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 +0.006%

Price spread now: Gate against BloFin−0.051%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$18 on $10k

Price spread, last 4 days (all we have)−0.465%−$47 · spread now −0.051%, 7d avg −0.072%

Together, before fees−0.281%−$28 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 Gate is 0.021% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	741.24	−0.0120	get 0.0120% / 8h	5h 36m	$328K	$1.1M	20x
Short	Gate META_USDT	740.86	0	get 0.0000% / 8h	5h 36m	$345K	$5.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: $25.2
Price spread: −0.051% → −0.072%: $2.11
Slippage, 4 orders: −$19.65
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.34
Costs to cover: 0.467%
Break-even: 12.4 days

Slippage from BloFin: live order book, 6 min ago; Gate: live order book, 2 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, 6 min ago	1.01 bp	10.5 bp −$11	18.1 bp −$181	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.26 bp	14.5 bp −$14	49.8 bp −$498	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
BloFin META-USDTlong	−0.0120%	8h	741.24	long leg	$328K	$1.1M	20x
Nado META-PERP	−0.0034%	1h	740.97	−0.036%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.62	+0.051%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.00	−0.032%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.14	−0.013%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.12	−0.016%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.29	+0.007%	$5.9M	$13.3M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	740.86	−0.051%	$345K	$5.6M	100x
Bitget METAUSDT	0.0000%	8h	741.22	−0.003%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	−0.015%	$2.3M	$3.1M	—	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	741.42	+0.024%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.22	−0.003%	$801	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.68	−0.076%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.88	−0.049%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.21	−0.004%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.49	+0.034%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.10	−0.019%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.80	−0.059%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.43	+0.026%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.28	+0.005%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.93	−0.042%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.13	−0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.096%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	740.98	−0.034%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.11	+0.118%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.078%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.39	+0.020%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.68	−0.076%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.11	−0.018%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.95	−0.039%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.308%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.43	+0.026%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0248%	1h	741.33	+0.012%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	741.29	+0.007%	$69.1M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.14	+0.121%	$521K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0560%	4h	741.14	−0.013%	$62K	$335K	10x	as long as short