META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.088%

Price spread now: Extended against Arcus+0.038%7-day average +0.001% · 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−$27as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Arcus Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.038%, 7d avg +0.001%

Together, before fees−0.295%+ Points / potential airdropExtended: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.037% dearer against Arcus than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of +0.001%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	740.80	0.0040	pay 0.0005% / 1h	35m 50s	$110K	$330K	10x
Short	Extended META_24_5-USD	741.08	0	get 0.0000% / 1h	35m 50s	$549K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$8.46
Price spread: +0.038% → +0.001%: $3.7
Slippage, 4 orders: −$21.2
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$35.45
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Arcus: live order book, 28 min ago; Extended: 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, 28 min ago	3.17 bp	6.6 bp −$7	11.5 bp −$115	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.27 bp	5.2 bp −$5	23.1 bp −$231	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	741.24	+0.059%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	740.90	+0.014%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.63	+0.112%	$466K	$549K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	741.08	+0.038%	$549K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	741.31	+0.069%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.24	+0.059%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.29	+0.066%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.15	+0.047%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.29	+0.066%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	+0.045%	$2.3M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.42	+0.083%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.18	+0.051%	$800	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.70	−0.013%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.97	+0.023%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.21	+0.055%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.45	+0.088%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.10	+0.040%	$2.1M	$13.7M	10x	as long as short
Arcus META-USDlong	+0.0040%	1h	740.80	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	741.39	+0.080%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.28	+0.065%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.98	+0.024%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.27	+0.063%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.036%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	740.98	+0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.15	+0.182%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.138%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.39	+0.080%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.68	−0.016%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.11	+0.042%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.06	+0.035%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.367%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.42	+0.084%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0248%	1h	741.33	+0.072%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	741.36	+0.076%	$69.2M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.14	+0.181%	$521K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0560%	4h	741.14	+0.046%	$62K	$335K	10x	as long as short