META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h −0.087%

Price spread now: Injective against Extended+0.341%7-day average +0.319% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$610.609% of the position

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.306%+$31 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.341%, 7d avg +0.319%

Together, before fees+0.422%+ Points / potential airdropExtended: Active · farm board+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.022% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.319%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	740.99	0	get 0.0000% / 1h	37m 02s	$549K	$2.7M	17x
Short	Injective META/USDC PERP	743.52	0.0220	get 0.0028% / 1h	37m 02s	$171K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.341%Rate

Funding earned: $46.2
Price spread: +0.341% → +0.319%: $2.17
Slippage, 4 orders: −$55.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$12.57
Costs to cover: 0.609%
Break-even: 8.9 days

Slippage from Extended: live order book, 2 min ago; Injective: live order book, 27 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, 2 min ago	0.27 bp	5.4 bp −$5	28.0 bp −$280	doesn't fit	doesn't fit
Sell Injective live order book, 27 min ago	17.75 bp	32.5 bp −$33	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	741.24	+0.033%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0034%	1h	740.97	−0.003%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.61	+0.083%	$466K	$549K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	740.99	long leg	$549K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	741.20	+0.027%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.12	+0.017%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.07	+0.010%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.01	+0.002%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.17	+0.024%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	+0.019%	$2.3M	$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	741.42	+0.057%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.22	+0.031%	$801	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.68	−0.042%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.88	−0.015%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.21	+0.029%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.37	+0.051%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.08	+0.012%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.83	−0.022%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.43	+0.059%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.16	+0.023%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.93	−0.008%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.13	+0.019%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.062%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	740.99	0.000%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.11	+0.151%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.112%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.39	+0.054%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.68	−0.042%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.11	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.95	−0.006%	$267	—	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	743.52	+0.341%	$171K	$48K	30x
Lighter META	+0.0240%	1h	741.34	+0.047%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0256%	1h	741.39	+0.054%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	741.28	+0.039%	$69.1M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.14	+0.155%	$521K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0560%	4h	741.14	+0.020%	$62K	$335K	10x	as long as short