Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.284%7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$222as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2292.290% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)−0.262%−$26 · spread now +0.284%, 7d avg +0.140%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.144% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.140%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance METISUSDT | 3.5210 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $2.2M | $6.5M | 50x |
| Short | Bybit METISUSDT | 3.5310 | 0.0100 | get 0.0050% / 4h | 2h 37m | $714K | $983K | 20x |
Binance METISUSDT
Bybit METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.284% → +0.140%
- $14.35
- Slippage, 4 orders
- −$207.96
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$214.6
- Costs to cover
- 2.290%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; Bybit: live order book, 47 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, 16 min ago | 2.85 bp | 28.8 bp −$29 | 211.2 bp −$2,112 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 47 min ago | 5.64 bp | 79.1 bp −$79 | 422.5 bp −$4,225 | doesn't fit | doesn't fit |
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 | −0.0185% | 1h | 3.5287 | +0.218% | $2K | $9K | 10x | as long as short |
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −8.833% | — | $40K | 5.5x | as long as short |
| BingX METIS-USDT | +0.0070% | 4h | 3.5280 | +0.199% | — | $2.4M | — | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5210 | 0.000% | $12K | $61K | 5x | as long as short |
| Binance METISUSDTlong | +0.0100% | 4h | 3.5210 | long leg | $2.2M | $6.5M | 50x | |
| Bybit METISUSDTshort | +0.0100% | 4h | 3.5310 | +0.284% | $714K | $983K | 20x | |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5260 | +0.142% | $386K | $1.6M | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5250 | +0.114% | $158K | $262K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5190 | −0.057% | $647K | $307K | 50x | as long as short |
| KuCoin METISUSDTM | +0.0100% | 4h | 3.5220 | +0.028% | $626K | $336K | 30x | as long as short |
Kraken Futures PF_METISUSD
Injective METIS/USDC PERP
BingX METIS-USDT
Aster METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
KuCoin METISUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget METISUSDT | +0.0100% | 4h | 3.5240 | +0.085% | $224K | $623K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5230 | +0.057% | $40K | $26K | — | as long as short |
Bitget METISUSDT
Variational Omni METIS