Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.42 per $10,000 · paid last 24h +0.022%
Price spread now: Bybit against MEXC+0.336%7-day average +0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2492.490% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.336%, 7d avg +0.156%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.180% dearer against MEXC than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.156%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC METIS_USDT | 3.5670 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $698K | $255K | 50x |
| Short | Bybit METISUSDT | 3.5790 | 0.0184 | get 0.0092% / 4h | 3h 12m | $716K | $650K | 20x |
MEXC METIS_USDT
Bybit METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $17.58
- Price spread: +0.336% → +0.156%
- $18
- Slippage, 4 orders
- −$234
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$213.43
- Costs to cover
- 2.490%
- Break-even
- 92.0 days
Slippage from MEXC: live order book, 53 min ago; Bybit: live order book, 58 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, 53 min ago | 2.81 bp | 13.3 bp −$13 | 63.9 bp −$639 | 227.8 bp −$22.8K | 558.7 bp −$279.3K |
| Sell Bybit live order book, 58 min ago | 7.02 bp | 101.8 bp −$102 | 400.3 bp −$4,003 | 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 | −10.008% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5640 | −0.084% | $11K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5670 | 0.000% | $2.2M | $4.7M | 50x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5600 | −0.196% | $152K | $164K | 50x | as long as short |
| MEXC METIS_USDTlong | +0.0100% | 4h | 3.5670 | long leg | $698K | $255K | 50x | |
| KuCoin METISUSDTM | +0.0100% | 4h | 3.5760 | +0.252% | $640K | $230K | 30x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5680 | +0.028% | $224K | $460K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5669 | −0.001% | $41K | $26K | — | as long as short |
| BingX METIS-USDT | +0.0127% | 4h | 3.5700 | +0.084% | — | $2.4M | — | as long as short |
| Bybit METISUSDTshort | +0.0184% | 4h | 3.5790 | +0.336% | $716K | $650K | 20x |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
KuCoin METISUSDTM
Bitget METISUSDT
Variational Omni METIS
BingX METIS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX METIS-USDT-SWAP | +0.0244% | 4h | 3.5720 | +0.140% | $401K | $1.1M | 10x | as long as short |
| Kraken Futures PF_METISUSD | +0.0735% | 1h | 3.5699 | +0.082% | $2K | $7K | 10x | as long as short |
OKX METIS-USDT-SWAP
Kraken Futures PF_METISUSD