Funding you earn now, next payment 09:00 UTC−0.0762%/8h= −83.4% APRpaid last 24h −0.018%
Price spread now: Kraken Futures against KuCoin−0.443%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 −$23 a day on $10k at the current rate, and Kraken Futures is 0.443% cheaper against KuCoin than usual: you would sell low and buy high (−$44 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 | 3.5330 | 0.0650 | pay 0.0325% / 4h | 3h 42m | $679K | $154K | 30x |
| Short | Kraken Futures PF_METISUSD | 3.5174 | −0.0112 | pay 0.0014% / 1h | 42m 57s | $2K | $2K | 10x |
KuCoin METISUSDTM
Kraken Futures PF_METISUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$159.96
- Price spread: −0.443% → 0.000%
- −$44.29
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$226.25
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 61 min ago; Kraken Futures: 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, 61 min ago | 21.24 bp | 207.3 bp −$207 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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_METISUSDshort | −0.0112% | 1h | 3.5174 | −0.443% | $2K | $2K | 10x | |
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −9.142% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5165 | −0.466% | $11K | $23K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5180 | −0.425% | $2.2M | $3.9M | 50x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5210 | −0.340% | $392K | $971K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5200 | −0.368% | $142K | $121K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.5180 | −0.425% | $679K | $213K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.5200 | −0.368% | $206K | $413K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5309 | −0.059% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTMlong | +0.0650% | 4h | 3.5330 | long leg | $679K | $154K | 30x |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
Variational Omni METISShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDT | +0.1948% | 4h | 3.5200 | −0.368% | — | $2.4M | — | as long as short |
| Bybit METISUSDT | +0.3527% | 4h | 3.5230 | −0.283% | $700K | $568K | 20x | as long as short |
BingX METIS-USDT
Bybit METISUSDT