Funding you earn now, next payment 01:00 UTC+0.0703%/8h= +77.0% APRnext payment +$0.88 per $10,000 · paid last 24h −0.455%
Price spread now: Kraken Futures against Injective+10.979%63s7-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 +$21 a day on $10k at the current rate, and Kraken Futures is 10.979% dearer against Injective than usual: you sell high and buy low: +$1,098 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective METIS/USDC PERP | 3.2100 | 0.0033 | pay 0.0004% / 1h | 5m 57s | — | $40K | 5.5x |
| Short | Kraken Futures PF_METISUSD | 3.5624 | 0.0737 | get 0.0092% / 1h | 5m 57s | $2K | $7K | 10x |
Injective METIS/USDC PERP
Kraken Futures PF_METISUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $147.67
- Price spread: +10.979% → 0.000%
- $1,097.89
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,235.54
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Injective and 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 PERPlong | +0.0033% | 1h | 3.2100 | long leg | — | $40K | 5.5x | |
| Aster METISUSDT | +0.0100% | 4h | 3.5640 | +11.028% | $12K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5600 | +10.904% | $2.2M | $4.7M | 50x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5600 | +10.903% | $152K | $164K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5600 | +10.903% | $668K | $258K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5620 | +10.966% | $223K | $459K | 50x | as long as short |
| KuCoin METISUSDTM | +0.0108% | 4h | 3.5750 | +11.371% | $640K | $230K | 30x | as long as short |
| Variational Omni METIS | +0.0348% | 4h | 3.5738 | +11.335% | $41K | $26K | — | as long as short |
| OKX METIS-USDT-SWAP | +0.0366% | 4h | 3.5660 | +11.090% | $401K | $1.1M | 10x | as long as short |
| Kraken Futures PF_METISUSDshort | +0.0737% | 1h | 3.5624 | +10.979% | $2K | $7K | 10x |
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
KuCoin METISUSDTM
Variational Omni METIS
OKX METIS-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDT | +0.0860% | 4h | 3.5690 | +11.184% | — | $2.4M | — | as long as short |
| Bybit METISUSDT | +0.1285% | 4h | 3.5760 | +11.402% | $716K | $650K | 20x | as long as short |
BingX METIS-USDT
Bybit METISUSDT