META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.035%

Price spread now: Injective against ApeX Omni+0.376%108s7-day average +0.332% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1081.084% of the position

Long on ApeX Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now +0.376%, 7d avg +0.332%

Together, before fees+0.422%+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.043% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.332%. The two prices were read 108 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	ApeX Omni METAUSDT	745.28	0.0100	pay 0.0013% / 1h	45m 29s	$167K	$71K	50x
Short	Injective META/USDC PERP	748.08	0.0220	get 0.0028% / 1h	45m 29s	$177K	$52K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.376%Rate

Funding earned: $25.2
Price spread: +0.376% → +0.332%: $4.33
Slippage, 4 orders: −$98.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$78.85
Costs to cover: 1.084%
Break-even: 28.9 days

Slippage from ApeX Omni: live order book, 50 min ago; Injective: live order book, 53 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, 50 min ago	2.62 bp	29.1 bp −$29	374.5 bp −$3,745	doesn't fit	doesn't fit
Sell Injective live order book, 53 min ago	15.27 bp	40.3 bp −$40	doesn't fit	doesn't fit	doesn't fit

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	745.52	+0.032%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0046%	1h	744.77	−0.068%	$480K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.00	+0.097%	$489K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.96	−0.044%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.15	−0.017%	$25.7M	$191.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.90	−0.051%	$7.4M	$15.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.82	−0.062%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.66	−0.083%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.85	−0.058%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.82	−0.061%	$2.5M	$3.0M	—	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	746.46	+0.158%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.04	−0.032%	$1K	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.71	−0.076%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.78	−0.067%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.46	+0.024%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.28	0.000%	$795K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.90	−0.051%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.71	−0.076%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.30	+0.003%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.01	−0.036%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.66	−0.083%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.86	−0.056%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.50	−0.105%	$724K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	744.85	−0.057%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0082%	1h	745.56	+0.038%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	745.01	−0.037%	$635	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.35	+0.009%	$1.6M	$752K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	745.28	long leg	$167K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.27	−0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.04	−0.032%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.50	−0.105%	$652K	$8.1M	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	748.08	+0.376%	$177K	$52K	30x
Lighter META	+0.0224%	1h	745.48	+0.027%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0254%	1h	745.04	−0.032%	$84.2M	$132.8M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	745.17	−0.015%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0372%	4h	746.05	+0.103%	$63K	$347K	10x	as long as short
Phoenix META	+0.0791%	1h	746.16	+0.118%	$797K	$1.5M	20x	as long as short