META

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BackpackMETA.US_USDC_PERP	603.34	+0.0373	pay 0.0047% / 1h	39m 35s	$402K	$354K	10x	Long Backpack
SHORT	KalshiKXMETAPERP	602.49	−0.0573	pay 0.0573% / 8h	4h 39m	$1.5M	$9.5M	4.5x	Short Kalshi

Price gap−0.140%

Funding gap−0.0946% /8h

Both sides work against this direction now: funding costs $28 a day on $10k and the gap is 0.036% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding—−0.0946% /8h now · no funding history yet

Price−$4spread −0.140% now, avg −0.104% → −0.036% if it goes back

Costs−$340.336% of $10k · taker + slippage, in and out

Result—no pointsneeds funding history

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.140%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

META on 44 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

OK: Fits both order books12.7 / 7.0 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $2,191
Backpack 10x, Kalshi 4.5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$28.37Long Backpack: 24 payments, −$11.19; short Kalshi: 3 payments, −$17.18.
Watch: Gap narrower than usual−0.140% vs −0.104%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$402K vs $1.5M OI
Backpack sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBackpack Yes · Kalshi Yes
KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earnedno history yet: current rate−$198.60

Price spread−0.140% → −0.104% (7d avg)−$3.60

Slippage, 4 orderslive order books−$15.64

Fee Backpack bp × 2 orders−$10.00

Fee Kalshi bp × 2 orders−$8.00

Net · 7 days · $10k−$235.84

Costs to cover0.336%Break-evennever at this rate

Slippage: Backpack: live order book, 42 min ago; Kalshi: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBackpack1.6812.7 bp−$1363.6 bp−$636doesn’t fitdoesn’t fit

SELL · SHORTKalshi2.167.0 bp−$78.2 bp−$82doesn’t fitdoesn’t fit

Closing costs about the same again.

META news

posts that mention META or Meta Platforms, from every exchange

11-05 12:39	Kalshi	Listing	new market KXMETAPERP ($META) seen by our collector
11-04 19:06	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
10-28 17:38	QFEX	Other	Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗
10-28 06:13	SoDEX	Other	☁️ AI COMPUTE BOOM: THE NEXT BIG TRADE? 🚀🔥 Big Tech is pouring billions into AI infrastructure! 💰 Broadcom: $63B AI compute financing deal 🔥 SpaceX: $40B GPU financing secured 🚀 Meta: Up to $97.5B in planned equity fundraising 📈 AI infrastructure stocks are back in focus! 📊 Trade the AI compute wave on SoDEX! 🔹 AI Cloud: 🚀 $NBIS +12.61% \| $CRWV +8.64% 🔹 AI Expansion: 📈 $SPCX +1.73% \| $META -1.66% 🔹 Cloud Giants: ☁️ solana:CWr8CzC1gCz7KhDMSUAjathCoSyVE7MxauNT75Bimoon (GOOGL) +2.32% \| $MSFT -0.39% \| $AMZN +2.14% 👀 Will AI infrastructure spending fuel the next rally? 👉 @sodex_official on X ↗
10-27 16:31	Vest Markets	Product	AMD's partnership with $META is in focus on the session, with $AMD up around 5%. AMD said today its Helios racks are installed and being tested at Meta, and that it will invest $1B in the $META equity offering, alongside $3B from $NVDA. EPYC processors also power Meta's Muse AI agent, per the release, with $AMD reporting Q3 results after the close on November 3. @VestExchange on X ↗
10-27 13:21	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗