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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 05:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.025%
Price spread now: Gate against Kraken Futures+0.101%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Gate
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
The price spread pays, funding is against you. Gate is 0.101% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_METISUSD3.49650.0184pay 0.0023% / 1h56m 06s$2K$3K10x
ShortGate METIS_USDT3.50000.0100get 0.0050% / 4h3h 56m$152K$130K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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
−$17.66
Price spread: +0.101% → 0.000%
$10.1
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$32.56
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 55 min ago. 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 Kraken Futures no order-book sample—————
Sell Gate live order book, 55 min ago12.78 bp165.8 bp −$166doesn't fitdoesn't fitdoesn't fit
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%1h3.2100−8.193%—$40K5.5xas long as short
Aster METISUSDT+0.0100%4h3.5003+0.111%$11K$25K5xas long as short
Binance METISUSDT+0.0100%4h3.4990+0.072%$2.1M$4.3M50xas long as short
Bybit METISUSDT+0.0100%4h3.5040+0.215%$691K$591K20xas long as short
OKX METIS-USDT-SWAP+0.0100%4h3.5000+0.101%$385K$990K10xas long as short
Gate METIS_USDTshort+0.0100%4h3.5000+0.101%$152K$130K50x
MEXC METIS_USDT+0.0100%4h3.5000+0.101%$706K$234K50xas long as short
Bitget METISUSDT+0.0100%4h3.4990+0.072%$207K$450K50xas long as short
Variational Omni METIS+0.0100%4h3.5069+0.298%$33K$34K—as long as short
Kraken Futures PF_METISUSDlong+0.0184%1h3.4965long leg$2K$3K10x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin METISUSDTM+0.0952%4h3.5070+0.301%$627K$194K30xas long as short
BingX METIS-USDT+0.1460%4h3.5000+0.101%—$2.4M—as long as short