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Funding arb · Price arb /

METIS

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0342%/8h= +37.4% APRnext payment +$1.71 per $10,000 · paid last 24h +0.033%
Price spread now: KuCoin against Variational Omni−0.051%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. KuCoin is 0.051% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni METIS3.53480.0100pay 0.0050% / 4h1h 36m$33K$33K—
ShortKuCoin METISUSDTM3.53300.0442get 0.0221% / 4h1h 36m$633K$198K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$71.82
Price spread: −0.051% → 0.000%
−$5.12
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$54.7
Costs to cover
0.120%
Break-even
1.7 days
Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 62 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample—————
Sell KuCoin live order book, 62 min ago25.51 bp269.0 bp −$269doesn't fitdoesn't fitdoesn't fit
Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_METISUSD−0.0014%1h3.5338−0.029%$2K$5K10xas long as short
Injective METIS/USDC PERP+0.0033%1h3.2100−9.189%—$40K5.5xas long as short
Aster METISUSDT+0.0100%4h3.5324−0.069%$12K$22K5xas long as short
Binance METISUSDT+0.0100%4h3.5310−0.108%$2.2M$4.2M50xas long as short
Bybit METISUSDT+0.0100%4h3.5370+0.062%$698K$589K20xas long as short
Gate METIS_USDT+0.0100%4h3.5300−0.136%$152K$139K50xas long as short
MEXC METIS_USDT+0.0100%4h3.5330−0.051%$654K$236K50xas long as short
Bitget METISUSDT+0.0100%4h3.5300−0.136%$218K$436K50xas long as short
Variational Omni METISlong+0.0100%4h3.5348long leg$33K$33K—
OKX METIS-USDT-SWAP+0.0172%4h3.5290−0.164%$395K$989K10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX METIS-USDT+0.0184%4h3.5330−0.051%—$2.4M—as long as short
KuCoin METISUSDTMshort+0.0442%4h3.5330−0.051%$633K$198K30x