Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: OKX against Binance+0.046%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1351.346% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days−0.131%−$13 · spread now +0.046%, 7d avg +0.044%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance METISUSDT | 3.5404 | 0.0100 | pay 0.0050% / 4h | 3h 13m | $2.2M | $3.9M | 50x |
| Short | OKX METIS-USDT-SWAP | 3.5420 | 0.0100 | get 0.0050% / 4h | 3h 13m | $397K | $975K | 10x |
Binance METISUSDT
OKX METIS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.046% → +0.044%
- $0.19
- Slippage, 4 orders
- −$114.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$134.4
- Costs to cover
- 1.346%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; OKX: live order book, 8 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, 8 min ago | 5.67 bp | 31.4 bp −$31 | 253.5 bp −$2,535 | doesn't fit | doesn't fit |
| Sell OKX live order book, 8 min ago | 7.08 bp | 33.5 bp −$34 | doesn't fit | 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 | −0.0111% | 1h | 3.5408 | +0.011% | $2K | $2K | 10x | as long as short |
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −9.331% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5396 | −0.022% | $11K | $22K | 5x | as long as short |
| Binance METISUSDTlong | +0.0100% | 4h | 3.5404 | long leg | $2.2M | $3.9M | 50x | |
| OKX METIS-USDT-SWAPshort | +0.0100% | 4h | 3.5420 | +0.046% | $397K | $975K | 10x | |
| Gate METIS_USDT | +0.0100% | 4h | 3.5400 | −0.010% | $143K | $123K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5400 | −0.010% | $683K | $215K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5420 | +0.046% | $205K | $412K | 50x | as long as short |
| Variational Omni METIS | +0.0226% | 4h | 3.5490 | +0.244% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTM | +0.1112% | 4h | 3.5590 | +0.526% | $684K | $152K | 30x | as long as short |
Kraken Futures PF_METISUSD
Injective METIS/USDC PERP
Aster METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METIS
KuCoin METISUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit METISUSDT | +0.2429% | 4h | 3.5420 | +0.046% | $706K | $548K | 20x | as long as short |
| BingX METIS-USDT | +0.2720% | 4h | 3.5440 | +0.103% | — | $2.4M | — | as long as short |
Bybit METISUSDT
BingX METIS-USDT