META

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h +0.009%

Price spread now: Popdex against Hotstuff−0.018%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 Popdex

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff META-PERP	741.51	0.0128	pay 0.0016% / 1h	27m 46s	$33K	$105	20x
Short	Popdex METAUSDT	741.38	0.0048	get 0.0006% / 1h	27m 46s	$178K	$201K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$16.8
Price spread: −0.018% → 0.000%: −$1.75
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$29.95
Costs to cover: 0.114%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Popdex: live order book, 56 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 Popdex live order book, 56 min ago	0.20 bp	3.8 bp −$4	6.0 bp −$60	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	741.34	−0.023%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0084%	1h	741.43	−0.010%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.034%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.14	−0.050%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.26	−0.034%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.32	−0.026%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.32	−0.026%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.75	−0.102%	$343K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.35	−0.022%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.62	−0.120%	$1.6M	$2.6M	—	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	740.92	−0.080%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.57	+0.008%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.44	−0.009%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.09	−0.057%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.20	−0.042%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.35	−0.022%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.64	+0.018%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.85	−0.089%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.96	+0.061%	—	$9K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	741.38	−0.018%	$178K	$201K	20x
Polymarket Perps META-USD	+0.0050%	1h	741.40	−0.015%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.27	−0.032%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.17	−0.046%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.18	−0.045%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.46	−0.007%	$48K	$64K	10x	as long as short
Lighter META	+0.0056%	1h	741.61	+0.013%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.081%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.12	−0.053%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0096%	1h	741.46	−0.007%	$68.6M	$120.9M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.21	−0.040%	$1.6M	$363K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.52	−0.134%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.28	−0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.20	−0.041%	$267	—	10x	as long as short
Hotstuff META-PERPlong	+0.0128%	1h	741.51	long leg	$33K	$105	20x
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.125%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0246%	4h	740.42	−0.147%	$62K	$331K	10x	as long as short