Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.017%
Price spread now: Gate against BingX−0.141%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2602.601% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.235%+$24 · spread now −0.141%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.167% cheaper against BingX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX METIS-USDT | 3.5420 | 0.0160 | pay 0.0080% / 4h | 53m 48s | — | $2.4M | — |
| Short | Gate METIS_USDT | 3.5370 | 0.0100 | get 0.0050% / 4h | 53m 48s | $153K | $138K | 50x |
BingX METIS-USDT
Gate METIS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$12.6
- Price spread: −0.141% → +0.026%
- −$16.7
- Slippage, 4 orders
- −$235.06
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$289.36
- Costs to cover
- 2.601%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Gate: live order book, 62 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, 10 min ago | 8.47 bp | 28.0 bp −$28 | 72.6 bp −$726 | 945.0 bp −$94.5K | doesn't fit |
| Sell Gate live order book, 62 min ago | 15.55 bp | 131.0 bp −$131 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −9.373% | — | $40K | 5.5x | as long as short |
| Kraken Futures PF_METISUSD | +0.0089% | 1h | 3.5425 | +0.014% | $2K | $3K | 10x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5389 | −0.088% | $12K | $21K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5400 | −0.056% | $2.2M | $4.2M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5480 | +0.169% | $699K | $587K | 20x | as long as short |
| Gate METIS_USDTshort | +0.0100% | 4h | 3.5370 | −0.141% | $153K | $138K | 50x | |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5410 | −0.028% | $657K | $226K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5390 | −0.085% | $209K | $431K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5484 | +0.181% | $33K | $33K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0123% | 4h | 3.5420 | 0.000% | $395K | $982K | 10x | as long as short |
Injective METIS/USDC PERP
Kraken Futures PF_METISUSD
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
MEXC METIS_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDTlong | +0.0160% | 4h | 3.5420 | long leg | — | $2.4M | — | |
| KuCoin METISUSDTM | +0.0848% | 4h | 3.5510 | +0.254% | $636K | $196K | 30x | as long as short |
KuCoin METISUSDTM