Funding arb · Price arb /

METIS

all METIS markets

Swap Backtest

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 +0.013%

Price spread now: BingX against Variational Omni−0.197%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.197% cheaper against Variational Omni than usual: you would sell low and buy high, −$20 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni METIS	3.4929	0.0100	pay 0.0050% / 4h	3h 12m	$33K	$34K	—
Short	BingX METIS-USDT	3.4860	0.0100	get 0.0050% / 4h	3h 12m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BingXbpOrdersPrice spread, now −0.197%Rate

Funding earned: $0
Price spread: −0.197% → 0.000%: −$19.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.72
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 6 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BingX live order book, 6 min ago	10.03 bp	35.1 bp −$35	102.8 bp −$1,028	748.5 bp −$74.8K	doesn't fit

Variational Omni: 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 PERP	+0.0033%	1h	3.2100	−8.099%	—	$40K	5.5x	as long as short
Aster METISUSDT	+0.0100%	4h	3.4888	−0.118%	$11K	$24K	5x	as long as short
Binance METISUSDT	+0.0100%	4h	3.4841	−0.251%	$2.1M	$4.3M	50x	as long as short
Bybit METISUSDT	+0.0100%	4h	3.4880	−0.140%	$694K	$595K	20x	as long as short
OKX METIS-USDT-SWAP	+0.0100%	4h	3.4860	−0.197%	$385K	$986K	10x	as long as short
Gate METIS_USDT	+0.0100%	4h	3.4850	−0.226%	$143K	$139K	50x	as long as short
MEXC METIS_USDT	+0.0100%	4h	3.4840	−0.254%	$696K	$238K	50x	as long as short
Bitget METISUSDT	+0.0100%	4h	3.4860	−0.197%	$207K	$448K	50x	as long as short
BingX METIS-USDTshort	+0.0100%	4h	3.4860	−0.197%	—	$2.4M	—
Variational Omni METISlong	+0.0100%	4h	3.4929	long leg	$33K	$34K	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_METISUSD	+0.0185%	1h	3.4837	−0.262%	$2K	$3K	10x	as long as short
KuCoin METISUSDTM	+0.0958%	4h	3.4960	+0.089%	$630K	$193K	30x	as long as short