Funding you earn now, next payment 04:00 UTC+0.0792%/8h= +86.7% APRnext payment +$3.96 per $10,000 · paid last 24h +0.020%
Price spread now: KuCoin against BingX+0.285%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$370as in the Funding arb table
Net, price: spread back to 7d avg − costs−$338as in the Price arb table
costs, in and out, $10k−$3543.544% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.285%, 7d avg +0.123%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and KuCoin is 0.162% dearer against BingX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.123%. Mind the row above: over the last 7 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.96 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 | BingX METIS-USDT | 3.5110 | 0.0100 | pay 0.0050% / 4h | 44m 20s | — | $2.4M | — |
| Short | KuCoin METISUSDTM | 3.5210 | 0.0892 | get 0.0446% / 4h | 44m 20s | $629K | $196K | 30x |
BingX METIS-USDT
KuCoin METISUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BingX. 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
- $166.32
- Price spread: +0.285% → +0.123%
- $16.19
- Slippage, 4 orders
- −$332.42
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$171.91
- Costs to cover
- 3.544%
- Break-even
- 14.2 days
Slippage from BingX: live order book, 5 min ago; KuCoin: live order book, 39 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 BingX live order book, 5 min ago | 7.13 bp | 27.7 bp −$28 | 79.4 bp −$794 | 979.2 bp −$97.9K | 1387.5 bp −$693.7K |
| Sell KuCoin live order book, 39 min ago | 16.81 bp | 188.7 bp −$189 | 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 | −8.573% | — | $40K | 5.5x | as long as short |
| Kraken Futures PF_METISUSD | +0.0090% | 1h | 3.5158 | +0.137% | $2K | $3K | 10x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5035 | −0.213% | $12K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5100 | −0.028% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5120 | +0.028% | $695K | $593K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5100 | −0.028% | $392K | $975K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5100 | −0.028% | $151K | $140K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5110 | 0.000% | $650K | $227K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5100 | −0.028% | $213K | $443K | 50x | as long as short |
| BingX METIS-USDTlong | +0.0100% | 4h | 3.5110 | long leg | — | $2.4M | — |
Injective METIS/USDC PERP
Kraken Futures PF_METISUSD
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni METIS | +0.0100% | 4h | 3.5148 | +0.110% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTMshort | +0.0892% | 4h | 3.5210 | +0.285% | $629K | $196K | 30x |
Variational Omni METIS