Funding you earn now, next payment 08:00 UTC−0.0284%/8h= −31.1% APRnext payment −$1.42 per $10,000 · paid last 24h −0.017%
Price spread now: Binance against BingX−0.057%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1181.183% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 7 days+0.068%+$7 · spread now −0.057%, 7d avg −0.044%
=The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX METIS-USDT | 3.5130 | 0.0384 | pay 0.0192% / 4h | 58m 51s | — | $2.4M | — |
| Short | Binance METISUSDT | 3.5110 | 0.0100 | get 0.0050% / 4h | 58m 51s | $2.1M | $3.9M | 50x |
BingX METIS-USDT
Binance METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$59.64
- Price spread: −0.057% → −0.044%
- −$1.27
- Slippage, 4 orders
- −$98.32
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$179.23
- Costs to cover
- 1.183%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Binance: 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 BingX live order book, 5 min ago | 8.52 bp | 32.5 bp −$33 | 102.2 bp −$1,022 | 900.8 bp −$90.1K | 1330.3 bp −$665.1K |
| Sell Binance live order book, 8 min ago | 4.26 bp | 28.0 bp −$28 | 163.2 bp −$1,632 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −8.625% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5104 | −0.074% | $11K | $23K | 5x | as long as short |
| Binance METISUSDTshort | +0.0100% | 4h | 3.5110 | −0.057% | $2.1M | $3.9M | 50x | |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5100 | −0.085% | $395K | $970K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5120 | −0.028% | $148K | $121K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5100 | −0.085% | $685K | $215K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5100 | −0.085% | $207K | $415K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5139 | +0.025% | $33K | $34K | — | as long as short |
| Kraken Futures PF_METISUSD | +0.0141% | 1h | 3.5133 | +0.010% | $2K | $2K | 10x | as long as short |
| KuCoin METISUSDTM | +0.0210% | 4h | 3.5110 | −0.057% | $600K | $133K | 30x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METIS
Kraken Futures PF_METISUSD
KuCoin METISUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit METISUSDT | +0.0328% | 4h | 3.5180 | +0.142% | $697K | $566K | 20x | as long as short |
| BingX METIS-USDTlong | +0.0384% | 4h | 3.5130 | long leg | — | $2.4M | — |
Bybit METISUSDT