META

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h +0.135%

Price spread now: Extended against Deribit−0.022%7-day average +0.034% · 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−$32as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Deribit Short on Extended

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 3 days (all we have)−0.104%−$10 · spread now −0.022%, 7d avg +0.034%

Together, before fees+0.026%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.056% cheaper against Deribit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	741.15	0.0006	pay 0.0001% / 1h	29m 45s	$30K	$256K	10x
Short	Extended META_24_5-USD	740.99	0	get 0.0000% / 1h	29m 45s	$548K	$1.5M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$1.35
Price spread: −0.022% → +0.034%: −$5.57
Slippage, 4 orders: −$14.19
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.11
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Deribit: live order book, 54 min ago; Extended: live order book, 4 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, 54 min ago	0.07 bp	3.6 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.54 bp	5.5 bp −$6	29.6 bp −$296	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	740.85	−0.040%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0081%	1h	740.95	−0.027%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.63	+0.065%	$458K	$536K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	740.99	−0.022%	$548K	$1.5M	17x
Binance METAUSDT	0.0000%	8h	741.21	+0.008%	$26.9M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.31	+0.022%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.20	+0.007%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.64	−0.069%	$329K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.28	+0.018%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.62	−0.071%	$1.6M	$2.6M	—	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	740.39	−0.103%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.25	+0.013%	$957	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.67	−0.065%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.02	−0.018%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.82	−0.045%	$2.2M	$14.3M	10x	as long as short
Deribit META_USDC-PERPETUALlong	+0.0006%	1h	741.15	long leg	$30K	$256K	10x
Lighter RH META	+0.0032%	1h	741.35	+0.027%	$744K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.51	−0.086%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.47	+0.043%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.01	−0.019%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.05	−0.013%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.88	−0.036%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.85	−0.040%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.40	−0.101%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	741.16	+0.002%	$49K	$63K	10x	as long as short
Lighter META	+0.0064%	1h	741.34	+0.026%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.032%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	740.67	−0.065%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0099%	1h	741.41	+0.035%	$68.4M	$120.7M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.06	−0.012%	$1.6M	$363K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.52	−0.085%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.00	−0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.88	−0.036%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	741.07	−0.011%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.077%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0246%	4h	740.42	−0.099%	$62K	$331K	10x	as long as short