Funding you earn now, next payment 04:00 UTC−0.0658%/8h= −72.1% APRnext payment −$3.29 per $10,000 · paid last 24h −0.018%
Price spread now: Variational Omni against Bybit−0.282%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Variational Omni is 0.282% cheaper against Bybit than usual: you would sell low and buy high (−$28 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 | 3.5600 | 0.1060 | pay 0.0530% / 4h | 2h 29m | $716K | $632K | 20x |
| Short | Variational Omni METIS | 3.5499 | 0.0401 | get 0.0201% / 4h | 2h 29m | $41K | $26K | — |
Bybit METISUSDT
Variational Omni METISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$138.26
- Price spread: −0.282% → 0.000%
- −$28.23
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$177.49
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 35 min ago; Variational Omni: 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, 35 min ago | 9.79 bp | 104.5 bp −$104 | 1498.7 bp −$15.0K | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: 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 PERP | +0.0033% | 1h | 3.2100 | −9.831% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5471 | −0.362% | $11K | $22K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5510 | −0.253% | $2.2M | $4.6M | 50x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5530 | −0.197% | $155K | $142K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5510 | −0.253% | $658K | $245K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5510 | −0.253% | $222K | $456K | 50x | as long as short |
| Kraken Futures PF_METISUSD | +0.0252% | 1h | 3.5570 | −0.084% | $2K | $7K | 10x | as long as short |
| Variational Omni METISshort | +0.0401% | 4h | 3.5499 | −0.282% | $41K | $26K | — | |
| KuCoin METISUSDTM | +0.0436% | 4h | 3.5600 | 0.000% | $638K | $220K | 30x | as long as short |
| OKX METIS-USDT-SWAP | +0.0509% | 4h | 3.5560 | −0.112% | $400K | $1.1M | 10x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
Kraken Futures PF_METISUSD
KuCoin METISUSDTM
OKX METIS-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDT | +0.0954% | 4h | 3.5580 | −0.056% | — | $2.4M | — | as long as short |
| Bybit METISUSDTlong | +0.1060% | 4h | 3.5600 | long leg | $716K | $632K | 20x |
BingX METIS-USDT