META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.054%

Price spread now: Injective against Deribit+0.083%7-day average +0.348% · 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−$91as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.297%+$30 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.083%, 7d avg +0.348%

Together, before fees+0.308%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.265% cheaper against Deribit than usual: you would sell low and buy high (spread +0.083% now, against its 7-day average of +0.348%). If the spread goes back, that is −$26 on $10k: about 4.0 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	746.42	0	get 0.0000% / 1h	0m 26s	$31K	$255K	10x
Short	Injective META/USDC PERP	747.04	0.0220	get 0.0028% / 1h	0m 26s	$172K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.083%Rate

Funding earned: $46.2
Price spread: +0.083% → +0.348%: −$26.47
Slippage, 4 orders: −$57.04
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$44.33
Costs to cover: 0.641%
Break-even: 13.7 days

Slippage from Deribit: live order book, 53 min ago; Injective: live order book, 53 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, 53 min ago	0.07 bp	9.0 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit
Sell Injective live order book, 53 min ago	17.58 bp	33.9 bp −$34	doesn't fit	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	747.06	+0.086%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.36	+0.126%	$492K	$578K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.70	+0.038%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.70	+0.038%	$28.5M	$182.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.74	+0.043%	$7.5M	$14.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.86	+0.059%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.64	+0.029%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	746.94	+0.070%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.40	+0.131%	$12K	$448K	10x	as long as short
SunX META-USDT	0.0000%	8h	747.02	+0.080%	$908	$8.7M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUALlong	0.0000%	1h	746.42	long leg	$31K	$255K	10x
HTX META-USDT	0.0000%	8h	746.70	+0.038%	$107K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	748.06	+0.220%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0001%	1h	746.24	−0.024%	$482K	$556K	20x	as long as short
Lighter RH META	+0.0032%	1h	746.94	+0.070%	$769K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.87	+0.060%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.03	+0.082%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.38	−0.005%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.99	+0.076%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.24	−0.024%	$779K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.84	+0.056%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	746.61	+0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	747.72	+0.174%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.96	+0.072%	$1.6M	$626K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.74	+0.043%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.96	+0.072%	$1K	$24	10x	as long as short
Popdex METAUSDT	+0.0104%	1h	746.77	+0.047%	$180K	$199K	20x	as long as short
Aevo META-PERP	+0.0104%	1h	746.80	+0.051%	$269	—	10x	as long as short
Bitget METAUSDT	+0.0109%	8h	746.71	+0.039%	$5.5M	$12.0M	100x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.80	+0.051%	$675K	$7.6M	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	747.04	+0.083%	$172K	$48K	30x
Hotstuff META-PERP	+0.0272%	1h	747.03	+0.082%	$33K	$105	20x	as long as short
Lighter META	+0.0288%	1h	746.94	+0.070%	$932K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0359%	1h	746.70	+0.038%	$72.2M	$122.2M	20x	as long as short
edgeX METAUSDC	+0.0535%	4h	747.68	+0.169%	$62K	$339K	10x	as long as short
Phoenix META	+0.0633%	1h	748.62	+0.295%	$799K	$1.4M	20x	as long as short