Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Bitget−9.781%51s7-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 9.781% cheaper against Bitget than usual: you would sell low and buy high (−$978 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget METISUSDT | 3.5580 | 0.0100 | pay 0.0050% / 4h | 8m 25s | $224K | $483K | 50x |
| Short | Injective METIS/USDC PERP | 3.2100 | 0.0033 | get 0.0004% / 1h | 8m 25s | — | $40K | 5.5x |
Bitget METISUSDT
Injective METIS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- −$14
- Price spread: −9.781% → 0.000%
- −$978.08
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,004.1
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 7.03 bp | 27.3 bp −$27 | 269.8 bp −$2,698 | 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 | −9.781% | — | $40K | 5.5x | |
| Aster METISUSDT | +0.0100% | 4h | 3.5492 | −0.247% | $12K | $61K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5550 | −0.084% | $2.2M | $5.0M | 50x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5540 | −0.112% | $158K | $171K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5560 | −0.056% | $686K | $277K | 50x | as long as short |
| KuCoin METISUSDTM | +0.0100% | 4h | 3.5610 | +0.084% | $632K | $257K | 30x | as long as short |
| Bitget METISUSDTlong | +0.0100% | 4h | 3.5580 | long leg | $224K | $483K | 50x | |
| BingX METIS-USDT | +0.0100% | 4h | 3.5560 | −0.056% | — | $2.4M | — | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5590 | +0.028% | $40K | $26K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0125% | 4h | 3.5600 | +0.056% | $393K | $1.2M | 10x | as long as short |
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
KuCoin METISUSDTM
BingX METIS-USDT
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 METISUSDT | +0.0250% | 4h | 3.5610 | +0.084% | $711K | $693K | 20x | as long as short |
| Kraken Futures PF_METISUSD | +0.1005% | 1h | 3.5576 | −0.012% | $2K | $8K | 10x | as long as short |
Bybit METISUSDT
Kraken Futures PF_METISUSD