META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%

Price spread now: Binance against BloFin+0.051%81s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as 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−$280.279% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.051%, 7d avg 0.000%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.051% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 81 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	BloFin META-USDT	743.90	−0.0120	get 0.0120% / 8h	2h 13m	$330K	$1.1M	20x
Short	Binance METAUSDT	744.28	0	get 0.0000% / 8h	2h 13m	$27.7M	$182.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: $25.2
Price spread: +0.051% → 0.000%: $5.12
Slippage, 4 orders: −$5.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $2.41
Costs to cover: 0.279%
Break-even: 6.3 days

Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 14 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 BloFin live order book, 3 min ago	0.54 bp	8.9 bp −$9	13.3 bp −$133	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.07 bp	5.7 bp −$6	11.9 bp −$119	39.3 bp −$3,931	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	−0.0140%	1h	743.36	−0.073%	$31K	$263K	10x	as long as short
BloFin META-USDTlong	−0.0120%	8h	743.90	long leg	$330K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	743.99	+0.011%	$479K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.03	+0.018%	$544K	$2.6M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	744.28	+0.051%	$27.7M	$182.6M	20x
Bybit METAUSDT	0.0000%	8h	744.08	+0.024%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.45	+0.074%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.79	−0.015%	$439K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.35	+0.060%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.82	−0.010%	$2.4M	$3.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.82	−0.011%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.18	+0.038%	$893	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.97	+0.009%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.48	+0.078%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	743.97	+0.009%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.38	+0.065%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.51	−0.052%	$109K	$331K	10x	as long as short
edgeX METAUSDC	+0.0042%	4h	743.62	−0.038%	$62K	$341K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.46	+0.075%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.99	+0.012%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.15	+0.034%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.82	−0.011%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.20	+0.040%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.21	−0.093%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	744.06	+0.022%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.27	+0.049%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.93	+0.004%	$1.6M	$653K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.01	−0.120%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.12	+0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.94	+0.006%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.43	−0.063%	$654K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.284%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	744.66	+0.102%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.46	+0.075%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0447%	1h	744.72	+0.110%	$75.5M	$125.5M	20x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.133%	$795K	$1.4M	20x	as long as short