Funding you earn now, next payment 09:00 UTC−0.0211%/8h= −23.2% APRpaid last 24h +0.064%
Price spread now: Kraken Futures against MEXC+0.069%51s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Kraken Futures is 0.069% dearer against MEXC than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC METIS_USDT | 3.5220 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $680K | $213K | 50x |
| Short | Kraken Futures PF_METISUSD | 3.5244 | −0.0111 | pay 0.0014% / 1h | 44m 18s | $2K | $2K | 10x |
MEXC METIS_USDT
Kraken Futures PF_METISUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- −$44.41
- Price spread: +0.069% → 0.000%
- $6.88
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$51.53
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 46 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 MEXC live order book, 46 min ago | 2.85 bp | 15.2 bp −$15 | 63.9 bp −$639 | 222.3 bp −$22.2K | 540.4 bp −$270.2K |
| 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 | −0.0111% | 1h | 3.5244 | +0.069% | $2K | $2K | 10x | |
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −8.859% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.5285 | +0.184% | $11K | $23K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.5220 | −0.001% | $2.2M | $3.9M | 50x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5240 | +0.057% | $392K | $972K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5250 | +0.085% | $142K | $120K | 50x | as long as short |
| MEXC METIS_USDTlong | +0.0100% | 4h | 3.5220 | long leg | $680K | $213K | 50x | |
| Bitget METISUSDT | +0.0100% | 4h | 3.5260 | +0.114% | $207K | $413K | 50x | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5309 | +0.253% | $33K | $34K | — | as long as short |
| KuCoin METISUSDTM | +0.0630% | 4h | 3.5460 | +0.681% | $682K | $154K | 30x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
OKX METIS-USDT-SWAP
Gate METIS_USDT
Bitget METISUSDT
Variational Omni METIS
KuCoin METISUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX METIS-USDT | +0.1948% | 4h | 3.5300 | +0.227% | — | $2.4M | — | as long as short |
| Bybit METISUSDT | +0.3936% | 4h | 3.5230 | +0.028% | $700K | $568K | 20x | as long as short |
BingX METIS-USDT
Bybit METISUSDT