META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h −0.139%

Price spread now: QFEX against Extended+0.004%7-day average +0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.136%−$14 on $10k

Price spread, last 7 days+0.431%+$43 · spread now +0.004%, 7d avg +0.004%

Together, before fees+0.295%+ Points / potential airdropExtended: Active · farm board+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.136%, 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	740.13	0	get 0.0000% / 1h	22m 19s	$550K	$2.7M	17x
Short	QFEX META-USD	740.16	0.0025	get 0.0003% / 1h	22m 19s	$2.2M	$14.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $5.31
Price spread: +0.004% → +0.004%: $0.03
Slippage, 4 orders: −$12.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$21.71
Costs to cover: 0.270%
Break-even: 35.6 days

Slippage from Extended: live order book, 1 min ago; QFEX: live order book, 7 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, 1 min ago	0.74 bp	5.7 bp −$6	37.4 bp −$374	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	2.57 bp	7.7 bp −$8	10.8 bp −$108	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-PERP	−0.0130%	1h	739.31	−0.111%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.47	+0.046%	$466K	$549K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	740.13	long leg	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	740.28	+0.020%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.11	−0.003%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.03	−0.014%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.08	−0.007%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.32	+0.025%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.67	+0.073%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.40	+0.037%	$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	740.08	−0.007%	$717	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.91	−0.030%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.19	+0.008%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.089%	$2.0M	$8K	10x	as long as short
QFEX META-USDshort	+0.0025%	1h	740.16	+0.004%	$2.2M	$14.0M	10x
Lighter RH META	+0.0032%	1h	740.37	+0.032%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.09	−0.006%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.40	+0.036%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.27	+0.019%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.10	−0.004%	$557K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.31	+0.024%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.99	−0.019%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.71	−0.057%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.81	+0.092%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.27	+0.019%	$1.6M	$483K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.87	−0.035%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.29	+0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.10	−0.005%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.071%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0128%	1h	740.42	+0.039%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.43	+0.040%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.309%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0244%	1h	740.33	+0.027%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	741.24	+0.150%	$421K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0851%	4h	740.34	+0.029%	$62K	$334K	10x	as long as short