META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0217%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h −0.014%

Price spread now: QFEX against Hotstuff+0.034%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 QFEX

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 pays, funding is against you. QFEX is 0.034% dearer against Hotstuff than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff META-PERP	740.72	0.0272	pay 0.0034% / 1h	56m 46s	$33K	$105	20x
Short	QFEX META-USD	740.97	0.0055	get 0.0007% / 1h	56m 46s	$2.2M	$14.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$45.53
Price spread: +0.034% → 0.000%: $3.38
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$57.15
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; QFEX: live order book, 7 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 QFEX live order book, 7 min ago	1.62 bp	6.6 bp −$7	7.3 bp −$73	17.1 bp −$1,710	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	740.72	0.000%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0018%	1h	740.53	−0.026%	$384K	$332K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.95	+0.030%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.51	−0.028%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.61	−0.015%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.51	−0.028%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.69	−0.004%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.31	−0.055%	$354K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.57	−0.020%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.83	+0.016%	$2.3M	$3.2M	—	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	741.01	+0.039%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.75	+0.004%	$696	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.24	−0.065%	$30K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.52	−0.027%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	+0.027%	$2.0M	$7K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.75	+0.004%	$760K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.10	+0.051%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.85	+0.018%	$178K	$194K	20x	as long as short
SoDEX META-USD	+0.0050%	1h	740.51	−0.028%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.11	−0.082%	$757K	$4.3M	10x	as long as short
QFEX META-USDshort	+0.0055%	1h	740.97	+0.034%	$2.2M	$14.3M	10x
Arcus META-USD	+0.0063%	1h	740.60	−0.016%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	741.17	+0.060%	$51K	$76K	10x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	740.96	+0.032%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.89	+0.023%	$1.6M	$409K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.44	−0.038%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.74	+0.003%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.26	−0.062%	$266	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.01	+0.039%	$291K	$797K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.52	−0.027%	$608K	$7.4M	10x	as long as short
Polymarket Perps META-USD	+0.0158%	1h	740.62	−0.014%	$558K	$857K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.055%	$168K	$46K	30x	as long as short
Hotstuff META-PERPlong	+0.0272%	1h	740.72	long leg	$33K	$105	20x
Lighter META	+0.0296%	1h	740.83	+0.015%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0306%	1h	740.33	−0.053%	$67.7M	$122.9M	20x	as long as short
edgeX METAUSDC	+0.0910%	4h	740.71	−0.001%	$62K	$335K	10x	as long as short