META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h −0.006%

Price spread now: Nado against Coinbase International+0.030%7-day average +0.078% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.030%, 7d avg +0.078%

Together, before fees−0.198%+ Points / potential airdropNado: Active · farm board−$20 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 Nado is 0.048% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.078%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	741.90	0.0104	pay 0.0013% / 1h	24m 12s	$625K	$7.2M	10x
Short	Nado META-PERP	742.12	−0.0019	pay 0.0002% / 1h	24m 12s	$480K	$553K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.030%Rate

Funding earned: −$25.93
Price spread: +0.030% → +0.078%: −$4.8
Slippage, 4 orders: −$14.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$62.34
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Nado: live order book, 34 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	0.07 bp	9.7 bp −$10	12.2 bp −$122	doesn't fit	doesn't fit
Sell Nado live order book, 34 min ago	0.47 bp	4.0 bp −$4	12.0 bp −$120	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	742.33	+0.058%	$329K	$1.1M	20x	as long as short
Nado META-PERPshort	−0.0019%	1h	742.12	+0.030%	$480K	$553K	20x
Aster METAUSDT	0.0000%	8h	742.38	+0.065%	$468K	$552K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.24	+0.046%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.54	+0.086%	$27.6M	$180.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.33	+0.058%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.46	+0.075%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.96	+0.008%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.43	+0.071%	$5.3M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.05	+0.020%	$2.4M	$3.1M	—	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	741.87	−0.004%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.32	+0.057%	$992	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.96	+0.008%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.34	+0.059%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.52	+0.084%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.82	+0.124%	$770K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.38	+0.065%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.77	−0.018%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.64	+0.100%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.32	+0.057%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.08	+0.024%	$584K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.51	+0.082%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.67	−0.031%	$764K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	742.26	+0.048%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	742.50	+0.080%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.44	+0.073%	$1.6M	$547K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.10	−0.108%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.49	+0.080%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.34	+0.059%	$267	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0104%	1h	741.90	long leg	$625K	$7.2M	10x
Hotstuff META-PERP	+0.0168%	1h	742.49	+0.080%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.60	−0.040%	$171K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	742.73	+0.112%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0292%	1h	742.57	+0.090%	$69.6M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	742.78	+0.119%	$678K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0626%	4h	741.97	+0.010%	$62K	$336K	10x	as long as short