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Funding arb · Price arb /

METIS

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0211%/8h= +23.2% APRpaid last 24h −0.064%
Price spread now: MEXC against Kraken Futures−0.069%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on MEXC
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
Funding pays, the price is against you. MEXC is 0.069% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$6 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_METISUSD3.5244−0.0111get 0.0014% / 1h44m 18s$2K$2K10x
ShortMEXC METIS_USDT3.52200.0100get 0.0050% / 4h3h 44m$680K$213K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$44.41
Price spread: −0.069% → 0.000%
−$6.87
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
$23.54
Costs to cover
0.140%
Break-even
3.3 days
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 46 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 MEXC live order book, 46 min ago2.85 bp14.5 bp −$1487.6 bp −$876225.6 bp −$22.6K537.9 bp −$268.9K
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
Kraken Futures PF_METISUSDlong−0.0111%1h3.5244long leg$2K$2K10x
Injective METIS/USDC PERP+0.0033%1h3.2100−8.921%—$40K5.5xas long as short
Aster METISUSDT+0.0100%4h3.5285+0.115%$11K$23K5xas long as short
Binance METISUSDT+0.0100%4h3.5220−0.070%$2.2M$3.9M50xas long as short
OKX METIS-USDT-SWAP+0.0100%4h3.5240−0.012%$392K$972K10xas long as short
Gate METIS_USDT+0.0100%4h3.5250+0.016%$142K$120K50xas long as short
MEXC METIS_USDTshort+0.0100%4h3.5220−0.069%$680K$213K50x
Bitget METISUSDT+0.0100%4h3.5260+0.045%$207K$413K50xas long as short
Variational Omni METIS+0.0100%4h3.5309+0.184%$33K$34K—as long as short
KuCoin METISUSDTM+0.0630%4h3.5460+0.612%$682K$154K30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX METIS-USDT+0.1948%4h3.5300+0.158%—$2.4M—as long as short
Bybit METISUSDT+0.3936%4h3.5230−0.040%$700K$568K20xas long as short