META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h +0.007%

Price spread now: Popdex against ApeX Omni+0.118%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on ApeX Omni Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.118%, 7d avg +0.049%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.069% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.049%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	738.62	0.0100	pay 0.0013% / 1h	31m 15s	$165K	$72K	50x
Short	Popdex METAUSDT	739.49	0.0048	get 0.0006% / 1h	31m 15s	$177K	$194K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$10.92
Price spread: +0.118% → +0.049%: $6.92
Slippage, 4 orders: −$50.84
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$71.24
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 40 min ago; Popdex: live order book, 42 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, 40 min ago	2.63 bp	18.6 bp −$19	368.6 bp −$3,686	doesn't fit	doesn't fit
Sell Popdex live order book, 42 min ago	0.40 bp	4.0 bp −$4	8.5 bp −$85	doesn't fit	doesn't fit

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	739.50	+0.119%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.57	+0.128%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.36	+0.100%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.50	+0.119%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.51	+0.120%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.24	+0.084%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.95	+0.045%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.37	+0.102%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.38	+0.103%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	738.91	+0.039%	$12K	$479K	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	739.25	+0.085%	$679	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.21	+0.080%	$30K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.28	+0.089%	$106K	$291K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	738.98	+0.049%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0012%	1h	739.14	+0.071%	$371K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.70	+0.146%	$756K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.50	+0.119%	—	$11K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	739.49	+0.118%	$177K	$194K	20x
Polymarket Perps META-USD	+0.0050%	1h	739.22	+0.081%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.38	+0.103%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.50	−0.016%	$691K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.34	+0.097%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.55	−0.009%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	739.24	+0.084%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.39	+0.104%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	739.47	+0.115%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.41	+0.107%	$1.6M	$428K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	738.62	long leg	$165K	$72K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.51	+0.120%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.34	+0.097%	$266	—	10x	as long as short
edgeX METAUSDC	+0.0143%	4h	738.77	+0.020%	$62K	$334K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.018%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0174%	1h	739.46	+0.114%	$67.4M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.02	+0.325%	$171K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	739.66	+0.141%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.35	+0.099%	$277K	$930K	20x	as long as short