short |
| Binance METISUSDTlong | +0.0100% | 4h | 3.5340 | long leg | $2.2M | $4.2M | 50x | |
| Bybit METISUSDT | +0.0100% | 4h | 3.5390 | +0.141% | $699K | $589K | 20x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5290 | −0.141% | $151K | $139K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5370 | +0.085% | $655K | $236K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5340 | 0.000% | $218K | $436K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5334 | −0.017% | $34K | $33K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0199% | 4h | 3.5370 | +0.085% | $396K | $992K | 10x | as long as short |
Kraken Futures PF_METISUSD
Injective METIS/USDC PERP
Aster METISUSDT
Bybit METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METIS
OKX METIS-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDTshort | +0.0222% | 4h | 3.5270 | −0.198% | — | $2.4M | — | |
| KuCoin METISUSDTM | +0.0400% | 4h | 3.5380 | +0.113% | $634K | $200K | 30x | as long as short |
KuCoin METISUSDTM