META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.017%

Price spread now: Extended against Coinbase International−0.040%7-day average +0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.279%−$28 · spread now −0.040%, 7d avg +0.078%

Together, before fees−0.061%+ Points / potential airdropExtended: Active · farm board−$6 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 Extended is 0.118% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.078%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.218%, 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	746.12	0.0120	pay 0.0015% / 1h	50m 24s	$647K	$8.1M	10x
Short	Extended META_24_5-USD	745.82	0	get 0.0000% / 1h	50m 24s	$547K	$3.4M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$25.2
Price spread: −0.040% → +0.078%: −$11.82
Slippage, 4 orders: −$13.21
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.24
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Extended: live order book, 3 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, 4 min ago	3.28 bp	8.6 bp −$9	12.7 bp −$127	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.40 bp	5.4 bp −$5	37.3 bp −$373	doesn't fit	doesn't fit

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	746.56	+0.059%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0041%	1h	745.59	−0.072%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.27	+0.021%	$483K	$597K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	745.82	−0.040%	$547K	$3.4M	17x
Binance METAUSDT	0.0000%	8h	745.93	−0.025%	$25.7M	$190.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.72	−0.054%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.65	−0.063%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.62	−0.067%	$471K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.74	−0.051%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.52	+0.054%	$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	−0.019%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.77	+0.087%	$868	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.44	+0.043%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.27	+0.020%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.53	+0.055%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.98	−0.019%	$795K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	745.81	−0.042%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.38	−0.099%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.26	+0.019%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.69	−0.058%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.23	−0.119%	$567K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.52	+0.054%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.42	−0.094%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.64	−0.065%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.49	+0.050%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	745.62	−0.067%	$632	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.20	+0.011%	$1.6M	$746K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.75	−0.050%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.02	−0.013%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.89	−0.030%	$269	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0120%	1h	746.12	long leg	$647K	$8.1M	10x
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.263%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	746.20	+0.011%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0288%	1h	745.76	−0.048%	$84.6M	$132.3M	20x	as long as short
Hotstuff META-PERP	+0.0400%	1h	746.84	+0.096%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0572%	4h	746.25	+0.017%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.41	+0.039%	$797K	$1.5M	20x	as long as short