Funding you earn now, next payment 06:00 UTC−0.0951%/8h= −104.1% APRpaid last 24h −0.042%
Price spread now: Injective against Bybit−7.359%7-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 −$29 a day on $10k at the current rate, and Injective is 7.359% cheaper against Bybit than usual: you would sell low and buy high (−$736 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METISUSDT | 3.4650 | 0.0984 | pay 0.0492% / 4h | 2h 20m | $692K | $578K | 20x |
| Short | Injective METIS/USDC PERP | 3.2100 | 0.0033 | get 0.0004% / 1h | 20m 45s | — | $40K | 5.5x |
Bybit METISUSDT
Injective METIS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$199.65
- Price spread: −7.359% → 0.000%
- −$735.93
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$946.6
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 24 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 Bybit live order book, 24 min ago | 7.21 bp | 115.1 bp −$115 | 698.6 bp −$6,986 | 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 | −7.359% | — | $40K | 5.5x | |
| Aster METISUSDT | +0.0100% | 4h | 3.4570 | −0.231% | $11K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.4601 | −0.142% | $2.1M | $4.0M | 50x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.4610 | −0.115% | $383K | $951K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.4540 | −0.317% | $141K | $138K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.4570 | −0.231% | $674K | $234K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.4600 | −0.144% | $197K | $427K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.4669 | +0.055% | $32K | $34K | — | as long as short |
| BingX METIS-USDT | +0.0692% | 4h | 3.4610 | −0.115% | — | $2.4M | — | as long as short |
| Kraken Futures PF_METISUSD | +0.0763% | 1h | 3.4579 | −0.204% | $2K | $2K | 10x | as long as short |
Aster METISUSDT
Binance METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METIS
BingX METIS-USDT
Kraken Futures PF_METISUSDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit METISUSDTlong | +0.0984% | 4h | 3.4650 | long leg | $692K | $578K | 20x | |
| KuCoin METISUSDTM | +0.1004% | 4h | 3.4570 | −0.231% | $594K | $190K | 30x | as long as short |
KuCoin METISUSDTM