Funding you earn now, next payment 08:00 UTC−0.0864%/8h= −94.6% APRnext payment −$4.32 per $10,000 · paid last 24h −0.080%
Price spread now: MEXC against KuCoin−0.484%7-day average −0.191% · you buy dearer than you sell
Net, funding: paid 7d − costs−$626as in the Funding arb table
Net, price: spread back to 7d avg − costs−$654as in the Price arb table
costs, in and out, $10k−$6256.248% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.473%+$47 · spread now −0.484%, 7d avg −0.191%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and MEXC is 0.292% cheaper against KuCoin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.191%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.32 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 | 3.5150 | 0.0964 | pay 0.0482% / 4h | 3h 48m | $633K | $195K | 30x |
| Short | MEXC METIS_USDT | 3.4980 | 0.0100 | get 0.0050% / 4h | 3h 48m | $706K | $235K | 50x |
KuCoin METISUSDTM
MEXC METIS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$181.44
- Price spread: −0.484% → −0.191%
- −$29.23
- Slippage, 4 orders
- −$608.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$835.51
- Costs to cover
- 6.248%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 25 min ago; MEXC: live order book, 62 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, 25 min ago | 15.56 bp | 311.0 bp −$311 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 62 min ago | 4.28 bp | 12.2 bp −$12 | 69.6 bp −$696 | 237.7 bp −$23.8K | 580.7 bp −$290.4K |
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 | −8.677% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.4966 | −0.524% | $11K | $25K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.4986 | −0.467% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5040 | −0.313% | $690K | $590K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5050 | −0.284% | $385K | $991K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5030 | −0.341% | $152K | $130K | 50x | as long as short |
| MEXC METIS_USDTshort | +0.0100% | 4h | 3.4980 | −0.484% | $706K | $235K | 50x | |
| Bitget METISUSDT | +0.0100% | 4h | 3.4990 | −0.455% | $210K | $453K | 50x | as long as short |
| BingX METIS-USDT | +0.0100% | 4h | 3.5020 | −0.370% | — | $2.4M | — | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5099 | −0.145% | $33K | $34K | — | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Bybit METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
Bitget METISUSDT
BingX METIS-USDT
Variational Omni METISShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSD | +0.0184% | 1h | 3.4990 | −0.454% | $2K | $3K | 10x | as long as short |
| KuCoin METISUSDTMlong | +0.0964% | 4h | 3.5150 | long leg | $633K | $195K | 30x |
Kraken Futures PF_METISUSD