META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0206%/8h= +22.6% APRnext payment +$0.26 per $10,000 · paid last 24h −0.011%

Price spread now: tradeXYZ against Arcus+0.087%7-day average −0.002% · 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−$29as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Arcus Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.087%, 7d avg −0.002%

Together, before fees−0.157%+ Points / potential airdroptradeXYZ: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.088% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.002%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.041% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	739.52	0.0040	pay 0.0005% / 1h	39m 19s	$110K	$330K	10x
Short	tradeXYZ xyz:META	740.16	0.0247	get 0.0031% / 1h	39m 19s	$68.3M	$120.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.087%Rate

Funding earned: $43.34
Price spread: +0.087% → −0.002%: $8.81
Slippage, 4 orders: −$15.73
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $13.93
Costs to cover: 0.382%
Break-even: 4.8 days

Slippage from Arcus: live order book, 29 min ago; tradeXYZ: live order book, 10 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, 29 min ago	2.84 bp	6.5 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.07 bp	10.1 bp −$10	11.7 bp −$117	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
Deribit META_USDC-PERPETUAL	−0.0210%	1h	739.42	−0.014%	$31K	$244K	10x	as long as short
Nado META-PERP	−0.0148%	1h	739.74	+0.030%	$478K	$547K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	+0.064%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.69	+0.158%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.82	+0.040%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.99	+0.064%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.01	+0.066%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.77	+0.034%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.56	+0.005%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.92	+0.054%	$5.5M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.73	+0.028%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.92	+0.054%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.97	+0.061%	$825	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.69	+0.023%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.05	+0.072%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.88	+0.049%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.11	+0.080%	$750K	$3.0M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	739.52	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	740.33	+0.110%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.93	+0.055%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.78	+0.035%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.92	+0.054%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.23	−0.039%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.73	+0.029%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.51	+0.134%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.98	+0.062%	$1.6M	$469K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.34	−0.024%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.99	+0.064%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	739.98	+0.062%	$855K	$2.4M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.82	+0.041%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.009%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	739.99	+0.064%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.58	+0.008%	$170K	$48K	30x	as long as short
tradeXYZ xyz:METAshort	+0.0247%	1h	740.16	+0.087%	$68.3M	$120.3M	20x
Phoenix META	+0.0313%	1h	740.70	+0.160%	$386K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0992%	4h	740.02	+0.068%	$62K	$334K	10x	as long as short