Funding you earn now, next payment 06:00 UTC−0.0727%/8h= −79.6% APRnext payment −$0.91 per $10,000 · paid last 24h −0.066%
Price spread now: Injective against Kraken Futures−7.489%63s7-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
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Injective is 7.489% cheaper against Kraken Futures than usual: you would sell low and buy high (−$749 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Kraken Futures PF_METISUSD | 3.4699 | 0.0760 | pay 0.0095% / 1h | 14m 23s | $2K | $2K | 10x |
| Short | Injective METIS/USDC PERP | 3.2100 | 0.0033 | get 0.0004% / 1h | 14m 23s | — | $40K | 5.5x |
Kraken Futures PF_METISUSD
Injective METIS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$152.64
- Price spread: −7.489% → 0.000%
- −$748.89
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$911.54
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Injective: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Kraken Futures and Injective: 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 PERPshort | +0.0033% | 1h | 3.2100 | −7.489% | — | $40K | 5.5x | |
| Aster METISUSDT | +0.0100% | 4h | 3.4586 | −0.325% | $11K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.4691 | −0.022% | $2.1M | $4.0M | 50x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.4740 | +0.120% | $386K | $961K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.4660 | −0.111% | $142K | $139K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.4680 | −0.053% | $676K | $234K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.4720 | +0.062% | $197K | $426K | 50x | as long as short |
| Variational Omni METIS | +0.0160% | 4h | 3.4739 | +0.117% | $32K | $34K | — | as long as short |
| Kraken Futures PF_METISUSDlong | +0.0760% | 1h | 3.4699 | long leg | $2K | $2K | 10x | |
| KuCoin METISUSDTM | +0.0978% | 4h | 3.4820 | +0.350% | $598K | $189K | 30x | as long as short |
Aster METISUSDT
Binance METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METIS
KuCoin METISUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDT | +0.1254% | 4h | 3.4720 | +0.062% | — | $2.4M | — | as long as short |
| Bybit METISUSDT | +0.1692% | 4h | 3.4800 | +0.292% | $695K | $578K | 20x | as long as short |
BingX METIS-USDT
Bybit METISUSDT