Funding you earn now, next payment 01:00 UTC−0.0081%/8h= −8.8% APRpaid last 24h −0.037%
Price spread now: Injective against BingX−9.831%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 9.831% cheaper against BingX than usual: you would sell low and buy high (−$983 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX METIS-USDT | 3.5600 | 0.0114 | pay 0.0057% / 4h | 3h 16m | — | $2.4M | — |
| Short | Injective METIS/USDC PERP | 3.2100 | 0.0033 | get 0.0004% / 1h | 16m 47s | — | $40K | 5.5x |
BingX METIS-USDT
Injective METIS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$16.94
- Price spread: −9.831% → 0.000%
- −$983.15
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,010.11
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 2 min ago; Injective: 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 BingX live order book, 2 min ago | 5.63 bp | 27.2 bp −$27 | 82.6 bp −$826 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 PERPshort | +0.0033% | 1h | 3.2100 | −9.831% | — | $40K | 5.5x | |
| Aster METISUSDT | +0.0100% | 4h | 3.5545 | −0.154% | $11K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5585 | −0.041% | $2.2M | $4.7M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5650 | +0.140% | $712K | $648K | 20x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5500 | −0.281% | $152K | $164K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5550 | −0.140% | $696K | $255K | 50x | as long as short |
| KuCoin METISUSDTM | +0.0100% | 4h | 3.5630 | +0.084% | $638K | $232K | 30x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5560 | −0.112% | $223K | $459K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5589 | −0.031% | $41K | $26K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0107% | 4h | 3.5640 | +0.112% | $400K | $1.1M | 10x | as long as short |
Aster METISUSDT
Binance METISUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDTlong | +0.0114% | 4h | 3.5600 | long leg | — | $2.4M | — | |
| Kraken Futures PF_METISUSD | +0.0738% | 1h | 3.5562 | −0.107% | $2K | $7K | 10x | as long as short |
Kraken Futures PF_METISUSD