Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.117%
Price spread now: SoDEX against Extended+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.029% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended META_24_5-USD | 743.71 | 0 | get 0.0000% / 1h | 48m 55s | $550K | $2.7M | 17x |
| Short | SoDEX META-USD | 743.92 | 0.0050 | get 0.0006% / 1h | 48m 55s | $25K | $3K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: +0.029% → 0.000%
- $2.89
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $0.39
- Costs to cover
- 0.130%
- Break-even
- 6.7 days
Slippage unknown: Extended: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.
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 | 0.54 bp | 5.8 bp −$6 | 31.3 bp −$313 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 743.96 | +0.034% | $328K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0012% | 1h | 743.51 | −0.026% | $481K | $553K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 744.06 | +0.047% | $469K | $553K | 20x | as long as short |
| Extended META_24_5-USDlong | 0.0000% | 1h | 743.71 | long leg | $550K | $2.7M | 17x | |
| Binance METAUSDT | 0.0000% | 8h | 744.18 | +0.064% | $28.4M | $182.9M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 743.78 | +0.010% | $7.6M | $14.5M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 743.80 | +0.013% | $6.0M | $13.6M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 743.36 | −0.046% | $365K | $5.8M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 743.93 | +0.030% | $5.4M | $11.8M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 744.05 | +0.047% | $2.4M | $3.2M | — | 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 | 744.65 | +0.127% | $12K | $452K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 743.94 | +0.032% | $646 | $9.1M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 743.49 | −0.029% | $31K | $246K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 743.80 | +0.013% | $106K | $302K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 744.53 | +0.111% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 744.07 | +0.049% | $781K | $2.9M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 743.88 | +0.023% | $111K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 744.11 | +0.054% | — | $10K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 743.88 | +0.023% | $179K | $199K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 743.64 | −0.009% | $585K | $565K | 10x | as long as short |
| SoDEX META-USDshort | +0.0050% | 1h | 743.92 | +0.029% | $25K | $3K | 10x | |
| Ondo Perps META-USD.P | +0.0050% | 1h | 743.23 | −0.064% | $800K | $4.6M | 10x | as long as short |
| QFEX META-USD | +0.0058% | 1h | 743.80 | +0.013% | $2.2M | $13.7M | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0085% | 1h | 744.72 | +0.137% | $52K | $82K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0098% | 8h | 743.83 | +0.016% | — | — | 5x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 743.96 | +0.034% | $1.6M | $599K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 743.72 | +0.002% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 743.97 | +0.036% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 743.80 | +0.012% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 743.82 | +0.015% | $623K | $7.4M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 746.56 | +0.384% | $172K | $48K | 30x | as long as short |
| Hotstuff META-PERP | +0.0224% | 1h | 744.11 | +0.054% | $33K | $105 | 20x | as long as short |
| Lighter META | +0.0256% | 1h | 744.03 | +0.044% | $862K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0318% | 1h | 743.90 | +0.026% | $70.0M | $121.0M | 20x | as long as short |
| edgeX METAUSDC | +0.0578% | 4h | 744.50 | +0.107% | $62K | $337K | 10x | as long as short |
| Phoenix META | +0.0633% | 1h | 745.49 | +0.240% | $758K | $1.4M | 20x | as long as short |
Extended META_24_5-USD
SoDEX META-USD
BloFin META-USDT
Aster METAUSDT
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Popdex METAUSDT
Polymarket Perps META-USD
Aftermath Perps METAUSD
Paradex META-USD-PERP
KuCoin METAUSDTM
ApeX Omni METAUSDT
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
tradeXYZ xyz:META
edgeX METAUSDC
Phoenix META