Funding you earn now, next payment 08:00 UTC−0.0850%/8h= −93.1% APRnext payment −$4.25 per $10,000 · paid last 24h −0.037%
Price spread now: Bitget against KuCoin−0.199%7-day average −0.141% · you buy dearer than you sell
Net, funding: paid 7d − costs−$681as in the Funding arb table
Net, price: spread back to 7d avg − costs−$690as in the Price arb table
costs, in and out, $10k−$6846.840% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.199%, 7d avg −0.141%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Bitget is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.141%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.25 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 | 3.5180 | 0.0950 | pay 0.0475% / 4h | 3h 55m | $629K | $194K | 30x |
| Short | Bitget METISUSDT | 3.5110 | 0.0100 | get 0.0050% / 4h | 3h 55m | $208K | $451K | 50x |
KuCoin METISUSDTM
Bitget METISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$178.5
- Price spread: −0.199% → −0.141%
- −$5.77
- Slippage, 4 orders
- −$660.04
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$868.31
- Costs to cover
- 6.840%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 19 min ago; Bitget: live order book, 59 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, 19 min ago | 15.56 bp | 311.0 bp −$311 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 59 min ago | 9.89 bp | 26.3 bp −$26 | 149.7 bp −$1,497 | doesn't fit | doesn't fit |
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 | −8.755% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5009 | −0.487% | $11K | $25K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5140 | −0.114% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5150 | −0.085% | $693K | $591K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5120 | −0.171% | $387K | $994K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5000 | −0.512% | $152K | $130K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5140 | −0.114% | $709K | $234K | 50x | as long as short |
| Bitget METISUSDTshort | +0.0100% | 4h | 3.5110 | −0.199% | $208K | $451K | 50x | |
| Variational Omni METIS | +0.0100% | 4h | 3.5069 | −0.316% | $33K | $34K | — | as long as short |
| Kraken Futures PF_METISUSD | +0.0183% | 1h | 3.5119 | −0.172% | $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
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 | +0.0950% | 4h | 3.5180 | long leg | $629K | $194K | 30x | |
| BingX METIS-USDT | +0.1460% | 4h | 3.5060 | −0.341% | — | $2.4M | — | as long as short |
BingX METIS-USDT