METIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0436%/8h= +47.7% APRnext payment +$2.18 per $10,000 · paid last 24h +0.080%

Price spread now: KuCoin against Gate+0.086%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$546as in the Funding arb table

Net, price: spread back to 7d avg − costs−$548as in the Price arb table

costs, in and out, $10k−$5465.461% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.086%, 7d avg +0.101%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.101%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.18 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	Gate METIS_USDT	3.5000	0.0100	pay 0.0050% / 4h	1h 34m	$147K	$121K	50x
Short	KuCoin METISUSDTM	3.5030	0.0536	get 0.0268% / 4h	1h 34m	$601K	$146K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.086%Rate

Funding earned: $91.56
Price spread: +0.086% → +0.101%: −$1.54
Slippage, 4 orders: −$519.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$456.1
Costs to cover: 5.461%
Break-even: 41.9 days

Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 20 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 Gate live order book, 1 min ago	17.11 bp	82.1 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	28.52 bp	219.9 bp −$220	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	−8.286%	—	$40K	5.5x	as long as short
Aster METISUSDT	+0.0100%	4h	3.5022	+0.063%	$11K	$24K	5x	as long as short
Binance METISUSDT	+0.0100%	4h	3.5018	+0.050%	$2.1M	$4.0M	50x	as long as short
OKX METIS-USDT-SWAP	+0.0100%	4h	3.5050	+0.143%	$393K	$974K	10x	as long as short
Gate METIS_USDTlong	+0.0100%	4h	3.5000	long leg	$147K	$121K	50x
MEXC METIS_USDT	+0.0100%	4h	3.5000	0.000%	$683K	$230K	50x	as long as short
Bitget METISUSDT	+0.0100%	4h	3.5010	+0.029%	$206K	$421K	50x	as long as short
Variational Omni METIS	+0.0143%	4h	3.5079	+0.225%	$33K	$34K	—	as long as short
KuCoin METISUSDTMshort	+0.0536%	4h	3.5030	+0.086%	$601K	$146K	30x
Bybit METISUSDT	+0.0772%	4h	3.5070	+0.200%	$694K	$569K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_METISUSD	+0.0781%	1h	3.5044	+0.125%	$2K	$2K	10x	as long as short
BingX METIS-USDT	+0.0842%	4h	3.5030	+0.086%	—	$2.4M	—	as long as short