META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.003%

Price spread now: Ondo Perps against Deribit+0.032%7-day average −0.028% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.032%, 7d avg −0.028%

Together, before fees−0.076%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.061% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	739.75	0	get 0.0000% / 1h	59m 56s	$31K	$244K	10x
Short	Ondo Perps META-USD.P	739.99	0.0050	get 0.0006% / 1h	59m 56s	$697K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now +0.032%Rate

Funding earned: $10.58
Price spread: +0.032% → −0.028%: $6.05
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $4.63
Costs to cover: 0.120%
Break-even: 3.9 days

Slippage unknown: Deribit: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 4 min ago	0.07 bp	10.1 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 35 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	−0.0112%	1h	740.17	+0.057%	$478K	$548K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.53	+0.106%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.40	+0.088%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.53	+0.106%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.57	+0.111%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.60	+0.115%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.05	+0.041%	$355K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.48	+0.099%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.45	+0.094%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.44	+0.093%	$12K	$431K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.39	+0.087%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	739.75	long leg	$31K	$244K	10x
HTX META-USDT	0.0000%	8h	740.31	+0.076%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.49	+0.100%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.43	+0.092%	$2.1M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.43	+0.092%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.04	+0.039%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.65	+0.122%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.59	+0.114%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.36	+0.082%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.34	+0.080%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	739.99	+0.032%	$697K	$4.2M	10x
Paradex META-USD-PERP	+0.0054%	8h	740.39	+0.087%	—	—	5x	as long as short
edgeX METAUSDC	+0.0060%	4h	740.31	+0.075%	$62K	$336K	10x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.91	+0.157%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.45	+0.095%	$1.6M	$498K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.82	+0.009%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.37	+0.084%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.15	+0.054%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.123%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.62	+0.118%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.53	+0.105%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.35	+0.351%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0242%	1h	740.37	+0.084%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.07	+0.178%	$469K	$1.1M	20x	as long as short