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Funding arb · Price arb /

METIS

all METIS markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h +0.049%
Price spread now: Kraken Futures against BingX+0.039%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BingXShort on Kraken Futures
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—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.039% dearer against BingX than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX METIS-USDT3.50300.0842pay 0.0421% / 4h1h 33m—$2.4M—
ShortKraken Futures PF_METISUSD3.50440.0781get 0.0098% / 1h33m 45s$2K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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
−$12.89
Price spread: +0.039% → 0.000%
$3.92
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$28.97
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago8.56 bp31.8 bp −$32109.1 bp −$1,091945.8 bp −$94.6K1376.8 bp −$688.4K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective METIS/USDC PERP+0.0033%1h3.2100−8.364%—$40K5.5xas long as short
Aster METISUSDT+0.0100%4h3.5021−0.025%$11K$24K5xas long as short
Binance METISUSDT+0.0100%4h3.5018−0.035%$2.1M$4.0M50xas long as short
OKX METIS-USDT-SWAP+0.0100%4h3.5050+0.057%$393K$974K10xas long as short
Gate METIS_USDT+0.0100%4h3.5000−0.086%$147K$121K50xas long as short
MEXC METIS_USDT+0.0100%4h3.5000−0.086%$683K$230K50xas long as short
Bitget METISUSDT+0.0100%4h3.5020−0.029%$206K$421K50xas long as short
Variational Omni METIS+0.0143%4h3.5079+0.139%$33K$34K—as long as short
KuCoin METISUSDTM+0.0536%4h3.5110+0.228%$602K$146K30xas long as short
Bybit METISUSDT+0.0748%4h3.5080+0.143%$694K$569K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_METISUSDshort+0.0781%1h3.5044+0.039%$2K$2K10x
BingX METIS-USDTlong+0.0842%4h3.5030long leg—$2.4M—