Funding you earn now, next payment 04:00 UTC−0.0867%/8h= −94.9% APRpaid last 24h −0.057%
Price spread now: Injective against KuCoin−8.729%7-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
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Injective is 8.729% cheaper against KuCoin than usual: you would sell low and buy high (−$873 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METISUSDTM | 3.5170 | 0.0900 | pay 0.0450% / 4h | 42m 32s | $628K | $196K | 30x |
| Short | Injective METIS/USDC PERP | 3.2100 | 0.0033 | get 0.0004% / 1h | 42m 32s | — | $40K | 5.5x |
KuCoin METISUSDTM
Injective METIS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$182
- Price spread: −8.729% → 0.000%
- −$872.9
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,066.92
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 41 min ago; Injective: no order-book sample. 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 KuCoin live order book, 41 min ago | 16.81 bp | 102.0 bp −$102 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective METIS/USDC PERPshort | +0.0033% | 1h | 3.2100 | −8.729% | — | $40K | 5.5x | |
| Kraken Futures PF_METISUSD | +0.0090% | 1h | 3.5075 | −0.272% | $2K | $3K | 10x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5095 | −0.213% | $12K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5073 | −0.277% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5150 | −0.057% | $695K | $593K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5070 | −0.284% | $391K | $974K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5130 | −0.114% | $151K | $140K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5090 | −0.227% | $650K | $227K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5090 | −0.227% | $212K | $443K | 50x | as long as short |
| BingX METIS-USDT | +0.0100% | 4h | 3.5110 | −0.171% | — | $2.4M | — | as long as short |
Kraken Futures PF_METISUSD
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
BingX METIS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni METIS | +0.0100% | 4h | 3.5148 | −0.061% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTMlong | +0.0900% | 4h | 3.5170 | long leg | $628K | $196K | 30x |
Variational Omni METIS