Funding you earn now, next payment 04:00 UTC+0.0906%/8h= +99.2% APRnext payment +$4.53 per $10,000 · paid last 24h +0.017%
Price spread now: BingX against MEXC+0.140%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$990.987% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.140%, 7d avg +0.068%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and BingX is 0.073% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.068%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC METIS_USDT | 3.5660 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $661K | $245K | 50x |
| Short | BingX METIS-USDT | 3.5710 | 0.1006 | get 0.0503% / 4h | 2h 26m | — | $2.4M | — |
MEXC METIS_USDT
BingX METIS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $190.26
- Price spread: +0.140% → +0.068%
- $7.26
- Slippage, 4 orders
- −$84.69
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $98.83
- Costs to cover
- 0.987%
- Break-even
- 3.4 days
Slippage from MEXC: live order book, 34 min ago; BingX: live order book, 3 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 MEXC live order book, 34 min ago | 4.25 bp | 15.0 bp −$15 | 71.3 bp −$713 | 209.4 bp −$20.9K | 539.2 bp −$269.6K |
| Sell BingX live order book, 3 min ago | 9.84 bp | 35.9 bp −$36 | 90.1 bp −$901 | 900.2 bp −$90.0K | 1343.5 bp −$671.7K |
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 | −9.983% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5667 | +0.019% | $12K | $22K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5673 | +0.036% | $2.2M | $4.6M | 50x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5640 | −0.056% | $156K | $142K | 50x | as long as short |
| MEXC METIS_USDTlong | +0.0100% | 4h | 3.5660 | long leg | $661K | $245K | 50x | |
| Bitget METISUSDT | +0.0100% | 4h | 3.5690 | +0.084% | $229K | $462K | 50x | as long as short |
| Kraken Futures PF_METISUSD | +0.0251% | 1h | 3.5690 | +0.084% | $2K | $7K | 10x | as long as short |
| Variational Omni METIS | +0.0443% | 4h | 3.5739 | +0.222% | $41K | $26K | — | as long as short |
| KuCoin METISUSDTM | +0.0508% | 4h | 3.5720 | +0.168% | $640K | $220K | 30x | as long as short |
| OKX METIS-USDT-SWAP | +0.0511% | 4h | 3.5710 | +0.140% | $402K | $1.1M | 10x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
Bitget METISUSDT
Kraken Futures PF_METISUSD
Variational Omni METIS
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-USDTshort | +0.1006% | 4h | 3.5710 | +0.140% | — | $2.4M | — | |
| Bybit METISUSDT | +0.1070% | 4h | 3.5730 | +0.196% | $718K | $630K | 20x | as long as short |
Bybit METISUSDT