Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%
Price spread now: Bitget against Bybit−0.281%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$289as in the Funding arb table
Net, price: spread back to 7d avg − costs−$297as in the Price arb table
costs, in and out, $10k−$2802.795% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.281%, 7d avg −0.105%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.177% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.105%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METISUSDT | 3.5550 | 0.0100 | pay 0.0050% / 4h | 3h 18m | $710K | $650K | 20x |
| Short | Bitget METISUSDT | 3.5450 | 0.0100 | get 0.0050% / 4h | 3h 18m | $223K | $459K | 50x |
Bybit METISUSDT
Bitget METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.281% → −0.105%
- −$17.67
- Slippage, 4 orders
- −$256.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$297.21
- Costs to cover
- 2.795%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 51 min ago; Bitget: live order book, 51 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, 51 min ago | 7.02 bp | 117.9 bp −$118 | 704.6 bp −$7,046 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 51 min ago | 7.03 bp | 32.5 bp −$32 | 190.9 bp −$1,909 | 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 | −9.705% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5455 | −0.266% | $11K | $28K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5456 | −0.264% | $2.2M | $4.7M | 50x | as long as short |
| Bybit METISUSDTlong | +0.0100% | 4h | 3.5550 | long leg | $710K | $650K | 20x | |
| Gate METIS_USDT | +0.0100% | 4h | 3.5500 | −0.141% | $152K | $164K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5410 | −0.394% | $693K | $254K | 50x | as long as short |
| KuCoin METISUSDTM | +0.0100% | 4h | 3.5560 | +0.028% | $637K | $232K | 30x | as long as short |
| Bitget METISUSDTshort | +0.0100% | 4h | 3.5450 | −0.281% | $223K | $459K | 50x | |
| Variational Omni METIS | +0.0100% | 4h | 3.5589 | +0.110% | $41K | $26K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0105% | 4h | 3.5550 | 0.000% | $399K | $1.1M | 10x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
KuCoin METISUSDTM
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-USDT | +0.0114% | 4h | 3.5530 | −0.056% | — | $2.4M | — | as long as short |
| Kraken Futures PF_METISUSD | +0.0739% | 1h | 3.5497 | −0.148% | $2K | $7K | 10x | as long as short |
BingX METIS-USDT
Kraken Futures PF_METISUSD