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: KuCoin against MEXC+0.486%7-day average +0.191% · you sell dearer than you buy
Net, funding: paid 7d − costs−$623as in the Funding arb table
Net, price: spread back to 7d avg − costs−$595as 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)−0.476%−$48 · spread now +0.486%, 7d avg +0.191%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and KuCoin is 0.295% dearer against MEXC than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.191%.
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 | MEXC METIS_USDT | 3.4980 | 0.0100 | pay 0.0050% / 4h | 3h 48m | $706K | $235K | 50x |
| Short | KuCoin METISUSDTM | 3.5150 | 0.0964 | get 0.0482% / 4h | 3h 48m | $633K | $195K | 30x |
MEXC METIS_USDT
KuCoin METISUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $181.44
- Price spread: +0.486% → +0.191%
- $29.47
- Slippage, 4 orders
- −$608.84
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$413.93
- Costs to cover
- 6.248%
- Break-even
- 23.0 days
Slippage from MEXC: live order book, 62 min ago; KuCoin: live order book, 25 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 MEXC live order book, 62 min ago | 4.28 bp | 11.3 bp −$11 | 57.0 bp −$570 | 216.6 bp −$21.7K | 546.5 bp −$273.2K |
| Sell KuCoin live order book, 25 min ago | 15.56 bp | 290.3 bp −$290 | 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 | −8.233% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.4966 | −0.041% | $11K | $25K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.4980 | 0.000% | $2.1M | $4.3M | 50x | as long as short |
| Bybit METISUSDT | +0.0100% | 4h | 3.5040 | +0.172% | $690K | $590K | 20x | as long as short |
| OKX METIS-USDT-SWAP | +0.0100% | 4h | 3.5050 | +0.200% | $386K | $991K | 10x | as long as short |
| Gate METIS_USDT | +0.0100% | 4h | 3.5030 | +0.143% | $152K | $130K | 50x | as long as short |
| MEXC METIS_USDTlong | +0.0100% | 4h | 3.4980 | long leg | $706K | $235K | 50x | |
| Bitget METISUSDT | +0.0100% | 4h | 3.4990 | +0.029% | $210K | $453K | 50x | as long as short |
| BingX METIS-USDT | +0.0100% | 4h | 3.5020 | +0.114% | — | $2.4M | — | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.5099 | +0.340% | $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 | +0.029% | $2K | $3K | 10x | as long as short |
| KuCoin METISUSDTMshort | +0.0964% | 4h | 3.5150 | +0.486% | $633K | $195K | 30x |
Kraken Futures PF_METISUSD