META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h +0.055%

Price spread now: Arcus against Coinbase International−0.008%7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.211%+$21 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.008%, 7d avg +0.079%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Arcus is 0.087% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.079%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.211%, 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	739.75	0.0144	pay 0.0018% / 1h	8m 13s	$613K	$7.3M	10x
Short	Arcus META-USD	739.69	0.0063	get 0.0008% / 1h	8m 13s	$110K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$17.04
Price spread: −0.008% → +0.079%: −$8.74
Slippage, 4 orders: −$11.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$51.46
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Arcus: live order book, 65 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, 6 min ago	1.89 bp	7.6 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Arcus live order book, 65 min ago	1.75 bp	7.2 bp −$7	7.8 bp −$78	16.4 bp −$1,644	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	740.10	+0.047%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0081%	1h	739.79	+0.005%	$451K	$464K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.92	+0.022%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.03	+0.038%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.27	+0.071%	$27.4M	$179.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.47	+0.097%	$7.6M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.01	+0.035%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.04	+0.039%	$349K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.19	+0.059%	$5.6M	$11.2M	100x	as long as short
Variational Omni META	0.0000%	8h	739.81	+0.008%	$2.4M	$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	740.32	+0.077%	$12K	$459K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.45	+0.095%	$914	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.83	+0.011%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.89	+0.019%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.09	+0.046%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.35	+0.081%	$752K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.37	+0.084%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.19	+0.059%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.98	+0.031%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.12	+0.050%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.69	−0.008%	$666K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.96	+0.028%	$2.2M	$14.2M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	739.97	+0.030%	—	—	5x	as long as short
Arcus META-USDshort	+0.0063%	1h	739.69	−0.008%	$110K	$331K	10x
Aftermath Perps METAUSD	+0.0069%	1h	740.49	+0.100%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0072%	1h	740.10	+0.047%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.18	+0.058%	$1.6M	$450K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.42	−0.045%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.09	+0.046%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.88	+0.018%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0144%	1h	739.75	long leg	$613K	$7.3M	10x
tradeXYZ xyz:META	+0.0164%	1h	740.22	+0.064%	$67.8M	$121.0M	20x	as long as short
Lighter META	+0.0200%	1h	740.29	+0.073%	$852K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.301%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.42	+0.091%	$321K	$930K	20x	as long as short
edgeX METAUSDC	+0.0434%	4h	739.92	+0.023%	$62K	$334K	10x	as long as short