Funding you earn now, next payment 09:00 UTC+0.0211%/8h= +23.2% APRpaid last 24h −0.056%
Price spread now: OKX against Kraken Futures−0.012%55s7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 55 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 | 3.5244 | −0.0111 | get 0.0014% / 1h | 44m 26s | $2K | $2K | 10x |
| Short | OKX METIS-USDT-SWAP | 3.5240 | 0.0100 | get 0.0050% / 4h | 3h 44m | $392K | $972K | 10x |
Kraken Futures PF_METISUSD
OKX METIS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $44.41
- Price spread: −0.012% → 0.000%
- −$1.2
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $23.21
- Costs to cover
- 0.200%
- Break-even
- 3.3 days
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 42 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 OKX live order book, 42 min ago | 9.99 bp | 35.1 bp −$35 | 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 | −0.0111% | 1h | 3.5244 | long leg | $2K | $2K | 10x | |
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −8.921% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5285 | +0.115% | $11K | $23K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5220 | −0.070% | $2.2M | $3.9M | 50x | as long as short |
| OKX METIS-USDT-SWAPshort | +0.0100% | 4h | 3.5240 | −0.012% | $392K | $972K | 10x | |
| Gate METIS_USDT | +0.0100% | 4h | 3.5250 | +0.016% | $142K | $120K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5220 | −0.069% | $680K | $213K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5260 | +0.045% | $207K | $413K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5309 | +0.184% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTM | +0.0630% | 4h | 3.5460 | +0.612% | $682K | $154K | 30x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
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 | +0.1948% | 4h | 3.5300 | +0.158% | — | $2.4M | — | as long as short |
| Bybit METISUSDT | +0.3936% | 4h | 3.5230 | −0.040% | $700K | $568K | 20x | as long as short |
BingX METIS-USDT
Bybit METISUSDT