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 −0.040%

Price spread now: BloFin against Bybit+0.001%62s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as 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−$320.323% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 on $10k

Price spread, last 3 days (all we have)+0.125%+$13 · spread now +0.001%, 7d avg +0.015%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 62 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	Bybit METAUSDT	741.24	0	get 0.0000% / 8h	1h 20m	$7.5M	$13.9M	100x
Short	BloFin META-USDT	741.25	−0.0120	pay 0.0120% / 8h	1h 20m	$328K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$25.2
Price spread: +0.001% → +0.015%: −$1.39
Slippage, 4 orders: −$9.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$58.87
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BloFin: 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 Bybit live order book, 3 min ago	1.35 bp	7.9 bp −$8	17.5 bp −$175	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.07 bp	6.6 bp −$7	10.0 bp −$100	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-USDTshort	−0.0120%	8h	741.25	+0.001%	$328K	$1.1M	20x
Nado META-PERP	−0.0079%	1h	741.24	+0.001%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.070%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.07	−0.023%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.20	−0.006%	$26.9M	$178.0M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	741.24	long leg	$7.5M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	741.09	−0.020%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.90	−0.046%	$343K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.21	−0.004%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	741.31	+0.010%	$1.6M	$2.6M	—	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	741.33	+0.012%	$12K	$504K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.23	−0.001%	$695	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.19	−0.007%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.07	−0.023%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.26	+0.003%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.18	−0.008%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.53	+0.039%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.96	−0.038%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.68	+0.059%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.26	+0.003%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.33	+0.012%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.21	−0.004%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.21	−0.004%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.12	−0.016%	$648K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	741.95	+0.096%	$50K	$66K	10x	as long as short
Lighter META	+0.0064%	1h	741.50	+0.035%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.045%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.24	0.000%	$291K	$791K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.16	−0.011%	$1.6M	$365K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.97	−0.036%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.34	+0.013%	$1K	$24	10x	as long as short
tradeXYZ xyz:META	+0.0102%	1h	741.33	+0.012%	$68.6M	$120.9M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	741.11	−0.017%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0144%	1h	741.33	+0.012%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.35	+0.285%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0878%	4h	741.29	+0.007%	$62K	$330K	10x	as long as short