META

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.045%

Price spread now: Arcus against Deribit−0.063%7-day average +0.033% · 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−$37as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.110%+$11 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now −0.063%, 7d avg +0.033%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.097% cheaper against Deribit than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.033%). If the spread goes back, that is −$10 on $10k: about 8.0 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.110% in total) that is about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	740.59	0	get 0.0000% / 1h	22m 22s	$30K	$256K	10x
Short	Arcus META-USD	740.12	0.0040	get 0.0005% / 1h	22m 22s	$263K	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.063%Rate

Funding earned: $8.46
Price spread: −0.063% → +0.033%: −$9.66
Slippage, 4 orders: −$15.42
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$28.13
Costs to cover: 0.269%
Break-even: 30.3 days

Slippage from Deribit: live order book, 1 min ago; Arcus: live order book, 1 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, 1 min ago	0.07 bp	3.6 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Arcus live order book, 1 min ago	3.58 bp	5.8 bp −$6	9.9 bp −$99	21.1 bp −$2,106	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
Nado META-PERP	−0.0121%	1h	740.29	−0.041%	$398K	$316K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.39	−0.027%	$329K	$1.1M	20x	as long as short
Hotstuff META-PERP	−0.0104%	1h	740.51	−0.011%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.80	+0.028%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.31	−0.037%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.37	−0.029%	$26.8M	$177.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.32	−0.036%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.42	−0.023%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.91	−0.092%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.32	−0.036%	$5.7M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.36	−0.031%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.29	−0.041%	$12K	$529K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.88	+0.039%	$860	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	740.59	long leg	$30K	$256K	10x
HTX META-USDT	0.0000%	8h	740.17	−0.057%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.31	−0.038%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.24	−0.047%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.58	−0.001%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.61	+0.003%	$740K	$3.2M	20x	as long as short
Arcus META-USDshort	+0.0040%	1h	740.12	−0.063%	$263K	$313K	10x
Vest META-USD-PERP	+0.0046%	1h	740.86	+0.036%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.34	−0.034%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.55	−0.005%	$68.5M	$120.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.55	−0.005%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.30	−0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.32	−0.036%	$639K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.30	−0.039%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0052%	1h	741.00	+0.055%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.045%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.34	−0.034%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.37	−0.030%	$1.6M	$352K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.35	−0.032%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.43	−0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.33	−0.036%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0167%	4h	740.30	−0.039%	$62K	$328K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.21	−0.051%	$168K	$46K	30x	as long as short