Funding you earn now, next payment 09:00 UTC+0.0762%/8h= +83.4% APRpaid last 24h +0.018%
Price spread now: KuCoin against Kraken Futures+0.445%7-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 +$23 a day on $10k at the current rate, and KuCoin is 0.445% dearer against Kraken Futures than usual: you sell high and buy low: +$44 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_METISUSD | 3.5174 | −0.0112 | get 0.0014% / 1h | 42m 53s | $2K | $2K | 10x |
| Short | KuCoin METISUSDTM | 3.5330 | 0.0650 | get 0.0325% / 4h | 3h 42m | $679K | $154K | 30x |
Kraken Futures PF_METISUSD
KuCoin METISUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $159.96
- Price spread: +0.445% → 0.000%
- $44.49
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $182.45
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 61 min ago. 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 KuCoin live order book, 61 min ago | 21.24 bp | 196.4 bp −$196 | doesn't fit | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSDlong | −0.0112% | 1h | 3.5174 | long leg | $2K | $2K | 10x | |
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −8.738% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5165 | −0.023% | $11K | $23K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5180 | +0.018% | $2.2M | $3.9M | 50x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5210 | +0.104% | $392K | $971K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5200 | +0.075% | $142K | $121K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5180 | +0.018% | $679K | $213K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5200 | +0.075% | $206K | $413K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5309 | +0.386% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTMshort | +0.0650% | 4h | 3.5330 | +0.445% | $679K | $154K | 30x |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDT | +0.1948% | 4h | 3.5200 | +0.075% | — | $2.4M | — | as long as short |
| Bybit METISUSDT | +0.3527% | 4h | 3.5230 | +0.161% | $700K | $568K | 20x | as long as short |
BingX METIS-USDT
Bybit METISUSDT