META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.129%

Price spread now: Coinbase International against Extended−0.039%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.039%, 7d avg −0.079%

Together, before fees−0.026%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.041% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.218%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	742.31	0	get 0.0000% / 1h	44m 10s	$548K	$2.7M	17x
Short	Coinbase International META-PERP-INTX	742.02	0.0104	get 0.0013% / 1h	44m 10s	$614K	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.039%Rate

Funding earned: $21.84
Price spread: −0.039% → −0.079%: $4.08
Slippage, 4 orders: −$11.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.66
Costs to cover: 0.266%
Break-even: 7.2 days

Slippage from Extended: live order book, 5 min ago; Coinbase International: live order book, 5 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 Extended live order book, 5 min ago	0.27 bp	5.2 bp −$5	30.1 bp −$301	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.15 bp	7.8 bp −$8	10.3 bp −$103	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	742.25	−0.008%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0049%	1h	742.20	−0.014%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.41	+0.014%	$466K	$551K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	742.31	long leg	$548K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	742.49	+0.025%	$27.5M	$180.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.28	−0.004%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.41	+0.014%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.17	−0.018%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.49	+0.025%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.05	−0.034%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.01	+0.095%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.76	+0.061%	$722	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.10	−0.028%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.54	+0.031%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.69	+0.052%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.68	+0.050%	$766K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.42	+0.015%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.10	−0.028%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.68	+0.050%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.57	+0.035%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.39	+0.011%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.39	+0.011%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.82	−0.066%	$701K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.50	+0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	743.15	+0.114%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.69	+0.052%	$1.6M	$535K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.47	−0.113%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.62	+0.042%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.40	+0.012%	$267	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0104%	1h	742.02	−0.039%	$614K	$7.2M	10x
Hotstuff META-PERP	+0.0128%	1h	741.79	−0.070%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.35	−0.129%	$171K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	742.57	+0.035%	$859K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0262%	1h	742.47	+0.022%	$69.4M	$120.4M	20x	as long as short
Phoenix META	+0.0591%	1h	743.92	+0.217%	$635K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0605%	4h	742.41	+0.014%	$62K	$338K	10x	as long as short