Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against MEXC−8.286%70s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 8.286% cheaper against MEXC than usual: you would sell low and buy high (−$829 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC METIS_USDT | 3.5000 | 0.0100 | pay 0.0050% / 4h | 1h 34m | $683K | $230K | 50x |
| Short | Injective METIS/USDC PERP | 3.2100 | 0.0033 | get 0.0004% / 1h | 34m 16s | — | $40K | 5.5x |
MEXC METIS_USDT
Injective METIS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −8.286% → 0.000%
- −$828.57
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$846.59
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 1 min ago; Injective: no order-book sample. 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 MEXC live order book, 1 min ago | 2.85 bp | 12.9 bp −$13 | 64.5 bp −$645 | 225.0 bp −$22.5K | 540.6 bp −$270.3K |
| Sell Injective no order-book sample | — | — | — | — | — |
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 PERPshort | +0.0033% | 1h | 3.2100 | −8.286% | — | $40K | 5.5x | |
| Aster METISUSDT | +0.0100% | 4h | 3.5024 | +0.068% | $11K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5019 | +0.054% | $2.1M | $4.0M | 50x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5050 | +0.143% | $393K | $974K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5000 | 0.000% | $147K | $121K | 50x | as long as short |
| MEXC METIS_USDTlong | +0.0100% | 4h | 3.5000 | long leg | $683K | $230K | 50x | |
| Bitget METISUSDT | +0.0100% | 4h | 3.5020 | +0.057% | $206K | $421K | 50x | as long as short |
| Variational Omni METIS | +0.0143% | 4h | 3.5079 | +0.225% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTM | +0.0536% | 4h | 3.5030 | +0.086% | $601K | $146K | 30x | as long as short |
| Bybit METISUSDT | +0.0772% | 4h | 3.5080 | +0.229% | $694K | $569K | 20x | as long as short |
Aster METISUSDT
Binance METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
Bitget METISUSDT
Variational Omni METIS
KuCoin METISUSDTM
Bybit METISUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSD | +0.0781% | 1h | 3.5044 | +0.125% | $2K | $2K | 10x | as long as short |
| BingX METIS-USDT | +0.0842% | 4h | 3.5030 | +0.086% | — | $2.4M | — | as long as short |
Kraken Futures PF_METISUSD
BingX METIS-USDT