Settings8H · net · $10k
Funding arb · Price arb /

METIS

all METIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bitget+0.028%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$890.891% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.028%, 7d avg −0.052%
Together, before fees−0.041%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.080% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget METISUSDT3.56900.0100pay 0.0050% / 4h3h 13m$224K$459K50x
ShortMEXC METIS_USDT3.57000.0100get 0.0050% / 4h3h 13m$699K$255K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.028% → −0.052%
$7.98
Slippage, 4 orders
−$73.13
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$81.15
Costs to cover
0.891%
Break-even
never at this rate
Slippage from Bitget: live order book, 56 min ago; MEXC: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 56 min ago7.03 bp27.3 bp −$27269.8 bp −$2,698doesn't fitdoesn't fit
Sell MEXC live order book, 52 min ago2.81 bp16.0 bp −$1693.0 bp −$930252.0 bp −$25.2K575.3 bp −$287.7K

METIS on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective METIS/USDC PERP+0.0033%1h3.2100−10.059%$40K5.5xas long as short
Aster METISUSDT+0.0100%4h3.5666−0.068%$12K$24K5xas long as short
Binance METISUSDT+0.0100%4h3.5710+0.056%$2.2M$4.7M50xas long as short
Bybit METISUSDT+0.0100%4h3.5800+0.308%$716K$650K20xas long as short
Gate METIS_USDT+0.0100%4h3.5600−0.252%$152K$164K50xas long as short
MEXC METIS_USDTshort+0.0100%4h3.5700+0.028%$699K$255K50x
KuCoin METISUSDTM+0.0100%4h3.5790+0.280%$641K$229K30xas long as short
Bitget METISUSDTlong+0.0100%4h3.5690long leg$224K$459K50x
Variational Omni METIS+0.0100%4h3.5669−0.058%$41K$26Kas long as short
BingX METIS-USDT+0.0106%4h3.5750+0.168%$2.4Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX METIS-USDT-SWAP+0.0183%4h3.5770+0.224%$402K$1.1M10xas long as short
Kraken Futures PF_METISUSD+0.0734%1h3.5764+0.207%$2K$7K10xas long as short