Funding you earn now, next payment 00:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against BingX+0.169%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2702.699% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.169%, 7d avg +0.092%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.077% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX METIS-USDT | 3.5550 | 0.0100 | pay 0.0050% / 4h | 9m 12s | — | $2.4M | — |
| Short | Bybit METISUSDT | 3.5610 | 0.0185 | get 0.0093% / 4h | 9m 12s | $711K | $693K | 20x |
BingX METIS-USDT
Bybit METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $17.9
- Price spread: +0.169% → +0.092%
- $7.69
- Slippage, 4 orders
- −$248.87
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$244.27
- Costs to cover
- 2.699%
- Break-even
- 102.5 days
Slippage from BingX: live order book, 10 min ago; Bybit: live order book, just now.
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, 10 min ago | 8.45 bp | 15.7 bp −$16 | 65.8 bp −$658 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 7.02 bp | 101.8 bp −$102 | 400.3 bp −$4,003 | 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 | −9.705% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5488 | −0.173% | $12K | $61K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5534 | −0.045% | $2.2M | $5.0M | 50x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5400 | −0.422% | $158K | $171K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5530 | −0.056% | $686K | $277K | 50x | as long as short |
| KuCoin METISUSDTM | +0.0100% | 4h | 3.5600 | +0.141% | $632K | $257K | 30x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5520 | −0.084% | $224K | $483K | 50x | as long as short |
| BingX METIS-USDTlong | +0.0100% | 4h | 3.5550 | long leg | — | $2.4M | — | |
| Variational Omni METIS | +0.0100% | 4h | 3.5590 | +0.112% | $40K | $26K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0125% | 4h | 3.5550 | 0.000% | $393K | $1.2M | 10x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
KuCoin METISUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit METISUSDTshort | +0.0185% | 4h | 3.5610 | +0.169% | $711K | $693K | 20x | |
| Kraken Futures PF_METISUSD | +0.1005% | 1h | 3.5576 | +0.072% | $2K | $8K | 10x | as long as short |
Kraken Futures PF_METISUSD