Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.025%
Price spread now: Kraken Futures against Gate−0.101%7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Kraken Futures is 0.101% cheaper against Gate than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 4.0 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate METIS_USDT | 3.5000 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $152K | $130K | 50x |
| Short | Kraken Futures PF_METISUSD | 3.4965 | 0.0184 | get 0.0023% / 1h | 55m 43s | $2K | $3K | 10x |
Gate METIS_USDT
Kraken Futures PF_METISUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $17.66
- Price spread: −0.101% → 0.000%
- −$10.09
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$17.43
- Costs to cover
- 0.250%
- Break-even
- 13.9 days
Slippage unknown: Gate: live order book, 55 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 Gate live order book, 55 min ago | 12.78 bp | 69.0 bp −$69 | doesn't fit | 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 | −8.286% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.4993 | −0.019% | $11K | $25K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5019 | +0.056% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5070 | +0.200% | $692K | $591K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5080 | +0.229% | $386K | $992K | 10x | as long as short |
| Gate METIS_USDTlong | +0.0100% | 4h | 3.5000 | long leg | $152K | $130K | 50x | |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5000 | 0.000% | $706K | $234K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5000 | 0.000% | $207K | $450K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5069 | +0.197% | $33K | $34K | — | as long as short |
| Kraken Futures PF_METISUSDshort | +0.0184% | 1h | 3.4965 | −0.101% | $2K | $3K | 10x |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
OKX METIS-USDT-SWAP
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METISShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin METISUSDTM | +0.0952% | 4h | 3.5070 | +0.200% | $627K | $194K | 30x | as long as short |
| BingX METIS-USDT | +0.1460% | 4h | 3.5000 | 0.000% | — | $2.4M | — | as long as short |
KuCoin METISUSDTM
BingX METIS-USDT