META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.019%

Price spread now: Popdex against Deribit+0.114%7-day average +0.062% · 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−$19as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Deribit Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.428%−$43 · spread now +0.114%, 7d avg +0.062%

Together, before fees−0.369%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Popdex is 0.052% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	744.04	0.0032	pay 0.0004% / 1h	0m 22s	$36K	$271K	10x
Short	Popdex METAUSDT	744.89	0.0048	get 0.0006% / 1h	0m 22s	$179K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.114%Rate

Funding earned: $3.29
Price spread: +0.114% → +0.062%: $5.23
Slippage, 4 orders: −$10.54
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$15.42
Costs to cover: 0.239%
Break-even: 39.8 days

Slippage from Deribit: live order book, 33 min ago; Popdex: live order book, 33 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, 33 min ago	3.83 bp	7.4 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Popdex live order book, 33 min ago	0.67 bp	4.9 bp −$5	8.2 bp −$82	doesn't fit	doesn't fit

META on 37 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	744.81	+0.103%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.80	+0.102%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.61	+0.077%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.27	+0.165%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.59	+0.208%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.67	+0.219%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.87	+0.112%	$447K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.22	+0.159%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.66	+0.083%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.10	+0.142%	$12K	$437K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.81	+0.103%	$1K	$7.6M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.35	+0.042%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.84	+0.108%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0011%	1h	744.31	+0.036%	$478K	$559K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.85	+0.109%	$798K	$3.0M	20x	as long as short
Deribit META_USDC-PERPETUALlong	+0.0032%	1h	744.04	long leg	$36K	$271K	10x
QFEX META-USD	+0.0036%	1h	744.63	+0.079%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.35	+0.042%	$111K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.28	+0.167%	—	$12K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	744.89	+0.114%	$179K	$204K	20x
Polymarket Perps META-USD	+0.0050%	1h	745.01	+0.130%	$567K	$614K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.68	+0.086%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.67	+0.085%	$719K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	744.71	+0.089%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	745.66	+0.218%	$51K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	744.00	−0.005%	$612	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.93	+0.120%	$1.6M	$798K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.32	+0.038%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.37	+0.179%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.39	+0.047%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.09	+0.007%	$640K	$7.9M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	744.79	+0.101%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.099%	$176K	$52K	30x	as long as short
Lighter META	+0.0296%	1h	745.03	+0.133%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0305%	1h	745.44	+0.188%	$86.2M	$134.6M	20x	as long as short
edgeX METAUSDC	+0.0510%	4h	745.00	+0.129%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	745.86	+0.245%	$796K	$1.5M	20x	as long as short