META

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h +0.036%

Price spread now: Arcus against Hotstuff−0.073%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Arcus is 0.073% cheaper against Hotstuff than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff META-PERP	740.72	0.0200	pay 0.0025% / 1h	33m 01s	$33K	$105	20x
Short	Arcus META-USD	740.18	0.0040	get 0.0005% / 1h	33m 01s	$110K	$481K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Hotstuff. 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 HotstuffbpFee ArcusbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$33.54
Price spread: −0.073% → 0.000%: −$7.29
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$50.33
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Arcus: live order book, 51 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Arcus live order book, 51 min ago	3.58 bp	5.8 bp −$6	9.9 bp −$99	21.1 bp −$2,106	doesn't fit

Hotstuff: 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	740.52	−0.027%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0072%	1h	740.74	+0.003%	$395K	$317K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0020%	1h	740.52	−0.027%	$30K	$256K	10x	as long as short
Aster METAUSDT	0.0000%	8h	741.40	+0.092%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.48	−0.032%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.64	−0.011%	$26.9M	$177.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.60	−0.016%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.65	−0.009%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.10	−0.084%	$329K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.70	−0.003%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.63	−0.012%	$1.6M	$2.6M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.39	−0.045%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.79	+0.009%	$666	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.25	−0.063%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.53	−0.026%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.68	−0.005%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.95	+0.031%	$744K	$3.2M	20x	as long as short
Arcus META-USDshort	+0.0040%	1h	740.18	−0.073%	$110K	$481K	10x
Vest META-USD-PERP	+0.0046%	1h	741.23	+0.069%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.61	−0.015%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.79	+0.009%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.61	−0.015%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.56	−0.022%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.30	−0.057%	$666K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	740.95	+0.031%	$49K	$63K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.57	−0.020%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	−0.053%	$291K	$791K	20x	as long as short
Lighter META	+0.0080%	1h	740.95	+0.031%	$862K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.76	+0.005%	$1.6M	$361K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.19	−0.072%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.71	−0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.69	−0.005%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0107%	1h	740.78	+0.008%	$68.4M	$120.6M	20x	as long as short
Hotstuff META-PERPlong	+0.0200%	1h	740.72	long leg	$33K	$105	20x
Injective META/USDC PERP	+0.0220%	1h	740.28	−0.059%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0897%	4h	740.56	−0.021%	$62K	$331K	10x	as long as short