Funding you earn now, next payment 01:00 UTC+0.0632%/8h= +69.2% APRpaid last 24h −0.491%
Price spread now: Kraken Futures against Binance+0.198%54s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.198% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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 | Binance METISUSDT | 3.5760 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $2.2M | $4.9M | 50x |
| Short | Kraken Futures PF_METISUSD | 3.5831 | 0.0732 | get 0.0092% / 1h | 56m 29s | $2K | $8K | 10x |
Binance METISUSDT
Kraken Futures PF_METISUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $132.78
- Price spread: +0.198% → 0.000%
- $19.82
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $132.6
- Costs to cover
- 0.200%
- Break-even
- 0.0 days
Slippage unknown: Binance: live order book, 11 min ago; Kraken Futures: 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 Binance live order book, 11 min ago | 2.82 bp | 28.7 bp −$29 | 234.9 bp −$2,349 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 | −10.236% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5828 | +0.188% | $12K | $61K | 5x | as long as short |
| Binance METISUSDTlong | +0.0100% | 4h | 3.5760 | long leg | $2.2M | $4.9M | 50x | |
| Bybit METISUSDT | +0.0100% | 4h | 3.5840 | +0.223% | $716K | $685K | 20x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5820 | +0.167% | $161K | $159K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5770 | +0.027% | $690K | $251K | 50x | as long as short |
| KuCoin METISUSDTM | +0.0100% | 4h | 3.5950 | +0.531% | $638K | $245K | 30x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5800 | +0.111% | $226K | $485K | 50x | as long as short |
| Variational Omni METIS | +0.0181% | 4h | 3.5850 | +0.251% | $41K | $26K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0279% | 4h | 3.5840 | +0.223% | $404K | $1.2M | 10x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Bybit METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
KuCoin METISUSDTM
Bitget METISUSDT
Variational Omni METIS
OKX METIS-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSDshort | +0.0732% | 1h | 3.5831 | +0.198% | $2K | $8K | 10x | |
| BingX METIS-USDT | +0.2012% | 4h | 3.5860 | +0.279% | — | $2.4M | — | as long as short |
BingX METIS-USDT