META

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: ApeX Omni against Deribit−0.031%46s7-day average +0.014% · 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—prices read too far apart to compare

costs, in and out, $10k−$610.613% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.129%+$13 on $10k

Price spread, last 4 days (all we have)−0.447%−$45 · spread now −0.031%, 7d avg +0.014%

Together, before fees−0.318%−$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.045% cheaper against Deribit than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.014%). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$3 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	745.14	0	get 0.0000% / 1h	55m 33s	$36K	$269K	10x
Short	ApeX Omni METAUSDT	744.91	0.0100	get 0.0013% / 1h	55m 33s	$167K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.031%Rate

Funding earned: $21
Price spread: −0.031% → +0.014%: −$4.51
Slippage, 4 orders: −$44.3
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$44.81
Costs to cover: 0.613%
Break-even: 21.9 days

Slippage from Deribit: live order book, 38 min ago; ApeX Omni: live order book, 35 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 Deribit live order book, 38 min ago	3.83 bp	7.4 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 min ago	2.62 bp	17.1 bp −$17	531.1 bp −$5,311	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	745.62	+0.064%	$335K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.92	−0.030%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.98	−0.022%	$546K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.16	+0.003%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.45	+0.042%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.48	−0.089%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.87	−0.036%	$448K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.78	−0.048%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.38	+0.032%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.62	+0.064%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.66	+0.070%	$720	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	745.14	long leg	$36K	$269K	10x
HTX META-USDT	0.0000%	8h	745.32	+0.024%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.45	+0.042%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.38	+0.032%	$813K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.83	−0.042%	$111K	$315K	10x	as long as short
QFEX META-USD	+0.0041%	1h	745.04	−0.013%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.90	−0.032%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.16	+0.003%	$179K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.83	−0.042%	$566K	$609K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.46	+0.043%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.75	−0.052%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	744.99	−0.020%	—	—	5x	as long as short
Nado META-PERP	+0.0076%	1h	744.05	−0.146%	$478K	$559K	20x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	745.92	+0.104%	$51K	$91K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.92	−0.030%	$641K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	745.35	+0.029%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.35	+0.028%	$1.6M	$803K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	744.91	−0.031%	$167K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.060%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.40	+0.035%	$268	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.160%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0280%	1h	745.33	+0.025%	$33K	$105	20x	as long as short
Lighter META	+0.0288%	1h	745.52	+0.051%	$1.2M	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0343%	1h	745.37	+0.031%	$86.4M	$134.8M	20x	as long as short
edgeX METAUSDC	+0.0473%	4h	745.31	+0.023%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.65	+0.203%	$797K	$1.5M	20x	as long as short