META

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Orderly against Bybit+0.032%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.032% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	746.14	0	get 0.0000% / 8h	7h 48m	$7.5M	$15.6M	100x
Short	Orderly PERP_META_USDC_mythos	746.38	0.0100	get 0.0100% / 8h	7h 48m	$1K	$24	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.032%Rate

Funding earned: $21
Price spread: +0.032% → 0.000%: $3.22
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.22
Costs to cover: 0.170%
Break-even: 4.6 days

Slippage unknown: Bybit: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	2.08 bp	9.9 bp −$10	22.5 bp −$225	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 37 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	746.49	+0.047%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	745.96	−0.024%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.85	+0.095%	$484K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.25	+0.015%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.27	+0.017%	$25.7M	$191.1M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	746.14	long leg	$7.5M	$15.6M	100x
OKX META-USDT-SWAP	0.0000%	8h	745.98	−0.021%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.13	−0.001%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.27	+0.017%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.52	+0.051%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.97	−0.022%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.63	+0.066%	$950	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.25	+0.015%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.21	+0.009%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.58	+0.059%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.89	+0.101%	$796K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	746.22	+0.011%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.95	−0.025%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.41	+0.036%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.15	+0.001%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.69	−0.060%	$567K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.23	+0.012%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.70	−0.059%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	746.52	+0.051%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.55	+0.055%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	746.33	+0.025%	$636	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.37	+0.031%	$1.6M	$747K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.75	−0.052%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythosshort	+0.0100%	8h	746.38	+0.032%	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	746.21	+0.010%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	746.12	−0.003%	$647K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.260%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	747.11	+0.130%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0279%	1h	746.41	+0.036%	$84.5M	$132.5M	20x	as long as short
Hotstuff META-PERP	+0.0384%	1h	746.12	−0.003%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0572%	4h	746.25	+0.015%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.41	+0.036%	$797K	$1.5M	20x	as long as short