Funding you earn now, next payment 08:00 UTC−0.0448%/8h= −49.1% APRnext payment −$2.24 per $10,000 · paid last 24h −0.080%
Price spread now: Gate against KuCoin−0.086%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$547as in the Funding arb table
Net, price: spread back to 7d avg − costs−$545as in the Price arb table
costs, in and out, $10k−$5465.461% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.086%, 7d avg −0.101%
=The price spread sits at its 7-day average of −0.101%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.24 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 | 3.5030 | 0.0548 | pay 0.0274% / 4h | 1h 34m | $601K | $146K | 30x |
| Short | Gate METIS_USDT | 3.5000 | 0.0100 | get 0.0050% / 4h | 1h 34m | $147K | $121K | 50x |
KuCoin METISUSDTM
Gate METIS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$94.08
- Price spread: −0.086% → −0.101%
- $1.55
- Slippage, 4 orders
- −$519.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$638.64
- Costs to cover
- 5.461%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 20 min ago; Gate: live order book, 1 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, 20 min ago | 28.52 bp | 167.3 bp −$167 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 17.11 bp | 76.8 bp −$77 | doesn't fit | 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 | −8.364% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5023 | −0.020% | $11K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5020 | −0.029% | $2.1M | $4.0M | 50x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5050 | +0.057% | $393K | $974K | 10x | as long as short |
| Gate METIS_USDTshort | +0.0100% | 4h | 3.5000 | −0.086% | $147K | $121K | 50x | |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5030 | 0.000% | $683K | $230K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5020 | −0.029% | $206K | $421K | 50x | as long as short |
| Variational Omni METIS | +0.0143% | 4h | 3.5079 | +0.139% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTMlong | +0.0548% | 4h | 3.5030 | long leg | $601K | $146K | 30x | |
| Bybit METISUSDT | +0.0772% | 4h | 3.5080 | +0.143% | $694K | $569K | 20x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
OKX METIS-USDT-SWAP
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METIS
Bybit METISUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSD | +0.0780% | 1h | 3.5064 | +0.097% | $2K | $2K | 10x | as long as short |
| BingX METIS-USDT | +0.0842% | 4h | 3.5040 | +0.029% | — | $2.4M | — | as long as short |
Kraken Futures PF_METISUSD
BingX METIS-USDT