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Funding arb · Price arb /

METIS

all METIS markets
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Alert: funding
Measured
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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+0.0102%/8h= +11.2% APRpaid last 24h +0.044%
Price spread now: Kraken Futures against Bybit−0.036%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BybitShort 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
Funding pays, the price is against you. Kraken Futures is 0.036% cheaper against Bybit than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 28 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit METISUSDT3.50700.0678pay 0.0339% / 4h1h 30m$694K$569K20x
ShortKraken Futures PF_METISUSD3.50570.0780get 0.0098% / 1h30m 43s$2K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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
$21.44
Price spread: −0.036% → 0.000%
−$3.58
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$3.14
Costs to cover
0.210%
Break-even
8.0 days
Slippage unknown: Bybit: live order book, 9 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 Bybit live order book, 9 min ago9.98 bp120.6 bp −$1211573.6 bp −$15.7Kdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective METIS/USDC PERP+0.0033%1h3.2100−8.469%—$40K5.5xas long as short
Aster METISUSDT+0.0100%4h3.5026−0.125%$11K$24K5xas long as short
Binance METISUSDT+0.0100%4h3.5025−0.127%$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%4h3.5000−0.200%$147K$121K50xas long as short
MEXC METIS_USDT+0.0100%4h3.5030−0.114%$683K$230K50xas long as short
Bitget METISUSDT+0.0100%4h3.5020−0.143%$206K$421K50xas long as short
Variational Omni METIS+0.0100%4h3.5069−0.003%$33K$34K—as long as short
KuCoin METISUSDTM+0.0502%4h3.5030−0.114%$601K$146K30xas long as short
Bybit METISUSDTlong+0.0678%4h3.5070long leg$694K$569K20x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX METIS-USDT+0.0734%4h3.5040−0.086%—$2.4M—as long as short
Kraken Futures PF_METISUSDshort+0.0780%1h3.5057−0.036%$2K$2K10x