Settings8H · net · $10k
Funding arb · Price arb /

METIS

all METIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC−0.116%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$900.901% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.116%, 7d avg +0.048%
Together, before fees+0.124%+$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.164% cheaper against MEXC than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC METIS_USDT3.45300.0100pay 0.0050% / 4h2h 22m$673K$234K50x
ShortBitget METISUSDT3.44900.0100get 0.0050% / 4h2h 22m$201K$423K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.116% → +0.048%
−$16.37
Slippage, 4 orders
−$74.1
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$106.47
Costs to cover
0.901%
Break-even
never at this rate
Slippage from MEXC: live order book, 18 min ago; Bitget: live order book, 22 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 18 min ago4.36 bp10.7 bp −$1141.9 bp −$419221.9 bp −$22.2K531.7 bp −$265.8K
Sell Bitget live order book, 22 min ago5.78 bp28.0 bp −$28192.9 bp −$1,929doesn't fitdoesn't fit

METIS on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective METIS/USDC PERP+0.0033%1h3.2100−7.037%$40K5.5xas long as short
Aster METISUSDT+0.0100%4h3.4544+0.041%$11K$24K5xas long as short
Binance METISUSDT+0.0100%4h3.4560+0.087%$2.1M$4.0M50xas long as short
OKX METIS-USDT-SWAP+0.0100%4h3.4560+0.087%$383K$951K10xas long as short
Gate METIS_USDT+0.0100%4h3.4500−0.087%$141K$138K50xas long as short
MEXC METIS_USDTlong+0.0100%4h3.4530long leg$673K$234K50x
Bitget METISUSDTshort+0.0100%4h3.4490−0.116%$201K$423K50x
Variational Omni METIS+0.0100%4h3.4464−0.190%$32K$34Kas long as short
BingX METIS-USDT+0.0623%4h3.4500−0.087%$2.4Mas long as short
Kraken Futures PF_METISUSD+0.0763%1h3.4575+0.130%$2K$2K10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit METISUSDT+0.0888%4h3.4570+0.116%$690K$578K20xas long as short
KuCoin METISUSDTM+0.1012%4h3.4590+0.174%$625K$180K30xas long as short