META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.004%

Price spread now: QFEX against Coinbase International+0.038%7-day average +0.105% · 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−$38as in the Price arb table

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

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.038%, 7d avg +0.105%

Together, before fees−0.063%−$6 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 QFEX is 0.067% 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 +0.105%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.089%, 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	742.02	0.0104	pay 0.0013% / 1h	40m 47s	$614K	$7.2M	10x
Short	QFEX META-USD	742.30	0.0036	get 0.0005% / 1h	40m 47s	$2.1M	$13.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$14.25
Price spread: +0.038% → +0.105%: −$6.71
Slippage, 4 orders: −$11.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$52.54
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; QFEX: live order book, 8 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, 3 min ago	2.96 bp	8.0 bp −$8	10.6 bp −$106	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	2.15 bp	7.2 bp −$7	7.2 bp −$72	18.8 bp −$1,876	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	742.47	+0.061%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0046%	1h	742.05	+0.004%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.38	+0.048%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.30	+0.038%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.58	+0.075%	$27.5M	$180.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.39	+0.050%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.56	+0.073%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.06	+0.005%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.49	+0.063%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.48	+0.062%	$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	742.33	+0.042%	$12K	$436K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.76	+0.100%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.92	−0.013%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.37	+0.047%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	+0.044%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.56	+0.073%	$765K	$3.0M	20x	as long as short
QFEX META-USDshort	+0.0036%	1h	742.30	+0.038%	$2.1M	$13.7M	10x
Arcus META-USD	+0.0040%	1h	742.07	+0.007%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.53	+0.069%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.54	+0.070%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.30	+0.038%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.51	+0.066%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.81	−0.028%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.27	+0.034%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	743.15	+0.152%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.57	+0.074%	$1.6M	$536K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.34	−0.092%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.54	+0.070%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.41	+0.052%	$267	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0104%	1h	742.02	long leg	$614K	$7.2M	10x
Hotstuff META-PERP	+0.0136%	1h	742.49	+0.063%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.330%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.51	+0.066%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0264%	1h	742.50	+0.065%	$69.4M	$120.4M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	+0.048%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.179%	$643K	$1.2M	20x	as long as short