Funding you earn now, next payment 11:00 UTC−0.0453%/8h= −49.6% APRnext payment −$0.57 per $10,000 · paid last 24h −0.005%
Price spread now: Nado against Deribit−0.070%7-day average +0.030% · 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−$44as in the Price arb table
costs, in and out, $10k−$340.336% of the position
Funding, last 4 days (all we have)−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.070%, 7d avg +0.030%
=Together, before fees−0.158%+ Points / potential airdropNado: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Nado is 0.100% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.099% in total (about -9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit META_USDC-PERPETUAL | 740.13 | 0.0575 | pay 0.0072% / 1h | 27m 59s | $36K | $213K | 10x |
| Short | Nado META-PERP | 739.61 | 0.0122 | get 0.0015% / 1h | 27m 59s | $474K | $540K | 20x |
Deribit META_USDC-PERPETUAL
Nado META-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$95.14
- Price spread: −0.070% → +0.030%
- −$10.02
- Slippage, 4 orders
- −$19.62
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$138.79
- Costs to cover
- 0.336%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 19 min ago; Nado: live order book, 18 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, 19 min ago | 0.07 bp | 6.6 bp −$7 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Nado live order book, 18 min ago | 0.54 bp | 8.6 bp −$9 | 17.8 bp −$178 | doesn't fit | doesn't fit |
META on 37 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff META-PERP | −0.1600% | 1h | 739.95 | −0.024% | $33K | $105 | 20x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 740.57 | +0.059% | $339K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.81 | +0.092% | $492K | $628K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.03 | −0.013% | $545K | $3.3M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.28 | +0.020% | $25.6M | $192.8M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 739.99 | −0.019% | $7.5M | $16.1M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.19 | +0.008% | $6.0M | $12.9M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.12 | −0.001% | $462K | $6.3M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.23 | +0.014% | $5.7M | $12.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.19 | +0.008% | $2.5M | $3.0M | — | as long as short |
Hotstuff META-PERP
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.39 | +0.035% | $12K | $432K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.20 | +0.009% | $569 | $7.2M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.10 | −0.004% | $106K | $307K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.43 | +0.041% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.39 | +0.035% | $871K | $2.8M | 20x | as long as short |
| QFEX META-USD | +0.0038% | 1h | 740.16 | +0.004% | $2.1M | $13.9M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 740.02 | −0.015% | $111K | $290K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.15 | +0.003% | — | $11K | 25x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.87 | −0.035% | $558K | $612K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.13 | 0.000% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.64 | −0.066% | $744K | $5.0M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0060% | 8h | 739.94 | −0.026% | — | — | 5x | as long as short |
| Coinbase International META-PERP-INTX | +0.0064% | 1h | 739.65 | −0.065% | $649K | $7.5M | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0075% | 1h | 740.88 | +0.101% | $53K | $86K | 10x | as long as short |
| Pacifica META | +0.0100% | 1h | 739.49 | −0.087% | $614 | $3K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.11 | −0.003% | $1.6M | $899K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.53 | −0.081% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.11 | −0.003% | $1K | $94 | 10x | as long as short |
| Popdex METAUSDT | +0.0104% | 1h | 740.25 | +0.016% | $178K | $198K | 20x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.94 | −0.026% | $266 | — | 10x | as long as short |
| Nado META-PERPshort | +0.0122% | 1h | 739.61 | −0.070% | $474K | $540K | 20x | |
| Injective META/USDC PERP | +0.0220% | 1h | 741.63 | +0.203% | $167K | $61K | 30x | as long as short |
| tradeXYZ xyz:META | +0.0327% | 1h | 740.18 | +0.007% | $86.8M | $136.1M | 20x | as long as short |
| Lighter META | +0.0344% | 1h | 740.33 | +0.027% | $1.2M | $2.7M | 20x | as long as short |
| edgeX METAUSDC | +0.0489% | 4h | 740.17 | +0.005% | $62K | $350K | 10x | as long as short |
| Deribit META_USDC-PERPETUALlong | +0.0575% | 1h | 740.13 | long leg | $36K | $213K | 10x | |
| Phoenix META | +0.0613% | 1h | 741.63 | +0.203% | $792K | $1.5M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
Lighter RH META
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Coinbase International META-PERP-INTX
Aftermath Perps METAUSD
Pacifica META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Popdex METAUSDT
Aevo META-PERP
Injective META/USDC PERP
tradeXYZ xyz:META
Lighter META
edgeX METAUSDC
Phoenix META