Funding you earn now, next payment 00:00 UTC+0.0898%/8h= +98.3% APRpaid last 24h −0.491%
Price spread now: Kraken Futures against Bitget+0.183%7-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 +$27 a day on $10k at the current rate, and Kraken Futures is 0.183% dearer against Bitget than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget METISUSDT | 3.5770 | 0.0100 | pay 0.0050% / 4h | 1m 55s | $226K | $483K | 50x |
| Short | Kraken Futures PF_METISUSD | 3.5836 | 0.0998 | get 0.0125% / 1h | 1m 55s | $2K | $8K | 10x |
Bitget METISUSDT
Kraken Futures PF_METISUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $188.55
- Price spread: +0.183% → 0.000%
- $18.35
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $184.9
- Costs to cover
- 0.220%
- Break-even
- 0.1 days
Slippage unknown: Bitget: live order book, 8 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 Bitget live order book, 8 min ago | 7.03 bp | 27.3 bp −$27 | 269.8 bp −$2,698 | 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 | −10.260% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5746 | −0.068% | $12K | $61K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5774 | +0.010% | $2.2M | $4.9M | 50x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5820 | +0.140% | $161K | $172K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5770 | 0.000% | $690K | $278K | 50x | as long as short |
| KuCoin METISUSDTM | +0.0100% | 4h | 3.5820 | +0.140% | $636K | $244K | 30x | as long as short |
| Bitget METISUSDTlong | +0.0100% | 4h | 3.5770 | long leg | $226K | $483K | 50x | |
| Variational Omni METIS | +0.0100% | 4h | 3.5590 | −0.503% | $40K | $26K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0229% | 4h | 3.5860 | +0.252% | $404K | $1.2M | 10x | as long as short |
| BingX METIS-USDT | +0.0466% | 4h | 3.5810 | +0.112% | — | $2.4M | — | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
KuCoin METISUSDTM
Variational Omni METIS
OKX METIS-USDT-SWAP
BingX METIS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit METISUSDT | +0.0483% | 4h | 3.5830 | +0.168% | $716K | $689K | 20x | as long as short |
| Kraken Futures PF_METISUSDshort | +0.0998% | 1h | 3.5836 | +0.183% | $2K | $8K | 10x |
Bybit METISUSDT