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

METIS

all METIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0300%/8h= −32.9% APRnext payment $1.50 per $10,000 · paid last 24h −0.004%
Price spread now: Aster against Variational Omni−0.417%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.417% cheaper against Variational Omni than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni METIS3.55090.0400pay 0.0200% / 4h2h 32m$41K$26K
ShortAster METISUSDT3.53610.0100get 0.0050% / 4h2h 32m$11K$22K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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
−$63.05
Price spread: −0.417% → 0.000%
−$41.7
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$112.75
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Aster no order-book sample
Variational Omni and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective METIS/USDC PERP+0.0033%1h3.2100−9.602%$40K5.5xas long as short
Aster METISUSDTshort+0.0100%4h3.5361−0.417%$11K$22K5x
Binance METISUSDT+0.0100%4h3.5367−0.400%$2.2M$4.7M50xas long as short
Gate METIS_USDT+0.0100%4h3.5300−0.590%$154K$142K50xas long as short
MEXC METIS_USDT+0.0100%4h3.5360−0.421%$655K$244K50xas long as short
Bitget METISUSDT+0.0100%4h3.5380−0.365%$216K$452K50xas long as short
Kraken Futures PF_METISUSD+0.0254%1h3.5365−0.407%$2K$7K10xas long as short
KuCoin METISUSDTM+0.0364%4h3.5500−0.027%$636K$220K30xas long as short
Variational Omni METISlong+0.0400%4h3.5509long leg$41K$26K
OKX METIS-USDT-SWAP+0.0412%4h3.5440−0.196%$398K$1.1M10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX METIS-USDT+0.0940%4h3.5400−0.308%$2.4Mas long as short
Bybit METISUSDT+0.0966%4h3.5420−0.252%$711K$638K20xas long as short