META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h +0.014%

Price spread now: Deribit against Coinbase International−0.038%7-day average +0.049% · 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−$46as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.136%+$14 on $10k

Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.038%, 7d avg +0.049%

Together, before fees+0.213%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit 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 +0.049%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.136%, 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	740.52	0.0144	pay 0.0018% / 1h	57m 03s	$608K	$7.4M	10x
Short	Deribit META_USDC-PERPETUAL	740.24	0	get 0.0000% / 1h	57m 03s	$30K	$255K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$30.24
Price spread: −0.038% → +0.049%: −$8.69
Slippage, 4 orders: −$20.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$76.27
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Deribit: live order book, 16 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, 2 min ago	5.40 bp	10.5 bp −$11	14.9 bp −$149	doesn't fit	doesn't fit
Sell Deribit live order book, 16 min ago	4.72 bp	8.2 bp −$8	12.4 bp −$124	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	740.72	+0.027%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0018%	1h	740.53	+0.001%	$384K	$332K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.95	+0.058%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.51	−0.001%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.65	+0.018%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.55	+0.004%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.72	+0.027%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.33	−0.026%	$354K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.61	+0.012%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.83	+0.043%	$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	741.01	+0.066%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.75	+0.031%	$696	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	740.24	−0.038%	$30K	$255K	10x
HTX META-USDT	0.0000%	8h	740.52	0.000%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	+0.054%	$2.0M	$7K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.75	+0.031%	$760K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.10	+0.078%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.85	+0.045%	$178K	$194K	20x	as long as short
SoDEX META-USD	+0.0050%	1h	740.51	−0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.11	−0.055%	$757K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.97	+0.061%	$2.2M	$14.3M	10x	as long as short
Arcus META-USD	+0.0063%	1h	740.60	+0.011%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	741.17	+0.087%	$51K	$76K	10x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	740.96	+0.059%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.86	+0.046%	$1.6M	$409K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.44	−0.011%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.74	+0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.26	−0.035%	$266	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.01	+0.066%	$291K	$797K	20x	as long as short
Coinbase International META-PERP-INTXlong	+0.0144%	1h	740.52	long leg	$608K	$7.4M	10x
Polymarket Perps META-USD	+0.0158%	1h	740.62	+0.014%	$558K	$857K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.028%	$168K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0272%	1h	740.72	+0.027%	$33K	$105	20x	as long as short
Lighter META	+0.0296%	1h	740.83	+0.042%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0337%	1h	740.44	−0.011%	$67.7M	$122.9M	20x	as long as short
edgeX METAUSDC	+0.0910%	4h	740.71	+0.026%	$62K	$335K	10x	as long as short