Funding you earn now, next payment 08:00 UTC+0.0860%/8h= +94.2% APRnext payment +$4.30 per $10,000 · paid last 24h +0.080%
Price spread now: KuCoin against Binance+0.173%7-day average +0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$907as in the Funding arb table
Net, price: spread back to 7d avg − costs−$908as in the Price arb table
costs, in and out, $10k−$9089.082% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.173%, 7d avg +0.174%
=The price spread sits at its 7-day average of +0.174%, so right now this pair is about funding alone: +$26 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance METISUSDT | 3.4710 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $2.1M | $4.0M | 50x |
| Short | KuCoin METISUSDTM | 3.4770 | 0.0960 | get 0.0480% / 4h | 2h 12m | $597K | $189K | 30x |
Binance METISUSDT
KuCoin METISUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $180.6
- Price spread: +0.173% → +0.174%
- −$0.08
- Slippage, 4 orders
- −$886.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$727.7
- Costs to cover
- 9.082%
- Break-even
- 35.2 days
Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 47 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 Binance live order book, 9 min ago | 1.45 bp | 29.0 bp −$29 | 235.6 bp −$2,356 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 47 min ago | 14.43 bp | 400.3 bp −$400 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −7.519% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.4604 | −0.305% | $11K | $24K | 5x | as long as short |
| Binance METISUSDTlong | +0.0100% | 4h | 3.4710 | long leg | $2.1M | $4.0M | 50x | |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.4760 | +0.144% | $386K | $962K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.4670 | −0.115% | $142K | $139K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.4710 | 0.000% | $677K | $234K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.4770 | +0.173% | $197K | $426K | 50x | as long as short |
| Variational Omni METIS | +0.0160% | 4h | 3.4739 | +0.084% | $32K | $34K | — | as long as short |
| Kraken Futures PF_METISUSD | +0.0760% | 1h | 3.4715 | +0.014% | $2K | $2K | 10x | as long as short |
| KuCoin METISUSDTMshort | +0.0960% | 4h | 3.4770 | +0.173% | $597K | $189K | 30x |
Injective METIS/USDC PERP
Aster METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METIS
Kraken Futures PF_METISUSDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDT | +0.1325% | 4h | 3.4740 | +0.086% | — | $2.4M | — | as long as short |
| Bybit METISUSDT | +0.1754% | 4h | 3.4760 | +0.144% | $694K | $577K | 20x | as long as short |
BingX METIS-USDT
Bybit METISUSDT