Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.017%
Price spread now: BingX against Gate−0.141%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2602.601% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.141%, 7d avg −0.026%
=Funding pays, the price is against you. BingX is 0.115% cheaper against Gate than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.026%). If the spread goes back, that is −$12 on $10k: about 6.4 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate METIS_USDT | 3.5380 | 0.0100 | pay 0.0050% / 4h | 52m 37s | $153K | $138K | 50x |
| Short | BingX METIS-USDT | 3.5330 | 0.0160 | get 0.0080% / 4h | 52m 37s | — | $2.4M | — |
Gate METIS_USDT
BingX METIS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $12.6
- Price spread: −0.141% → −0.026%
- −$11.54
- Slippage, 4 orders
- −$235.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$259
- Costs to cover
- 2.601%
- Break-even
- 150.9 days
Slippage from Gate: live order book, 63 min ago; BingX: live order book, 11 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 Gate live order book, 63 min ago | 15.55 bp | 71.0 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 8.47 bp | 30.1 bp −$30 | 78.3 bp −$783 | 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 | −9.271% | — | $40K | 5.5x | as long as short |
| Kraken Futures PF_METISUSD | +0.0089% | 1h | 3.5354 | −0.074% | $2K | $3K | 10x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5387 | +0.020% | $12K | $21K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5327 | −0.151% | $2.2M | $4.2M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5370 | −0.028% | $697K | $587K | 20x | as long as short |
| Gate METIS_USDTlong | +0.0100% | 4h | 3.5380 | long leg | $153K | $138K | 50x | |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5360 | −0.057% | $656K | $226K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5350 | −0.085% | $208K | $431K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5484 | +0.294% | $33K | $33K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0117% | 4h | 3.5300 | −0.226% | $393K | $971K | 10x | as long as short |
Injective METIS/USDC PERP
Kraken Futures PF_METISUSD
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
MEXC METIS_USDT
Bitget METISUSDT
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-USDTshort | +0.0160% | 4h | 3.5330 | −0.141% | — | $2.4M | — | |
| KuCoin METISUSDTM | +0.0854% | 4h | 3.5500 | +0.339% | $636K | $195K | 30x | as long as short |
KuCoin METISUSDTM