META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.029%

Price spread now: Popdex against Arcus+0.062%7-day average +0.034% · 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−$26as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Arcus Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.062%, 7d avg +0.034%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.028% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	739.99	0.0040	pay 0.0005% / 1h	4m 29s	$110K	$330K	10x
Short	Popdex METAUSDT	740.45	0.0048	get 0.0006% / 1h	4m 29s	$176K	$197K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.062%Rate

Funding earned: $1.62
Price spread: +0.062% → +0.034%: $2.81
Slippage, 4 orders: −$17.9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$24.36
Costs to cover: 0.288%
Break-even: 112.2 days

Slippage from Arcus: live order book, 64 min ago; Popdex: live order book, 64 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, 64 min ago	2.84 bp	6.5 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Popdex live order book, 64 min ago	0.27 bp	3.9 bp −$4	7.0 bp −$70	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-PERP	−0.0115%	1h	740.07	+0.011%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.76	+0.104%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.26	+0.036%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.45	+0.062%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.41	+0.057%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.57	+0.078%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.14	+0.020%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	+0.058%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.47	+0.064%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.33	+0.046%	$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	740.31	+0.043%	$873	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.87	−0.016%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.27	+0.038%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.44	+0.061%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.40	+0.055%	$2.2M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.62	+0.085%	$761K	$3.0M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	739.99	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	740.58	+0.080%	—	$11K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	740.45	+0.062%	$176K	$197K	20x
Polymarket Perps META-USD	+0.0050%	1h	740.22	+0.031%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.49	+0.068%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.94	−0.007%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	740.29	+0.040%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.87	+0.118%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.45	+0.062%	$1.6M	$496K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.73	−0.035%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.52	+0.072%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.28	+0.039%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.091%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.39	+0.054%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.58	+0.080%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.18	+0.296%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0241%	1h	740.40	+0.055%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.05	+0.143%	$460K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0925%	4h	740.30	+0.042%	$62K	$335K	10x	as long as short