META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0600%/8h= +65.7% APRnext payment +$0.75 per $10,000 · paid last 24h +0.033%

Price spread now: Phoenix against Aftermath Perps+0.079%63s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Phoenix

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—needs both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Phoenix is 0.079% dearer against Aftermath Perps than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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	Aftermath Perps METAUSD	744.30	0.0085	pay 0.0011% / 1h	17m 40s	$52K	$81K	10x
Short	Phoenix META	744.88	0.0685	get 0.0086% / 1h	17m 40s	$795K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aftermath Perps. 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

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee PhoenixbpOrdersPrice spread, now +0.079%Rate

Funding earned: $125.99
Price spread: +0.079% → 0.000%: $7.86
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $117.84
Costs to cover: 0.160%
Break-even: 0.5 days

Slippage unknown: Aftermath Perps: no order-book sample; Phoenix: live order book, 1 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 1 min ago	0.27 bp	6.4 bp −$6	14.0 bp −$140	doesn't fit	doesn't fit

Aftermath Perps: 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 36 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	743.87	−0.057%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.92	−0.050%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.61	−0.092%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.62	−0.091%	$27.6M	$182.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.49	−0.108%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.74	−0.075%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.24	−0.142%	$439K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.86	−0.058%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.58	−0.096%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.85	−0.060%	$13K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.19	−0.014%	$792	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.48	−0.110%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.88	−0.056%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.94	−0.048%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0014%	1h	743.33	−0.130%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.77	−0.071%	$760K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.44	−0.115%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.19	−0.014%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.81	−0.065%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.98	−0.042%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.62	−0.091%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.86	−0.058%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.32	−0.131%	$740K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	743.41	−0.118%	—	—	5x	as long as short
Aftermath Perps METAUSDlong	+0.0085%	1h	744.30	long leg	$52K	$81K	10x
KuCoin METAUSDTM	+0.0100%	8h	743.76	−0.072%	$1.6M	$650K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.10	−0.161%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.83	−0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.67	−0.085%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	−0.096%	$655K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0187%	4h	743.65	−0.087%	$62K	$340K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.230%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	743.86	−0.058%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.02	−0.037%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0448%	1h	743.94	−0.048%	$75.2M	$125.3M	20x	as long as short
Phoenix METAshort	+0.0685%	1h	744.88	+0.079%	$795K	$1.4M	20x