Funding you earn now, next payment 00:00 UTC+0.0281%/8h= +30.7% APRpaid last 24h +0.020%
Price spread now: Bybit against Injective+10.748%7-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 +$8 a day on $10k at the current rate, and Bybit is 10.748% dearer against Injective than usual: you sell high and buy low: +$1,075 more if the spread goes back to zero (this spread has no 7-day history yet).
| 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 | 6m 52s | — | $40K | 5.5x |
| Short | Bybit METISUSDT | 3.5550 | 0.0314 | get 0.0157% / 4h | 6m 52s | $710K | $692K | 20x |
Injective METIS/USDC PERP
Bybit METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $58.95
- Price spread: +10.748% → 0.000%
- $1,074.77
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $1,122.69
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 7.02 bp | 101.8 bp −$102 | 400.3 bp −$4,003 | 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 | |
| Aster METISUSDT | +0.0100% | 4h | 3.5491 | +10.563% | $12K | $61K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5473 | +10.508% | $2.2M | $4.9M | 50x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5550 | +10.748% | $158K | $171K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5480 | +10.530% | $685K | $277K | 50x | as long as short |
| KuCoin METISUSDTM | +0.0100% | 4h | 3.5610 | +10.935% | $632K | $246K | 30x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5510 | +10.623% | $224K | $483K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5590 | +10.872% | $40K | $26K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0153% | 4h | 3.5510 | +10.623% | $392K | $1.2M | 10x | as long as short |
| BingX METIS-USDT | +0.0186% | 4h | 3.5560 | +10.779% | — | $2.4M | — | as long as short |
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
KuCoin METISUSDTM
Bitget METISUSDT
Variational Omni METIS
OKX METIS-USDT-SWAP
BingX METIS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit METISUSDTshort | +0.0314% | 4h | 3.5550 | +10.748% | $710K | $692K | 20x | |
| Kraken Futures PF_METISUSD | +0.1008% | 1h | 3.5478 | +10.523% | $2K | $8K | 10x | as long as short |
Kraken Futures PF_METISUSD