META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h +0.021%

Price spread now: ApeX Omni against Coinbase International−0.007%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$730.730% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.274%+$27 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.007%, 7d avg +0.063%

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.070% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.274%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	738.49	0.0144	pay 0.0018% / 1h	34m 26s	$604K	$7.3M	10x
Short	ApeX Omni METAUSDT	738.44	0.0100	get 0.0013% / 1h	34m 26s	$165K	$72K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.007%Rate

Funding earned: −$9.24
Price spread: −0.007% → +0.063%: −$7
Slippage, 4 orders: −$52.97
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$89.21
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; ApeX Omni: live order book, 36 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 Coinbase International live order book, 5 min ago	1.90 bp	6.9 bp −$7	11.3 bp −$113	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 36 min ago	2.63 bp	39.9 bp −$40	658.5 bp −$6,585	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
Phemex METAUSDT	−0.0154%	4h	738.98	+0.066%	$2.0M	$8K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	738.83	+0.046%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	738.79	+0.040%	$465K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	738.72	+0.032%	$549K	$2.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.92	+0.059%	$27.3M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.94	+0.061%	$7.6M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	738.79	+0.041%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.48	−0.001%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.77	+0.038%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	738.79	+0.041%	$2.3M	$3.3M	—	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	738.15	−0.045%	$12K	$479K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.09	+0.081%	$616	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	738.58	+0.012%	$30K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	738.60	+0.015%	$106K	$292K	30x	as long as short
Nado META-PERP	+0.0025%	1h	738.45	−0.005%	$372K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.08	+0.080%	$756K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.05	+0.076%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	738.96	+0.064%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	738.80	+0.042%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	738.78	+0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.16	−0.045%	$692K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	738.98	+0.066%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.32	−0.023%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	738.69	+0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.42	+0.126%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	738.96	+0.064%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.87	+0.051%	$1.6M	$426K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	738.44	−0.007%	$165K	$72K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.86	+0.050%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	738.64	+0.021%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0144%	1h	738.49	long leg	$604K	$7.3M	10x
tradeXYZ xyz:META	+0.0174%	1h	738.97	+0.065%	$67.4M	$121.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.07	+0.214%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	738.15	−0.046%	$277K	$930K	20x	as long as short
Lighter META	+0.0272%	1h	739.09	+0.081%	$850K	$2.5M	20x	as long as short
edgeX METAUSDC	+0.0801%	4h	737.90	−0.080%	$62K	$333K	10x	as long as short