Funding you earn now, next payment 04:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.040%
Price spread now: Phoenix against Hotstuff+0.216%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.216% dearer against Hotstuff than usual: you sell high and buy low: +$22 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 | Hotstuff META-PERP | 746.68 | 0.0432 | pay 0.0054% / 1h | 55m 17s | $33K | $105 | 20x |
| Short | Phoenix META | 748.29 | 0.0633 | get 0.0079% / 1h | 55m 17s | $799K | $1.4M | 20x |
Hotstuff META-PERP
Phoenix METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $42.21
- Price spread: +0.216% → 0.000%
- $21.56
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $51.77
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Phoenix: live order book, 3 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 Phoenix live order book, 3 min ago | 2.14 bp | 8.3 bp −$8 | 15.7 bp −$157 | 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 | 746.09 | −0.079% | $333K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.49 | −0.026% | $492K | $577K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.79 | −0.119% | $548K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 746.13 | −0.074% | $28.4M | $181.7M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.96 | −0.096% | $7.4M | $14.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 746.16 | −0.070% | $6.0M | $12.7M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.53 | −0.154% | $430K | $5.9M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 746.09 | −0.078% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.62 | −0.008% | $12K | $446K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 746.01 | −0.090% | $903 | $8.6M | 20x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 745.52 | −0.155% | $31K | $255K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.95 | −0.098% | $106K | $305K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.46 | −0.029% | $2.0M | $8K | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 746.17 | −0.068% | $111K | $331K | 10x | as long as short |
| Nado META-PERP | +0.0045% | 1h | 745.40 | −0.171% | $482K | $556K | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.30 | −0.051% | — | $11K | 25x | as long as short |
| QFEX META-USD | +0.0046% | 1h | 745.95 | −0.098% | $2.2M | $13.8M | 10x | as long as short |
| Lighter RH META | +0.0048% | 1h | 746.18 | −0.067% | $768K | $2.9M | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 745.64 | −0.139% | $587K | $564K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 745.95 | −0.098% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.31 | −0.183% | $759K | $4.5M | 10x | as long as short |
| Popdex METAUSDT | +0.0064% | 1h | 746.05 | −0.084% | $179K | $199K | 20x | as long as short |
| Paradex META-USD-PERP | +0.0067% | 8h | 745.85 | −0.112% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0085% | 1h | 746.88 | +0.027% | $52K | $82K | 10x | as long as short |
| Bitget METAUSDT | +0.0099% | 8h | 745.85 | −0.111% | $5.5M | $11.9M | 100x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 746.16 | −0.070% | $1.6M | $630K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.87 | −0.108% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.98 | −0.094% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.79 | −0.119% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 746.41 | −0.036% | $671K | $7.6M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 749.00 | +0.311% | $173K | $46K | 30x | as long as short |
| Lighter META | +0.0312% | 1h | 746.19 | −0.066% | $958K | $2.5M | 20x | as long as short |
| edgeX METAUSDC | +0.0383% | 4h | 746.75 | +0.009% | $62K | $338K | 10x | as long as short |
| Hotstuff META-PERPlong | +0.0432% | 1h | 746.68 | long leg | $33K | $105 | 20x | |
| tradeXYZ xyz:META | +0.0485% | 1h | 746.28 | −0.054% | $72.4M | $122.4M | 20x | as long as short |
| Phoenix METAshort | +0.0633% | 1h | 748.29 | +0.216% | $799K | $1.4M | 20x |
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Arcus META-USD
Nado META-PERP
Vest META-USD-PERP
QFEX META-USD
Lighter RH META
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Popdex METAUSDT
Paradex META-USD-PERP
Aftermath Perps METAUSD
Bitget METAUSDT
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
edgeX METAUSDC
tradeXYZ xyz:META