META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.005%

Price spread now: KuCoin against Bybit+0.018%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$970.967% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.030%+$3 · spread now +0.018%, 7d avg −0.045%

Together, before fees+0.215%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.062% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	741.38	0	get 0.0000% / 8h	19m 55s	$7.5M	$14.0M	100x
Short	KuCoin METAUSDTM	741.51	0.0100	get 0.0100% / 8h	19m 55s	$1.6M	$394K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.018%Rate

Funding earned: $21
Price spread: +0.018% → −0.045%: $6.24
Slippage, 4 orders: −$73.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$69.41
Costs to cover: 0.967%
Break-even: 30.1 days

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 1 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	0.07 bp	9.4 bp −$9	16.8 bp −$168	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	3.44 bp	38.8 bp −$39	doesn't fit	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-USDT	−0.0120%	8h	741.47	+0.012%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0014%	1h	740.89	−0.066%	$389K	$330K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.88	+0.067%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.44	+0.008%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.58	+0.026%	$27.3M	$179.9M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	741.38	long leg	$7.5M	$14.0M	100x
OKX META-USDT-SWAP	0.0000%	8h	741.39	+0.001%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.96	−0.057%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.48	+0.013%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.39	+0.002%	$2.3M	$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	741.64	+0.035%	$13K	$481K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.28	−0.013%	$872	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.29	−0.012%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.63	+0.034%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.36	−0.003%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.60	+0.030%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.04	−0.046%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.45	+0.009%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.46	+0.011%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.43	+0.007%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.45	+0.009%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.81	−0.077%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	741.14	−0.032%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	742.05	+0.090%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.37	−0.001%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	741.51	+0.018%	$1.6M	$394K	20x
ApeX Omni METAUSDT	+0.0100%	1h	741.27	−0.015%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.40	+0.003%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.39	+0.001%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.50	+0.016%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0160%	1h	741.37	−0.001%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.72	+0.316%	$169K	$46K	30x	as long as short
Lighter META	+0.0224%	1h	741.62	+0.032%	$856K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0259%	1h	741.43	+0.007%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0425%	1h	741.32	−0.008%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0716%	4h	741.42	+0.006%	$62K	$332K	10x	as long as short