Funding you earn now, next payment 04:00 UTC−0.0833%/8h= −91.2% APRpaid last 24h −0.067%
Price spread now: Binance against edgeX−0.029%60s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.610%−$61 on $10k
+Price spread, last 2 days (all we have)+0.045%+$4 · spread now −0.029%, 7d avg +0.003%
=Together, before fees−0.565%+ Points / potential airdropedgeX: Active · farm board−$56 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Binance is 0.033% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX METAUSDC | 740.25 | 0.0833 | pay 0.0416% / 4h | 3h 10m | $62K | $336K | 10x |
| Short | Binance METAUSDT | 740.03 | 0 | get 0.0000% / 8h | 7h 10m | $27.4M | $179.7M | 20x |
edgeX METAUSDC
Binance METAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. 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
- −$174.86
- Price spread: −0.029% → +0.003%
- −$3.26
- Slippage, 4 orders
- −$11.6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$208.72
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 63 min ago; Binance: live order book, 3 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 edgeX live order book, 63 min ago | 5.19 bp | 9.8 bp −$10 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.07 bp | 5.2 bp −$5 | 11.4 bp −$114 | 38.8 bp −$3,880 | 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 | 739.91 | −0.045% | $326K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0078% | 1h | 739.77 | −0.064% | $454K | $461K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 739.91 | −0.045% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.88 | −0.050% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDTshort | 0.0000% | 8h | 740.03 | −0.029% | $27.4M | $179.7M | 20x | |
| Bybit METAUSDT | 0.0000% | 8h | 740.27 | +0.003% | $7.6M | $13.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.11 | −0.018% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.73 | −0.070% | $349K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.88 | −0.050% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 739.81 | −0.059% | $2.4M | $3.3M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.32 | +0.009% | $12K | $459K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.37 | +0.017% | $890 | $9.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.51 | −0.100% | $30K | $246K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.74 | −0.068% | $104K | $295K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.59 | +0.046% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.23 | −0.002% | $752K | $3.2M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.29 | +0.006% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.19 | −0.008% | $178K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.91 | −0.045% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.89 | −0.048% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.52 | −0.098% | $666K | $4.4M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.90 | −0.047% | $2.2M | $14.2M | 10x | as long as short |
| Hotstuff META-PERP | +0.0056% | 1h | 739.98 | −0.036% | $33K | $105 | 20x | as long as short |
| Paradex META-USD-PERP | +0.0061% | 8h | 739.92 | −0.044% | — | — | 5x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 739.64 | −0.082% | $110K | $331K | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0069% | 1h | 740.57 | +0.043% | $48K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.07 | −0.024% | $1.6M | $448K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.88 | −0.050% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.93 | −0.043% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.77 | −0.064% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 739.80 | −0.060% | $614K | $7.3M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0161% | 1h | 740.01 | −0.032% | $67.7M | $121.8M | 20x | as long as short |
| Lighter META | +0.0200% | 1h | 740.20 | −0.006% | $852K | $2.5M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 741.98 | +0.234% | $171K | $48K | 30x | as long as short |
| Phoenix META | +0.0259% | 1h | 740.72 | +0.064% | $318K | $930K | 20x | as long as short |
| edgeX METAUSDClong | +0.0833% | 4h | 740.25 | long leg | $62K | $336K | 10x |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Hotstuff META-PERP
Paradex META-USD-PERP
Arcus META-USD
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
tradeXYZ xyz:META
Lighter META
Injective META/USDC PERP
Phoenix META