Funding you earn now, next payment 08:00 UTC+0.0494%/8h= +54.1% APRnext payment +$2.47 per $10,000 · paid last 24h −0.063%
Price spread now: BingX against KuCoin−0.369%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$659as in the Funding arb table
Net, price: spread back to 7d avg − costs−$695as in the Price arb table
costs, in and out, $10k−$6706.703% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)+0.338%+$34 · spread now −0.369%, 7d avg −0.123%
=Funding pays, the price is against you. BingX is 0.246% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.369% now, against its 7-day average of −0.123%). If the spread goes back, that is −$25 on $10k: about 40 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.110% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METISUSDTM | 3.5190 | 0.0966 | pay 0.0483% / 4h | 3h 51m | $633K | $195K | 30x |
| Short | BingX METIS-USDT | 3.5060 | 0.1460 | get 0.0730% / 4h | 3h 51m | — | $2.4M | — |
KuCoin METISUSDTM
BingX METIS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- $103.74
- Price spread: −0.369% → −0.123%
- −$24.65
- Slippage, 4 orders
- −$648.33
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$591.24
- Costs to cover
- 6.703%
- Break-even
- 46.9 days
Slippage from KuCoin: live order book, 22 min ago; BingX: live order book, 8 min ago.
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 KuCoin live order book, 22 min ago | 15.56 bp | 311.0 bp −$311 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 9.98 bp | 41.1 bp −$41 | 138.0 bp −$1,380 | 735.9 bp −$73.6K | 1226.4 bp −$613.2K |
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 PERP | +0.0033% | 1h | 3.2100 | −8.781% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5034 | −0.444% | $11K | $25K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5050 | −0.398% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5120 | −0.199% | $692K | $592K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5050 | −0.398% | $386K | $991K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5000 | −0.540% | $152K | $130K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5070 | −0.341% | $708K | $235K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5040 | −0.426% | $211K | $453K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5069 | −0.344% | $33K | $34K | — | as long as short |
| Kraken Futures PF_METISUSD | +0.0184% | 1h | 3.5074 | −0.329% | $2K | $3K | 10x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METIS
Kraken Futures PF_METISUSDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin METISUSDTMlong | +0.0966% | 4h | 3.5190 | long leg | $633K | $195K | 30x | |
| BingX METIS-USDTshort | +0.1460% | 4h | 3.5060 | −0.369% | — | $2.4M | — |