METIS Funding Rate — live across 10 venues

Perpetual funding · compared across 10 venues · net of estimated fees · updated every few minutes

Live annualized METIS perpetual funding across all 10 venues Perpia tracks. Right now METIS funding is positive on 10 and negative on 0, ranging from +15.8% on KuCoin to +2.0% on OKX — a spread of 13.8%. The widest delta-neutral trade is long OKX / short KuCoin at 8.5% net APR.

10venues

10paying positive

13.8%funding spread

Best METIS spread now

8.5%

net APR after fees

LongOKX↗→ShortKuCoin↗

size depends on live venue depth — see the real cap in the scanner

METIS funding trend & liquidity

168h of history

13.8%current gross APR

2.1%24h average

3.6%7-day average

$597Kpair OI · lower leg

$747K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

METIS · OKX → KuCoin — no history

Loading METIS rate history…

Build a route

any two of the 10 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+13.8%+$3.78 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 10 venues

Venue	Funding APR ↓	Interval
KuCoin↗short	+15.8%	every 4h
BingX↗	+10.9%	every 4h
Bitget↗	+10.9%	every 4h
Variational↗	+10.9%	every 4h
Bybit↗	+10.9%	every 4h
Aster↗	+8.9%	every 4h
Binance↗	+6.2%	every 4h
MEXC↗	+5.5%	every 4h
Gate.io↗	+4.6%	every 4h
OKX↗long	+2.0%	every 4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the OKX vs KuCoin page. 20 pairs scanned for METIS.

METIS arbitrage — 30-day backtest

long OKX · short KuCoin

6.7%backtested APR

+$55historical net P&L on $10,000

0.02%max drawdown

$10,000$10,055

30 days agostarting capital $10,000today

Over the last 30 days, holding long OKX / short KuCoin would have produced 6.7% APR — versus the 8.5% the live spread implies right now (equity $10,000 → $10,055). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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METIS — FAQ

Is METIS funding positive right now?

METIS perpetual funding is positive on 10 of 10 venues Perpia tracks. The highest is +15.8% on KuCoin; the lowest is +2.0% on OKX.

What is the best METIS funding arbitrage right now?

Go long OKX and short KuCoin for about 8.5% net APR after fees — the widest delta-neutral METIS spread Perpia currently sees.

Which exchange has the highest METIS funding rate?

KuCoin, at +15.8% annualized. Funding shifts continuously, so check the live table above before trading.

How METIS funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to METIS

also quoted on both KuCoin and OKX

The same two exchanges you would already have funded for the METIS trade. Every spread between them is on the KuCoin vs OKX page.

Open the live scanner →All funding rates Funding by exchange How we calculate this