META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.018%

Price spread now: QFEX against ApeX Omni−0.062%56s7-day average +0.045% · you buy dearer than you sell

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

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

costs, in and out, $10k−$720.718% of the position

Long on ApeX Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.084%−$8 on $10k

Price spread, last 3 days (all we have)+0.124%+$12 · spread now −0.062%, 7d avg +0.045%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.107% cheaper against ApeX Omni than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.045%). Swap the legs. The two prices were read 56 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	740.19	0.0100	pay 0.0013% / 1h	54m 21s	$166K	$73K	50x
Short	QFEX META-USD	739.73	0.0055	get 0.0007% / 1h	54m 21s	$2.2M	$14.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$9.41
Price spread: −0.062% → +0.045%: −$10.69
Slippage, 4 orders: −$51.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$91.86
Costs to cover: 0.718%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 17 min ago; QFEX: live order book, 10 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, 17 min ago	2.63 bp	18.6 bp −$19	368.6 bp −$3,686	doesn't fit	doesn't fit
Sell QFEX live order book, 10 min ago	1.62 bp	6.6 bp −$7	7.3 bp −$73	17.1 bp −$1,710	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	740.04	−0.020%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.53	+0.046%	$461K	$545K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.71	−0.065%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.85	−0.047%	$27.4M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.81	−0.051%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.85	−0.046%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.61	−0.078%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.81	−0.051%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	+0.043%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.74	+0.074%	$12K	$484K	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	739.79	−0.054%	$849	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.51	−0.092%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.81	+0.084%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0014%	1h	739.44	−0.101%	$384K	$334K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.18	−0.001%	$758K	$3.1M	20x	as long as short
Ondo Perps META-USD.P	+0.0036%	1h	739.05	−0.154%	$746K	$4.3M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.11	−0.011%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.86	−0.045%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.56	−0.085%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.91	−0.038%	$24K	$3K	10x	as long as short
QFEX META-USDshort	+0.0055%	1h	739.73	−0.062%	$2.2M	$14.2M	10x
Arcus META-USD	+0.0063%	1h	740.26	+0.009%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	739.40	−0.107%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	740.18	−0.001%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.97	−0.030%	$1.6M	$410K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	740.19	long leg	$166K	$73K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.95	−0.032%	$1K	$24	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0102%	1h	739.63	−0.076%	$30K	$253K	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.72	−0.063%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0120%	1h	739.61	−0.078%	$67.6M	$121.1M	20x	as long as short
Phoenix META	+0.0129%	1h	740.67	+0.065%	$291K	$930K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	−0.011%	$602K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	+0.016%	$168K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.28	+0.012%	$856K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0328%	1h	740.08	−0.015%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0751%	4h	740.87	+0.091%	$62K	$332K	10x	as long as short