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Funding arb · Price arb /

METIS

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0585%/8h= +64.1% APRnext payment +$2.93 per $10,000 · paid last 24h +0.018%
Price spread now: Bybit against Variational Omni−0.027%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Bybit
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 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Bybit is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$18 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni METIS3.54990.0401pay 0.0201% / 4h2h 31m$41K$26K—
ShortBybit METISUSDT3.54900.0987get 0.0493% / 4h2h 31m$713K$633K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$122.92
Price spread: −0.027% → 0.000%
−$2.68
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$109.25
Costs to cover
0.110%
Break-even
0.8 days
Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 33 min ago. 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 Bybit live order book, 33 min ago9.79 bp155.6 bp −$1561060.5 bp −$10.6Kdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective METIS/USDC PERP+0.0033%1h3.2100−9.576%—$40K5.5xas long as short
Aster METISUSDT+0.0100%4h3.5368−0.371%$11K$22K5xas long as short
Binance METISUSDT+0.0100%4h3.5430−0.196%$2.2M$4.6M50xas long as short
Gate METIS_USDT+0.0100%4h3.5300−0.562%$154K$142K50xas long as short
MEXC METIS_USDT+0.0100%4h3.5400−0.280%$656K$244K50xas long as short
Bitget METISUSDT+0.0100%4h3.5410−0.252%$216K$452K50xas long as short
Kraken Futures PF_METISUSD+0.0253%1h3.5468−0.087%$2K$7K10xas long as short
Variational Omni METISlong+0.0401%4h3.5499long leg$41K$26K—
KuCoin METISUSDTM+0.0408%4h3.5520+0.058%$636K$220K30xas long as short
OKX METIS-USDT-SWAP+0.0452%4h3.5450−0.139%$399K$1.1M10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX METIS-USDT+0.0954%4h3.5440−0.168%—$2.4M—as long as short
Bybit METISUSDTshort+0.0987%4h3.5490−0.027%$713K$633K20x