Funding arb · Price arb /

METIS

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Swap Backtest

Alert: funding

Alert: spread

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: Variational Omni against Binance+0.368%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.368% dearer against Binance than usual: you sell high and buy low, +$37 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METISUSDT	3.5459	0.0100	pay 0.0050% / 4h	7m 12s	$2.2M	$4.9M	50x
Short	Variational Omni METIS	3.5590	0.0100	get 0.0050% / 4h	7m 12s	$40K	$26K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersPrice spread, now +0.368%Rate

Funding earned: $0
Price spread: +0.368% → 0.000%: $36.77
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $26.77
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 1 min ago; Variational Omni: 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 Binance live order book, 1 min ago	2.82 bp	28.7 bp −$29	234.9 bp −$2,349	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 PERP	+0.0033%	1h	3.2100	−9.474%	—	$40K	5.5x	as long as short
Aster METISUSDT	+0.0100%	4h	3.5491	+0.090%	$12K	$61K	5x	as long as short
Binance METISUSDTlong	+0.0100%	4h	3.5459	long leg	$2.2M	$4.9M	50x
Gate METIS_USDT	+0.0100%	4h	3.5550	+0.255%	$158K	$171K	50x	as long as short
MEXC METIS_USDT	+0.0100%	4h	3.5460	+0.002%	$684K	$277K	50x	as long as short
KuCoin METISUSDTM	+0.0100%	4h	3.5620	+0.453%	$632K	$246K	30x	as long as short
Bitget METISUSDT	+0.0100%	4h	3.5500	+0.114%	$224K	$483K	50x	as long as short
Variational Omni METISshort	+0.0100%	4h	3.5590	+0.368%	$40K	$26K	—
OKX METIS-USDT-SWAP	+0.0153%	4h	3.5510	+0.143%	$392K	$1.2M	10x	as long as short
BingX METIS-USDT	+0.0186%	4h	3.5500	+0.114%	—	$2.4M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit METISUSDT	+0.0314%	4h	3.5520	+0.171%	$710K	$692K	20x	as long as short
Kraken Futures PF_METISUSD	+0.1008%	1h	3.5478	+0.052%	$2K	$8K	10x	as long as short