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Funding arb · Price arb /

META

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.053%
Price spread now: QFEX against Arcus+0.043%7-day average +0.030% · 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−$32as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Long on ArcusShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.120%−$12 on $10k
Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.043%, 7d avg +0.030%
Together, before fees−0.127%−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus META-USD745.000.0040pay 0.0005% / 1h38m 37s$112K$339K10x
ShortQFEX META-USD745.320.0031get 0.0004% / 1h38m 37s$2.2M$13.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
−$1.91
Price spread: +0.043% → +0.030%
$1.29
Slippage, 4 orders
−$18.41
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$33.53
Costs to cover
0.329%
Break-even
never at this rate
Slippage from Arcus: live order book, 65 min ago; QFEX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 65 min ago2.55 bp8.0 bp −$813.3 bp −$133doesn't fitdoesn't fit
Sell QFEX live order book, 6 min ago1.95 bp6.9 bp −$78.2 bp −$8218.5 bp −$1,849doesn't fit

META on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin META-USDT−0.0120%8h745.56+0.075%$332K$1.1M20xas long as short
Aster METAUSDT0.0000%8h745.000.000%$479K$593K20xas long as short
Extended META_24_5-USD0.0000%1h745.20+0.027%$548K$3.4M17xas long as short
Binance METAUSDT0.0000%8h745.40+0.054%$25.1M$188.5M20xas long as short
Bybit METAUSDT0.0000%8h745.29+0.039%$7.5M$15.3M100xas long as short
OKX META-USDT-SWAP0.0000%8h745.49+0.066%$6.0M$12.7M20xas long as short
Gate META_USDT0.0000%8h744.80−0.027%$466K$6.2M100xas long as short
Bitget METAUSDT0.0000%8h745.35+0.047%$5.5M$12.3M100xas long as short
Variational Omni META0.0000%8h745.36+0.048%$2.4M$3.1M—as long as short
GRVT META_USDT_Perp0.0000%8h745.53+0.072%$12K$436K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX META-USDT0.0000%8h745.53+0.071%$811$8.1M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h745.03+0.004%$34K$275K10xas long as short
HTX META-USDT0.0000%8h745.31+0.042%$108K$311K30xas long as short
Phemex METAUSDT0.0000%4h745.38+0.051%$2.0M$8K10xas long as short
Nado META-PERP+0.0029%1h744.77−0.031%$480K$560K20xas long as short
QFEX META-USDshort+0.0031%1h745.32+0.043%$2.2M$13.9M10x
Lighter RH META+0.0032%1h745.55+0.074%$789K$3.1M20xas long as short
Arcus META-USDlong+0.0040%1h745.00long leg$112K$339K10x
Vest META-USD-PERP+0.0046%1h745.63+0.085%—$12K25xas long as short
Popdex METAUSDT+0.0048%1h745.41+0.055%$177K$202K20xas long as short
Polymarket Perps META-USD+0.0050%1h745.04+0.005%$565K$621K10xas long as short
SoDEX META-USD+0.0050%1h745.45+0.060%$25K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h745.22+0.030%$729K$5.1M10xas long as short
Paradex META-USD-PERP+0.0054%8h745.05+0.006%——5xas long as short
Aftermath Perps METAUSD+0.0086%1h745.90+0.121%$48K$89K10xas long as short
Pacifica META+0.0100%1h744.78−0.029%$25$18910xas long as short
KuCoin METAUSDTM+0.0100%8h745.15+0.020%$1.6M$715K20xas long as short
ApeX Omni METAUSDT+0.0100%1h744.72−0.038%$167K$71K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h745.50+0.067%$1K$2410xas long as short
Aevo META-PERP+0.0104%1h745.35+0.047%$268—10xas long as short
Coinbase International META-PERP-INTX+0.0104%1h745.36+0.048%$644K$7.9M10xas long as short
Injective META/USDC PERP+0.0220%1h746.51+0.203%$172K$46K30xas long as short
Hotstuff META-PERP+0.0424%1h745.67+0.090%$33K$10520xas long as short
Lighter META+0.0456%1h745.66+0.089%$1.1M$2.9M20xas long as short
tradeXYZ xyz:META+0.0547%1h745.69+0.093%$81.1M$129.7M20xas long as short
edgeX METAUSDC+0.0621%4h745.42+0.057%$62K$343K10xas long as short
Phoenix META+0.0750%1h746.26+0.169%$797K$1.5M20xas long as short