META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0317%/8h= +34.7% APRnext payment +$0.40 per $10,000 · paid last 24h −0.076%

Price spread now: tradeXYZ against Extended+0.037%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.327%+$33 · spread now +0.037%, 7d avg −0.019%

Together, before fees+0.359%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and tradeXYZ is 0.056% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	746.41	0	get 0.0000% / 1h	16m 37s	$554K	$2.7M	17x
Short	tradeXYZ xyz:META	746.69	0.0317	get 0.0040% / 1h	16m 37s	$70.9M	$121.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.037%Rate

Funding earned: $66.52
Price spread: +0.037% → −0.019%: $5.61
Slippage, 4 orders: −$7.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $41.87
Costs to cover: 0.303%
Break-even: 2.6 days

Slippage from Extended: live order book, 2 min ago; tradeXYZ: live order book, 13 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	5.7 bp −$6	32.3 bp −$323	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 13 min ago	0.13 bp	9.4 bp −$9	9.4 bp −$94	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	746.35	−0.008%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	746.08	−0.044%	$482K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.67	+0.035%	$492K	$577K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	746.41	long leg	$554K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	746.55	+0.018%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.50	+0.012%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.53	+0.016%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.87	−0.072%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.33	−0.010%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.41	0.000%	$12K	$452K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.34	−0.010%	$786	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.84	−0.076%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.07	−0.046%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.56	+0.020%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0025%	8h	746.53	+0.016%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.77	+0.048%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.91	−0.067%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.55	+0.019%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.04	−0.050%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.35	−0.008%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.137%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.43	+0.003%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	746.44	+0.004%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.58	+0.022%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	746.55	+0.019%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.60	+0.025%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.41	−0.134%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.31	−0.014%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.21	−0.027%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.72	−0.093%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.277%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	746.42	+0.001%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.79	+0.051%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:METAshort	+0.0317%	1h	746.69	+0.037%	$70.9M	$121.2M	20x
edgeX METAUSDC	+0.0407%	4h	746.35	−0.009%	$62K	$338K	10x	as long as short
Phoenix META	+0.0633%	1h	747.26	+0.114%	$798K	$1.4M	20x	as long as short