META

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.036%

Price spread now: Hotstuff against Arcus+0.054%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hotstuff is 0.054% dearer against Arcus than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	740.35	0.0040	pay 0.0005% / 1h	36m 27s	$260K	$316K	10x
Short	Hotstuff META-PERP	740.75	0.0072	get 0.0009% / 1h	36m 27s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.054%Rate

Funding earned: $6.66
Price spread: +0.054% → 0.000%: $5.4
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $2.56
Costs to cover: 0.095%
Break-even: 4.3 days

Slippage unknown: Arcus: live order book, 47 min ago; Hotstuff: no order-book sample. Net counts fees only.

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, 47 min ago	3.58 bp	6.0 bp −$6	7.0 bp −$70	12.5 bp −$1,251	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	740.63	+0.038%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0060%	1h	740.51	+0.022%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.11	+0.103%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.35	+0.001%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.58	+0.031%	$26.9M	$177.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.56	+0.028%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.37	+0.003%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.98	−0.050%	$330K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.56	+0.028%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.36	+0.001%	$1.6M	$2.6M	—	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	740.44	+0.012%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.65	+0.041%	$710	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.58	+0.031%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.48	+0.018%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.53	+0.024%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.41	+0.008%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.83	+0.065%	$744K	$3.2M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	740.35	long leg	$260K	$316K	10x
Vest META-USD-PERP	+0.0046%	1h	741.08	+0.099%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.50	+0.020%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.61	+0.035%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.60	+0.034%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.41	+0.008%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.24	−0.015%	$666K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	740.87	+0.070%	$49K	$63K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.074%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	−0.003%	$291K	$791K	20x	as long as short
Hotstuff META-PERPshort	+0.0072%	1h	740.75	+0.054%	$33K	$105	20x
Lighter META	+0.0096%	1h	740.78	+0.058%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.52	+0.023%	$1.6M	$360K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.89	−0.062%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.64	+0.039%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.45	+0.013%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0124%	1h	740.61	+0.035%	$68.3M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.94	−0.055%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0892%	4h	740.33	−0.003%	$62K	$330K	10x	as long as short