META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0401%/8h= −43.9% APRnext payment −$2.01 per $10,000 · paid last 24h −0.097%

Price spread now: Phemex against edgeX−0.007%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1121.119% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.505%−$50 on $10k

Price spread, last 3 days (all we have)+0.234%+$23 · spread now −0.007%, 7d avg +0.037%

Together, before fees−0.271%+ Points / potential airdropedgeX: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.044% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	740.46	0.0401	pay 0.0201% / 4h	2h 06m	$62K	$329K	10x
Short	Phemex METAUSDT	740.41	0	get 0.0000% / 4h	2h 06m	$2.0M	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$84.21
Price spread: −0.007% → +0.037%: −$4.39
Slippage, 4 orders: −$90.93
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$200.52
Costs to cover: 1.119%
Break-even: never at this rate

Slippage from edgeX: live order book, 16 min ago; Phemex: live order book, 1 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, 16 min ago	5.13 bp	9.7 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.16 bp	46.9 bp −$47	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	740.46	0.000%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0106%	1h	740.37	−0.012%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0048%	1h	740.73	+0.036%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.96	+0.067%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.33	−0.019%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.43	−0.005%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.42	−0.006%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.47	+0.001%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.14	−0.044%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.41	−0.007%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.48	+0.003%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.42	−0.006%	$12K	$521K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.87	+0.055%	$826	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.58	+0.016%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.12	−0.046%	$105K	$283K	30x	as long as short
Phemex METAUSDTshort	0.0000%	4h	740.41	−0.007%	$2.0M	$8K	10x
QFEX META-USD	+0.0012%	1h	740.49	+0.004%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.74	+0.037%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.76	+0.040%	$748K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.24	−0.030%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.93	+0.063%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.38	−0.011%	$177K	$201K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.77	+0.041%	$68.5M	$120.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.59	+0.017%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.28	−0.025%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.32	−0.019%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.26	−0.027%	$641K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.02	+0.075%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.027%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.59	+0.017%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.39	−0.010%	$1.6M	$354K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.15	−0.042%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.42	−0.006%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.35	−0.015%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.25	−0.029%	$168K	$46K	30x	as long as short
edgeX METAUSDClong	+0.0401%	4h	740.46	long leg	$62K	$329K	10x