Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Bitget against Injective+9.097%91s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 9.097% dearer against Injective than usual: you sell high and buy low: +$910 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective METIS/USDC PERP | 3.2100 | 0.0033 | pay 0.0004% / 1h | 3m 49s | — | $40K | 5.5x |
| Short | Bitget METISUSDT | 3.5020 | 0.0100 | get 0.0050% / 4h | 3m 49s | $207K | $449K | 50x |
Injective METIS/USDC PERP
Bitget METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Injective. 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
- $14
- Price spread: +9.097% → 0.000%
- $909.66
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $911.64
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 51 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 51 min ago | 9.89 bp | 26.3 bp −$26 | 149.7 bp −$1,497 | doesn't fit | doesn't fit |
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 PERPlong | +0.0033% | 1h | 3.2100 | long leg | — | $40K | 5.5x | |
| Kraken Futures PF_METISUSD | +0.0090% | 1h | 3.5094 | +9.328% | $2K | $3K | 10x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5010 | +9.065% | $12K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5064 | +9.232% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5040 | +9.159% | $691K | $591K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5090 | +9.315% | $393K | $977K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.4950 | +8.879% | $151K | $141K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5000 | +9.034% | $707K | $240K | 50x | as long as short |
| Bitget METISUSDTshort | +0.0100% | 4h | 3.5020 | +9.097% | $207K | $449K | 50x | |
| BingX METIS-USDT | +0.0100% | 4h | 3.5010 | +9.065% | — | $2.4M | — | as long as short |
Kraken Futures PF_METISUSD
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
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 | +9.218% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTM | +0.0926% | 4h | 3.5160 | +9.533% | $629K | $194K | 30x | as long as short |
Variational Omni METIS
KuCoin METISUSDTM