Funding you earn now, next payment 04:00 UTC+0.0978%/8h= +107.1% APRnext payment +$4.89 per $10,000 · paid last 24h +0.037%
Price spread now: KuCoin against Bitget+0.341%7-day average +0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$377as in the Funding arb table
Net, price: spread back to 7d avg − costs−$353as in the Price arb table
costs, in and out, $10k−$3733.733% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.325%−$33 · spread now +0.341%, 7d avg +0.141%
=Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and KuCoin is 0.199% dearer against Bitget than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.141%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.89 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 | Bitget METISUSDT | 3.5210 | 0.0100 | pay 0.0050% / 4h | 26m 24s | $206K | $447K | 50x |
| Short | KuCoin METISUSDTM | 3.5330 | 0.1078 | get 0.0539% / 4h | 26m 24s | $631K | $196K | 30x |
Bitget METISUSDT
KuCoin METISUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $205.38
- Price spread: +0.341% → +0.141%
- $19.95
- Slippage, 4 orders
- −$349.33
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$148.01
- Costs to cover
- 3.733%
- Break-even
- 12.0 days
Slippage from Bitget: live order book, 28 min ago; KuCoin: live order book, 57 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 Bitget live order book, 28 min ago | 9.89 bp | 56.4 bp −$56 | 301.5 bp −$3,015 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 57 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 | −8.833% | — | $40K | 5.5x | as long as short |
| Kraken Futures PF_METISUSD | +0.0090% | 1h | 3.5279 | +0.196% | $2K | $3K | 10x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5295 | +0.240% | $12K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5225 | +0.043% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5270 | +0.170% | $696K | $593K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5210 | 0.000% | $392K | $980K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5250 | +0.114% | $152K | $141K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5200 | −0.028% | $675K | $235K | 50x | as long as short |
| Bitget METISUSDTlong | +0.0100% | 4h | 3.5210 | long leg | $206K | $447K | 50x | |
| BingX METIS-USDT | +0.0100% | 4h | 3.5250 | +0.114% | — | $2.4M | — | as long as short |
Injective METIS/USDC PERP
Kraken Futures PF_METISUSD
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
BingX METIS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni METIS | +0.0100% | 4h | 3.5234 | +0.068% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTMshort | +0.1078% | 4h | 3.5330 | +0.341% | $631K | $196K | 30x |
Variational Omni METIS