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: Bybit against Gate+0.258%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$445as in the Funding arb table
Net, price: spread back to 7d avg − costs−$434as in the Price arb table
costs, in and out, $10k−$4544.536% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.258%, 7d avg +0.065%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.192% dearer against Gate than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.065%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate METIS_USDT | 3.4950 | 0.0100 | pay 0.0050% / 4h | 4m 25s | $151K | $141K | 50x |
| Short | Bybit METISUSDT | 3.5040 | 0.0100 | get 0.0050% / 4h | 4m 25s | $691K | $591K | 20x |
Gate METIS_USDT
Bybit METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.258% → +0.065%
- $19.22
- Slippage, 4 orders
- −$427.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$434.41
- Costs to cover
- 4.536%
- Break-even
- never at this rate
Slippage from Gate: live order book, 46 min ago; Bybit: live order book, 50 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, 46 min ago | 12.78 bp | 69.0 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 50 min ago | 8.45 bp | 102.3 bp −$102 | 338.0 bp −$3,380 | 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 | −8.155% | — | $40K | 5.5x | as long as short |
| Kraken Futures PF_METISUSD | +0.0090% | 1h | 3.5056 | +0.304% | $2K | $3K | 10x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5010 | +0.172% | $12K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5070 | +0.343% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDTshort | +0.0100% | 4h | 3.5040 | +0.258% | $691K | $591K | 20x | |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5030 | +0.229% | $392K | $975K | 10x | as long as short |
| Gate METIS_USDTlong | +0.0100% | 4h | 3.4950 | long leg | $151K | $141K | 50x | |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5070 | +0.343% | $708K | $240K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5060 | +0.315% | $208K | $448K | 50x | as long as short |
| BingX METIS-USDT | +0.0100% | 4h | 3.5040 | +0.258% | — | $2.4M | — | as long as short |
Injective METIS/USDC PERP
Kraken Futures PF_METISUSD
Aster METISUSDT
Binance METISUSDT
OKX METIS-USDT-SWAP
MEXC METIS_USDT
Bitget METISUSDT
BingX METIS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni METIS | +0.0100% | 4h | 3.5059 | +0.311% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTM | +0.0926% | 4h | 3.5160 | +0.601% | $629K | $194K | 30x | as long as short |
Variational Omni METIS
KuCoin METISUSDTM