Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%
Price spread now: Binance against Bybit+0.057%7-day average −0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$295as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2862.858% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.057%, 7d avg −0.145%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.202% dearer against Bybit than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.145%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METISUSDT | 3.5140 | 0.0100 | pay 0.0050% / 4h | 1m 31s | $698K | $571K | 20x |
| Short | Binance METISUSDT | 3.5160 | 0.0100 | get 0.0050% / 4h | 1m 31s | $2.1M | $3.9M | 50x |
Bybit METISUSDT
Binance METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: +0.057% → −0.145%
- $20.17
- Slippage, 4 orders
- −$264.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$265.64
- Costs to cover
- 2.858%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 33 min ago; Binance: live order book, 5 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 Bybit live order book, 33 min ago | 5.67 bp | 122.1 bp −$122 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 2.85 bp | 30.0 bp −$30 | 138.6 bp −$1,386 | 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 | −8.651% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5122 | −0.052% | $11K | $23K | 5x | as long as short |
| Binance METISUSDTshort | +0.0100% | 4h | 3.5160 | +0.057% | $2.1M | $3.9M | 50x | |
| Bybit METISUSDTlong | +0.0100% | 4h | 3.5140 | long leg | $698K | $571K | 20x | |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5170 | +0.085% | $394K | $967K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5100 | −0.114% | $141K | $128K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5160 | +0.057% | $672K | $226K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5110 | −0.085% | $206K | $413K | 50x | as long as short |
| BingX METIS-USDT | +0.0100% | 4h | 3.5130 | −0.028% | — | $2.4M | — | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5160 | +0.058% | $33K | $34K | — | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
BingX METIS-USDT
Variational Omni METISShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSD | +0.0141% | 1h | 3.5140 | 0.000% | $2K | $2K | 10x | as long as short |
| KuCoin METISUSDTM | +0.0218% | 4h | 3.5270 | +0.370% | $644K | $150K | 30x | as long as short |
Kraken Futures PF_METISUSD
KuCoin METISUSDTM