Funding you earn now, next payment 08:00 UTC−0.0648%/8h= −70.9% APRnext payment −$3.24 per $10,000 · paid last 24h −0.022%
Price spread now: MEXC against Bybit−0.200%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$262as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2532.527% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.200%, 7d avg −0.158%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and MEXC is 0.041% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.158%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METISUSDT | 3.5080 | 0.0748 | pay 0.0374% / 4h | 1h 33m | $694K | $569K | 20x |
| Short | MEXC METIS_USDT | 3.5010 | 0.0100 | get 0.0050% / 4h | 1h 33m | $683K | $230K | 50x |
Bybit METISUSDT
MEXC METIS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$136.01
- Price spread: −0.200% → −0.158%
- −$4.12
- Slippage, 4 orders
- −$237.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$392.86
- Costs to cover
- 2.527%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; MEXC: live order book, 2 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, 6 min ago | 9.98 bp | 120.6 bp −$121 | 1573.6 bp −$15.7K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 2.85 bp | 15.9 bp −$16 | 82.0 bp −$820 | 229.4 bp −$22.9K | 538.7 bp −$269.3K |
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 | −8.495% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5022 | −0.166% | $11K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5018 | −0.175% | $2.1M | $4.0M | 50x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5050 | −0.086% | $393K | $974K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5000 | −0.228% | $147K | $121K | 50x | as long as short |
| MEXC METIS_USDTshort | +0.0100% | 4h | 3.5010 | −0.200% | $683K | $230K | 50x | |
| Bitget METISUSDT | +0.0100% | 4h | 3.5020 | −0.171% | $206K | $421K | 50x | as long as short |
| Variational Omni METIS | +0.0143% | 4h | 3.5079 | −0.003% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTM | +0.0526% | 4h | 3.5110 | +0.086% | $602K | $146K | 30x | as long as short |
| Bybit METISUSDTlong | +0.0748% | 4h | 3.5080 | long leg | $694K | $569K | 20x |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
Bitget METISUSDT
Variational Omni METIS
KuCoin METISUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSD | +0.0781% | 1h | 3.5039 | −0.117% | $2K | $2K | 10x | as long as short |
| BingX METIS-USDT | +0.0842% | 4h | 3.5040 | −0.114% | — | $2.4M | — | as long as short |
Kraken Futures PF_METISUSD
BingX METIS-USDT