META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h −0.011%

Price spread now: Coinbase International against Deribit−0.011%7-day average −0.049% · 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−$26as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.134%−$13 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.011%, 7d avg −0.049%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.038% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.049%. Mind the row above: over the last 5 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	739.83	0	get 0.0000% / 1h	6m 22s	$30K	$246K	10x
Short	Coinbase International META-PERP-INTX	739.75	0.0144	get 0.0018% / 1h	6m 22s	$613K	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.011%Rate

Funding earned: $30.24
Price spread: −0.011% → −0.049%: $3.81
Slippage, 4 orders: −$12.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.59
Costs to cover: 0.295%
Break-even: 5.9 days

Slippage from Deribit: live order book, 2 min ago; Coinbase International: 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 Deribit live order book, 2 min ago	0.07 bp	10.5 bp −$11	12.4 bp −$124	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.76 bp	7.8 bp −$8	10.4 bp −$104	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	740.40	+0.077%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0084%	1h	740.55	+0.097%	$484K	$484K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.31	+0.064%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.49	+0.089%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.81	+0.133%	$27.4M	$179.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.13	+0.176%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.74	+0.123%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.69	+0.116%	$350K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	+0.080%	$5.6M	$11.2M	100x	as long as short
Variational Omni META	0.0000%	8h	739.81	−0.003%	$2.4M	$3.3M	—	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	740.13	+0.041%	$12K	$458K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.48	+0.088%	$843	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	739.83	long leg	$30K	$246K	10x
HTX META-USDT	0.0000%	8h	740.18	+0.047%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.17	+0.046%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.01	+0.159%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.80	+0.131%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.78	+0.128%	$176K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.85	+0.138%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.26	+0.058%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.40	+0.077%	$686K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.74	+0.123%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	740.75	+0.125%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	739.84	+0.001%	$110K	$331K	10x	as long as short
Hotstuff META-PERP	+0.0064%	1h	740.42	+0.080%	$33K	$105	20x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.61	+0.106%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.52	+0.093%	$1.6M	$451K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.45	−0.051%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.56	+0.099%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.36	+0.072%	$267	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0144%	1h	739.75	−0.011%	$613K	$7.3M	10x
tradeXYZ xyz:META	+0.0167%	1h	740.98	+0.155%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0200%	1h	740.85	+0.138%	$861K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.291%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.42	+0.080%	$325K	$930K	20x	as long as short
edgeX METAUSDC	+0.0402%	4h	740.01	+0.024%	$62K	$334K	10x	as long as short