META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.010%

Price spread now: Coinbase International against Hotstuff+0.049%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Coinbase International is 0.049% dearer against Hotstuff than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff META-PERP	741.46	0.0248	pay 0.0031% / 1h	35m 11s	$33K	$105	20x
Short	Coinbase International META-PERP-INTX	741.82	0.0096	get 0.0012% / 1h	35m 11s	$610K	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$31.92
Price spread: +0.049% → 0.000%: $4.86
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.06
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	2.16 bp	7.4 bp −$7	10.2 bp −$102	doesn't fit	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	741.41	−0.007%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	740.90	−0.075%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.64	+0.025%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.28	−0.025%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.45	−0.001%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.26	−0.027%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.35	−0.015%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.02	−0.059%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.43	−0.004%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	−0.044%	$2.3M	$3.1M	—	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	741.23	−0.031%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.33	−0.018%	$950	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.86	−0.081%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.24	−0.030%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.40	−0.008%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.69	+0.031%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.18	−0.038%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.81	−0.088%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.52	+0.008%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.43	−0.004%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.18	−0.038%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.36	−0.013%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.125%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	741.16	−0.041%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.15	+0.093%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0096%	1h	741.82	+0.049%	$610K	$7.1M	10x
KuCoin METAUSDTM	+0.0100%	8h	741.58	+0.016%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.43	−0.139%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.34	−0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.22	−0.033%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.278%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.56	+0.013%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERPlong	+0.0248%	1h	741.46	long leg	$33K	$105	20x
tradeXYZ xyz:META	+0.0341%	1h	741.49	+0.004%	$69.2M	$120.1M	20x	as long as short
edgeX METAUSDC	+0.0464%	4h	741.05	−0.055%	$62K	$336K	10x	as long as short
Phoenix META	+0.0496%	1h	741.90	+0.059%	$526K	$1.1M	20x	as long as short