META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0112%/8h= −12.2% APRnext payment −$0.14 per $10,000 · paid last 24h −0.138%

Price spread now: Nado against Extended−0.031%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.224%−$22 on $10k

Price spread, last 4 days (all we have)−0.535%−$54 · spread now −0.031%, 7d avg −0.007%

Together, before fees−0.760%+ Points / potential airdropExtended: Active · Nado: Active · farm board−$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.024% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	740.40	0	get 0.0000% / 1h	59m 57s	$548K	$2.7M	17x
Short	Nado META-PERP	740.17	−0.0112	pay 0.0014% / 1h	59m 57s	$478K	$548K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: −$23.44
Price spread: −0.031% → −0.007%: −$2.36
Slippage, 4 orders: −$19.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$57.6
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Nado: 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 Extended live order book, 4 min ago	0.61 bp	5.6 bp −$6	36.6 bp −$366	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.61 bp	4.8 bp −$5	13.7 bp −$137	doesn't fit	doesn't fit

META on 35 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
Nado META-PERPshort	−0.0112%	1h	740.17	−0.031%	$478K	$548K	20x
Aster METAUSDT	0.0000%	8h	740.53	+0.018%	$466K	$549K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	740.40	long leg	$548K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	740.53	+0.017%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.57	+0.023%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.60	+0.027%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.05	−0.047%	$355K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.48	+0.011%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.45	+0.006%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.44	+0.005%	$12K	$431K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.39	−0.002%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.75	−0.088%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.31	−0.012%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.49	+0.012%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.43	+0.004%	$2.1M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.43	+0.004%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.04	−0.049%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.65	+0.034%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.59	+0.025%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.36	−0.006%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.34	−0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.99	−0.056%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	740.39	−0.001%	—	—	5x	as long as short
edgeX METAUSDC	+0.0060%	4h	740.31	−0.013%	$62K	$336K	10x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.91	+0.068%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.45	+0.007%	$1.6M	$498K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.82	−0.079%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.37	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.15	−0.034%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.035%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.62	+0.029%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.53	+0.017%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.35	+0.263%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0242%	1h	740.37	−0.004%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.07	+0.090%	$469K	$1.1M	20x	as long as short