META

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%

Price spread now: BloFin against Binance+0.003%51s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.267% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.003%, 7d avg −0.002%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	745.18	0	get 0.0000% / 8h	7h 02m	$25.9M	$191.7M	20x
Short	BloFin META-USDT	745.21	−0.0120	pay 0.0120% / 8h	7h 02m	$334K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$25.2
Price spread: +0.003% → −0.002%: $0.51
Slippage, 4 orders: −$4.66
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.36
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 5 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 Binance live order book, 11 min ago	0.07 bp	6.6 bp −$7	16.3 bp −$163	55.8 bp −$5,580	doesn't fit
Sell BloFin live order book, 5 min ago	0.13 bp	7.0 bp −$7	10.8 bp −$108	doesn't fit	doesn't fit

META on 37 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
BloFin META-USDTshort	−0.0120%	8h	745.21	+0.003%	$334K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	744.80	−0.052%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.98	−0.027%	$546K	$3.4M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	745.18	long leg	$25.9M	$191.7M	20x
Bybit METAUSDT	0.0000%	8h	745.45	+0.036%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.36	+0.024%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.75	−0.058%	$442K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.06	−0.017%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.88	−0.041%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.10	−0.011%	$12K	$437K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.06	−0.017%	$1K	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.74	−0.060%	$36K	$270K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.84	−0.046%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.09	−0.013%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	744.78	−0.055%	$479K	$559K	20x	as long as short
Lighter RH META	+0.0032%	1h	745.30	+0.015%	$790K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	745.08	−0.014%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.78	−0.054%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.44	+0.034%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.20	+0.002%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.84	−0.046%	$566K	$618K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.20	+0.002%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.28	−0.121%	$719K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	745.08	−0.014%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	745.52	+0.045%	$51K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	744.43	−0.101%	$612	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.96	−0.030%	$1.6M	$795K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.32	−0.116%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.19	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.94	−0.033%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.19	−0.133%	$642K	$8.0M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	745.27	+0.011%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	−0.054%	$176K	$52K	30x	as long as short
Lighter META	+0.0296%	1h	745.49	+0.041%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0300%	1h	745.38	+0.026%	$86.1M	$134.5M	20x	as long as short
edgeX METAUSDC	+0.0510%	4h	745.00	−0.025%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	746.00	+0.109%	$796K	$1.5M	20x	as long as short