META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.016%

Price spread now: GRVT against BloFin+0.011%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on BloFin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.011%, 7d avg −0.015%

Together, before fees+0.002%+ Points / potential airdropGRVT: Active · farm board$0 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 GRVT is 0.026% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	741.25	−0.0120	get 0.0120% / 8h	1h 20m	$328K	$1.1M	20x
Short	GRVT META_USDT_Perp	741.33	0	get 0.0000% / 8h	1h 20m	$12K	$504K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.011%Rate

Funding earned: $25.2
Price spread: +0.011% → −0.015%: $2.57
Slippage, 4 orders: −$9.45
Fee BloFin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2.69
Costs to cover: 0.305%
Break-even: 7.7 days

Slippage from BloFin: live order book, 1 min ago; GRVT: live order book, 62 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, 1 min ago	0.07 bp	8.3 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell GRVT live order book, 62 min ago	0.94 bp	9.2 bp −$9	16.0 bp −$160	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	741.25	long leg	$328K	$1.1M	20x
Nado META-PERP	−0.0078%	1h	741.08	−0.023%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.069%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.16	−0.013%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.26	+0.001%	$26.9M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.34	+0.012%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.30	+0.007%	$6.0M	$13.2M	20x	as long as short
Hotstuff META-PERP	0.0000%	1h	741.32	+0.009%	$33K	$105	20x	as long as short
Gate META_USDT	0.0000%	8h	740.90	−0.047%	$343K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.27	+0.003%	$5.8M	$11.0M	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	741.24	−0.001%	$1.6M	$2.6M	—	as long as short
GRVT META_USDT_Perpshort	0.0000%	8h	741.33	+0.011%	$12K	$504K	10x
SunX META-USDT	0.0000%	8h	741.45	+0.027%	$965	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.05	−0.027%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.30	+0.007%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.18	−0.009%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.60	+0.047%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.99	−0.035%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.74	+0.066%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.34	+0.012%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.40	+0.020%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.23	−0.003%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.29	+0.005%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.20	−0.007%	$648K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	742.00	+0.101%	$50K	$66K	10x	as long as short
Lighter META	+0.0056%	1h	741.56	+0.042%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.046%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.24	−0.001%	$291K	$791K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0074%	1h	741.41	+0.022%	$30K	$256K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.17	−0.011%	$1.6M	$365K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.97	−0.038%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.34	+0.012%	$1K	$24	10x	as long as short
tradeXYZ xyz:META	+0.0103%	1h	741.33	+0.011%	$68.6M	$120.9M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	741.25	0.000%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.35	+0.283%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0878%	4h	741.29	+0.006%	$62K	$330K	10x	as long as short