Funding you earn now, next payment 06:00 UTC+0.0660%/8h= +72.2% APRpaid last 24h +0.038%
Price spread now: Kraken Futures against OKX−0.099%45s7-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
Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against OKX than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 12 hours of funding at the current rate (+$20 a day). The two prices were read 45 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 | OKX METIS-USDT-SWAP | 3.4750 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $386K | $976K | 10x |
| Short | Kraken Futures PF_METISUSD | 3.4716 | 0.0760 | get 0.0095% / 1h | 50m 35s | $2K | $2K | 10x |
OKX METIS-USDT-SWAP
Kraken Futures PF_METISUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $138.56
- Price spread: −0.099% → 0.000%
- −$9.88
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $108.68
- Costs to cover
- 0.200%
- Break-even
- 1.5 days
Slippage unknown: OKX: live order book, 51 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 OKX live order book, 51 min ago | 8.62 bp | 40.3 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective METIS/USDC PERP | +0.0033% | 1h | 3.2100 | −7.626% | — | $40K | 5.5x | as long as short |
| Aster METISUSDT | +0.0100% | 4h | 3.4659 | −0.261% | $11K | $24K | 5x | as long as short |
| Binance METISUSDT | +0.0100% | 4h | 3.4723 | −0.078% | $2.1M | $4.2M | 50x | as long as short |
| OKX METIS-USDT-SWAPlong | +0.0100% | 4h | 3.4750 | long leg | $386K | $976K | 10x | |
| Gate METIS_USDT | +0.0100% | 4h | 3.4660 | −0.259% | $142K | $138K | 50x | as long as short |
| MEXC METIS_USDT | +0.0100% | 4h | 3.4720 | −0.086% | $680K | $232K | 50x | as long as short |
| Bitget METISUSDT | +0.0100% | 4h | 3.4680 | −0.201% | $211K | $441K | 50x | as long as short |
| BingX METIS-USDT | +0.0100% | 4h | 3.4740 | −0.029% | — | $2.4M | — | as long as short |
| Variational Omni METIS | +0.0100% | 4h | 3.4789 | +0.112% | $33K | $34K | — | as long as short |
| Bybit METISUSDT | +0.0686% | 4h | 3.4730 | −0.058% | $692K | $585K | 20x | as long as short |
Injective METIS/USDC PERP
Aster METISUSDT
Binance METISUSDT
Gate METIS_USDT
MEXC METIS_USDT
Bitget METISUSDT
BingX METIS-USDT
Variational Omni METIS
Bybit METISUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_METISUSDshort | +0.0760% | 1h | 3.4716 | −0.099% | $2K | $2K | 10x | |
| KuCoin METISUSDTM | +0.1088% | 4h | 3.4800 | +0.144% | $629K | $187K | 30x | as long as short |
KuCoin METISUSDTM