Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.017%
Price spread now: MEXC against BingX−0.028%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$830.827% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.028%, 7d avg −0.069%
=The price spread pays, funding is against you. MEXC is 0.040% dearer against BingX than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.069%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX METIS-USDT | 3.5330 | 0.0186 | pay 0.0093% / 4h | 1h 39m | — | $2.4M | — |
| Short | MEXC METIS_USDT | 3.5320 | 0.0100 | get 0.0050% / 4h | 1h 39m | $654K | $236K | 50x |
BingX METIS-USDT
MEXC METIS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$18.06
- Price spread: −0.028% → −0.069%
- $4.02
- Slippage, 4 orders
- −$68.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$96.72
- Costs to cover
- 0.827%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; MEXC: live order book, 16 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, 9 min ago | 8.50 bp | 27.8 bp −$28 | 77.5 bp −$775 | 1002.1 bp −$100.2K | doesn't fit |
| Sell MEXC live order book, 16 min ago | 2.83 bp | 13.4 bp −$13 | 57.7 bp −$577 | 236.9 bp −$23.7K | 528.8 bp −$264.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSD | −0.0014% | 1h | 3.5325 | −0.015% | $2K | $5K | 10x | as long as short |
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −9.142% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5423 | +0.263% | $12K | $22K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5320 | −0.028% | $2.2M | $4.2M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5330 | 0.000% | $697K | $589K | 20x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5310 | −0.057% | $152K | $139K | 50x | as long as short |
| MEXC METIS_USDTshort | +0.0100% | 4h | 3.5320 | −0.028% | $654K | $236K | 50x | |
| Bitget METISUSDT | +0.0100% | 4h | 3.5300 | −0.085% | $218K | $436K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5348 | +0.051% | $33K | $33K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0184% | 4h | 3.5270 | −0.170% | $395K | $989K | 10x | as long as short |
Kraken Futures PF_METISUSD
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
Gate 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 | +0.0186% | 4h | 3.5330 | long leg | — | $2.4M | — | |
| KuCoin METISUSDTM | +0.0438% | 4h | 3.5330 | 0.000% | $633K | $199K | 30x | as long as short |
KuCoin METISUSDTM