META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Coinbase International against ApeX Omni+0.126%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now +0.126%, 7d avg −0.063%

Together, before fees−0.341%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.188% dearer against ApeX Omni than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	739.73	0.0100	pay 0.0013% / 1h	3m 05s	$166K	$71K	50x
Short	Coinbase International META-PERP-INTX	740.66	0.0104	get 0.0013% / 1h	3m 05s	$609K	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0.84
Price spread: +0.126% → −0.063%: $18.83
Slippage, 4 orders: −$27.64
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$27.97
Costs to cover: 0.476%
Break-even: 240.1 days

Slippage from ApeX Omni: live order book, 63 min ago; Coinbase International: live order book, 6 min ago.

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 ApeX Omni live order book, 63 min ago	2.63 bp	15.4 bp −$15	379.5 bp −$3,795	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	2.50 bp	8.1 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit

META on 35 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
Nado META-PERP	−0.0114%	1h	740.17	+0.059%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.77	+0.141%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.13	+0.055%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.45	+0.098%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.27	+0.073%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.29	+0.076%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.32	+0.080%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	+0.093%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.47	+0.099%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.099%	$12K	$432K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.22	+0.066%	$948	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.69	−0.005%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.18	+0.061%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.44	+0.096%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.40	+0.091%	$2.2M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.59	+0.116%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.00	+0.036%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.58	+0.115%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.43	+0.095%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.14	+0.055%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	+0.092%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.94	+0.028%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	740.35	+0.084%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.84	+0.150%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.51	+0.105%	$1.6M	$496K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	739.73	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.35	+0.084%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.20	+0.064%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0104%	1h	740.66	+0.126%	$609K	$7.1M	10x
Hotstuff META-PERP	+0.0128%	1h	740.44	+0.096%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.54	+0.109%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.18	+0.331%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0241%	1h	740.42	+0.093%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.11	+0.187%	$464K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0925%	4h	740.30	+0.077%	$62K	$335K	10x	as long as short