META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h −0.039%

Price spread now: Coinbase International against Arcus−0.017%7-day average −0.072% · 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−$32as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.205%−$20 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.017%, 7d avg −0.072%

Together, before fees−0.175%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.055% dearer against Arcus than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.072%. Mind the row above: over the last 4 days funding on this pair cost −0.205%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	746.25	0.0040	pay 0.0005% / 1h	50m 57s	$112K	$337K	10x
Short	Coinbase International META-PERP-INTX	746.12	0.0120	get 0.0015% / 1h	50m 57s	$647K	$8.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now −0.017%Rate

Funding earned: $16.74
Price spread: −0.017% → −0.072%: $5.48
Slippage, 4 orders: −$23.42
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.69
Costs to cover: 0.379%
Break-even: 13.6 days

Slippage from Arcus: live order book, 48 min ago; Coinbase International: live order book, 3 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 Arcus live order book, 48 min ago	2.55 bp	10.1 bp −$10	13.5 bp −$135	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.28 bp	8.3 bp −$8	13.0 bp −$130	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	746.56	+0.042%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	746.65	+0.053%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.22	−0.004%	$483K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.01	−0.032%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.00	−0.034%	$25.6M	$190.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.69	−0.075%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.84	−0.055%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.00	−0.034%	$471K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.86	−0.052%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.33	−0.258%	$2.5M	$3.2M	—	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	745.97	−0.037%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.77	+0.070%	$868	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.44	+0.025%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.27	+0.003%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.53	+0.038%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.78	+0.071%	$796K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	746.80	+0.074%	$2.2M	$14.1M	10x	as long as short
Arcus META-USDlong	+0.0040%	1h	746.25	long leg	$112K	$337K	10x
Vest META-USD-PERP	+0.0046%	1h	746.88	+0.084%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.80	+0.074%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.49	+0.032%	$568K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.52	+0.036%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.22	−0.004%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	746.59	+0.045%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.49	+0.032%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	746.36	+0.015%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.33	+0.011%	$1.6M	$746K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.75	−0.067%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.63	+0.051%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.44	+0.026%	$269	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0120%	1h	746.12	−0.017%	$647K	$8.1M	10x
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.245%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	746.94	+0.092%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0297%	1h	746.51	+0.035%	$84.7M	$132.2M	20x	as long as short
Hotstuff META-PERP	+0.0400%	1h	746.84	+0.079%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0572%	4h	746.25	0.000%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.41	+0.021%	$797K	$1.5M	20x	as long as short