Funding you earn now, next payment 09:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.023%
Price spread now: Extended against Aevo−0.057%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.057% cheaper against Aevo than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo META-PERP | 746.44 | 0.0104 | pay 0.0013% / 1h | 50m 57s | $269 | — | 10x |
| Short | Extended META_24_5-USD | 746.01 | 0 | get 0.0000% / 1h | 50m 57s | $547K | $3.4M | 17x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Aevo. 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
- −$21.84
- Price spread: −0.057% → 0.000%
- −$5.71
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$48.55
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Extended: live order book, 3 min ago. 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 3 min ago | 0.40 bp | 5.4 bp −$5 | 37.3 bp −$373 | doesn't fit | doesn't fit |
Aevo: 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.
META on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.0120% | 8h | 746.56 | +0.016% | $335K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0039% | 1h | 746.65 | +0.028% | $481K | $561K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.22 | −0.029% | $483K | $597K | 20x | as long as short |
| Extended META_24_5-USDshort | 0.0000% | 1h | 746.01 | −0.057% | $547K | $3.4M | 17x | |
| Binance METAUSDT | 0.0000% | 8h | 746.00 | −0.059% | $25.6M | $190.6M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.69 | −0.101% | $7.5M | $15.6M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.84 | −0.080% | $6.0M | $12.8M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 746.00 | −0.059% | $471K | $6.2M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 745.86 | −0.078% | $5.7M | $12.4M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 744.33 | −0.283% | $2.5M | $3.2M | — | as long as short |
Show all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 745.97 | −0.062% | $12K | $440K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 746.77 | +0.044% | $868 | $7.9M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 746.44 | 0.000% | $53K | $290K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 746.27 | −0.023% | $108K | $312K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.53 | +0.012% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 746.78 | +0.045% | $796K | $2.9M | 20x | as long as short |
| QFEX META-USD | +0.0036% | 1h | 746.80 | +0.048% | $2.2M | $14.1M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 746.25 | −0.026% | $112K | $337K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.88 | +0.059% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 746.80 | +0.048% | $180K | $205K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 746.49 | +0.007% | $568K | $619K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 746.52 | +0.011% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 746.22 | −0.030% | $725K | $5.1M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0057% | 8h | 746.59 | +0.020% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0085% | 1h | 746.49 | +0.007% | $49K | $90K | 10x | as long as short |
| Pacifica META | +0.0100% | 1h | 746.36 | −0.010% | $633 | $1K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 746.33 | −0.015% | $1.6M | $746K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.75 | −0.093% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 746.63 | +0.025% | $1K | $24 | 10x | as long as short |
| Aevo META-PERPlong | +0.0104% | 1h | 746.44 | long leg | $269 | — | 10x | |
| Coinbase International META-PERP-INTX | +0.0120% | 1h | 746.12 | −0.043% | $647K | $8.1M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 748.08 | +0.220% | $177K | $52K | 30x | as long as short |
| Lighter META | +0.0224% | 1h | 746.94 | +0.067% | $1.2M | $2.9M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0297% | 1h | 746.51 | +0.009% | $84.7M | $132.2M | 20x | as long as short |
| Hotstuff META-PERP | +0.0400% | 1h | 746.84 | +0.053% | $33K | $105 | 20x | as long as short |
| edgeX METAUSDC | +0.0572% | 4h | 746.25 | −0.026% | $63K | $346K | 10x | as long as short |
| Phoenix META | +0.0791% | 1h | 746.41 | −0.004% | $797K | $1.5M | 20x | as long as short |
Extended META_24_5-USD
BloFin META-USDT
Aster METAUSDT
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
Pacifica META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
tradeXYZ xyz:META
edgeX METAUSDC
Phoenix META