Funding you earn now, next payment 09:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.031%
Price spread now: OKX against Hotstuff−0.222%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and OKX is 0.222% cheaper against Hotstuff than usual: you would sell low and buy high (−$22 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 | 746.35 | 0.0328 | pay 0.0041% / 1h | 46m 01s | $33K | $105 | 20x |
| Short | OKX META-USDT-SWAP | 744.69 | 0 | get 0.0000% / 8h | 7h 46m | $6.0M | $12.8M | 20x |
Hotstuff META-PERP
OKX META-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Hotstuff. 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
- −$68.88
- Price spread: −0.222% → 0.000%
- −$22.24
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$106.12
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago | 0.80 bp | 12.4 bp −$12 | 21.4 bp −$214 | 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 37 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 | 745.52 | −0.111% | $334K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0044% | 1h | 744.43 | −0.258% | $480K | $561K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.00 | −0.047% | $489K | $603K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 744.88 | −0.197% | $547K | $3.4M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 745.07 | −0.172% | $25.7M | $191.4M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 744.79 | −0.209% | $7.4M | $15.7M | 100x | as long as short |
| OKX META-USDT-SWAPshort | 0.0000% | 8h | 744.69 | −0.222% | $6.0M | $12.8M | 20x | |
| Gate META_USDT | 0.0000% | 8h | 744.34 | −0.269% | $474K | $6.2M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 744.85 | −0.201% | $5.7M | $12.4M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 746.52 | +0.023% | $2.5M | $3.0M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.46 | +0.014% | $12K | $443K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.04 | −0.176% | $1K | $7.9M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 744.71 | −0.220% | $53K | $290K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 744.78 | −0.210% | $108K | $312K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 745.46 | −0.119% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 745.11 | −0.166% | $795K | $2.9M | 20x | as long as short |
| QFEX META-USD | +0.0036% | 1h | 744.95 | −0.188% | $2.2M | $14.1M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 744.48 | −0.251% | $112K | $337K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 745.50 | −0.114% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 744.80 | −0.208% | $180K | $205K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 744.20 | −0.288% | $566K | $619K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 744.86 | −0.200% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 744.77 | −0.212% | $724K | $5.1M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 744.92 | −0.192% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0083% | 1h | 745.46 | −0.120% | $49K | $90K | 10x | as long as short |
| Pacifica META | +0.0100% | 1h | 744.88 | −0.196% | $635 | $1K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.21 | −0.153% | $1.6M | $750K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.98 | −0.050% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.27 | −0.145% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.04 | −0.175% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0120% | 1h | 744.50 | −0.248% | $652K | $8.1M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 748.08 | +0.232% | $177K | $52K | 30x | as long as short |
| Lighter META | +0.0224% | 1h | 745.28 | −0.143% | $1.2M | $2.9M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0262% | 1h | 744.84 | −0.202% | $84.2M | $132.7M | 20x | as long as short |
| Hotstuff META-PERPlong | +0.0328% | 1h | 746.35 | long leg | $33K | $105 | 20x | |
| edgeX METAUSDC | +0.0372% | 4h | 746.05 | −0.040% | $63K | $347K | 10x | as long as short |
| Phoenix META | +0.0791% | 1h | 746.70 | +0.047% | $797K | $1.5M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Pacifica META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
tradeXYZ xyz:META
edgeX METAUSDC
Phoenix META