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: Gate against MEXC−0.057%7-day average +0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$1981.981% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.057%, 7d avg +0.088%
Together, before fees+0.148%+$15 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: Gate is 0.145% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC METIS_USDT3.50200.0100pay 0.0050% / 4h1h 37m$683K$230K50x
ShortGate METIS_USDT3.50000.0100get 0.0050% / 4h1h 37m$147K$121K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.057% → +0.088%
−$14.54
Slippage, 4 orders
−$179.13
Fee MEXC: 2 bp × 2 orders
−$4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$212.67
Costs to cover
1.981%
Break-even
never at this rate
Slippage from MEXC: live order book, 63 min ago; Gate: live order book, 64 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, 63 min ago4.36 bp10.7 bp −$1141.9 bp −$419221.9 bp −$22.2K531.7 bp −$265.8K
Sell Gate live order book, 64 min ago10.17 bp98.7 bp −$99doesn't fitdoesn'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%1h3.2100−8.338%$40K5.5xas long as short
Aster METISUSDT+0.0100%4h3.5017−0.007%$11K$24K5xas long as short
Binance METISUSDT+0.0100%4h3.50200.000%$2.1M$4.0M50xas long as short
OKX METIS-USDT-SWAP+0.0100%4h3.5000−0.057%$393K$973K10xas long as short
Gate METIS_USDTshort+0.0100%4h3.5000−0.057%$147K$121K50x
MEXC METIS_USDTlong+0.0100%4h3.5020long leg$683K$230K50x
Bitget METISUSDT+0.0100%4h3.50200.000%$206K$421K50xas long as short
Variational Omni METIS+0.0175%4h3.5039+0.054%$33K$34Kas long as short
KuCoin METISUSDTM+0.0570%4h3.50200.000%$601K$147K30xas long as short
Kraken Futures PF_METISUSD+0.0780%1h3.5068+0.136%$2K$2K10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit METISUSDT+0.0833%4h3.5080+0.171%$694K$569K20xas long as short
BingX METIS-USDT+0.0842%4h3.5030+0.029%$2.4Mas long as short