Funding you earn now, next payment 04:00 UTC−0.0099%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.008%
Price spread now: Bitget against OKX0.000%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1511.506% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.156%−$16 · spread now 0.000%, 7d avg −0.015%
=The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX METIS-USDT-SWAP | 3.5340 | 0.0199 | pay 0.0100% / 4h | 1h 41m | $396K | $991K | 10x |
| Short | Bitget METISUSDT | 3.5340 | 0.0100 | get 0.0050% / 4h | 1h 41m | $218K | $436K | 50x |
OKX METIS-USDT-SWAP
Bitget METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$20.89
- Price spread: 0.000% → −0.015%
- $1.48
- Slippage, 4 orders
- −$128.56
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$169.98
- Costs to cover
- 1.506%
- Break-even
- never at this rate
Slippage from OKX: live order book, 9 min ago; Bitget: live order book, 18 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 OKX live order book, 9 min ago | 9.89 bp | 38.3 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 18 min ago | 9.87 bp | 30.9 bp −$31 | 168.0 bp −$1,680 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSD | −0.0014% | 1h | 3.5404 | +0.180% | $2K | $5K | 10x | as long as short |
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −9.168% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5269 | −0.201% | $12K | $22K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5300 | −0.113% | $2.2M | $4.2M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5370 | +0.085% | $698K | $589K | 20x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5290 | −0.141% | $151K | $139K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5300 | −0.113% | $654K | $236K | 50x | as long as short |
| Bitget METISUSDTshort | +0.0100% | 4h | 3.5340 | 0.000% | $218K | $436K | 50x | |
| Variational Omni METIS | +0.0100% | 4h | 3.5334 | −0.017% | $34K | $33K | — | as long as short |
| OKX METIS-USDT-SWAPlong | +0.0199% | 4h | 3.5340 | long leg | $396K | $991K | 10x |
Kraken Futures PF_METISUSD
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
Variational Omni METISShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDT | +0.0222% | 4h | 3.5280 | −0.170% | — | $2.4M | — | as long as short |
| KuCoin METISUSDTM | +0.0400% | 4h | 3.5380 | +0.113% | $634K | $199K | 30x | as long as short |
BingX METIS-USDT
KuCoin METISUSDTM