META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.050%

Price spread now: Nado against Arcus+0.022%7-day average −0.005% · 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−$36as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.201%−$20 on $10k

Price spread, last 4 days (all we have)−0.562%−$56 · spread now +0.022%, 7d avg −0.005%

Together, before fees−0.763%+ Points / potential airdropNado: Active · farm board−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.027% dearer against Arcus than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	740.00	0.0040	pay 0.0005% / 1h	2m 58s	$110K	$330K	10x
Short	Nado META-PERP	740.17	−0.0114	pay 0.0014% / 1h	2m 58s	$478K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.022%Rate

Funding earned: −$32.43
Price spread: +0.022% → −0.005%: $2.72
Slippage, 4 orders: −$26.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$67.99
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Arcus: live order book, 66 min ago; Nado: live order book, 65 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, 66 min ago	2.84 bp	6.5 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Nado live order book, 65 min ago	0.88 bp	13.4 bp −$13	30.7 bp −$307	doesn't fit	doesn't fit

META on 35 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
Nado META-PERPshort	−0.0114%	1h	740.17	+0.022%	$478K	$549K	20x
Aster METAUSDT	0.0000%	8h	740.77	+0.104%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.13	+0.018%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.45	+0.061%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.27	+0.036%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.29	+0.039%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.32	+0.043%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	+0.057%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.47	+0.063%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.062%	$12K	$432K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.22	+0.030%	$948	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.69	−0.042%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.18	+0.024%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.44	+0.059%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.40	+0.054%	$2.2M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.59	+0.080%	$761K	$3.0M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	740.00	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	740.58	+0.078%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.43	+0.058%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.14	+0.019%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	+0.055%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.94	−0.008%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	740.35	+0.047%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.84	+0.113%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.51	+0.069%	$1.6M	$496K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.73	−0.036%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.35	+0.047%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.20	+0.027%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.089%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.44	+0.059%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.54	+0.073%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.18	+0.295%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0241%	1h	740.42	+0.057%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.11	+0.150%	$464K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0925%	4h	740.30	+0.040%	$62K	$335K	10x	as long as short