Funding you earn now, next payment 05:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.028%
Price spread now: tradeXYZ against Hotstuff+0.003%48s7-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
=Together, before fees—+ Points / potential airdropHotstuff: Active · tradeXYZ: 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. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 746.21 | 0.0232 | pay 0.0029% / 1h | 18m 38s | $33K | $105 | 20x |
| Short | tradeXYZ xyz:META | 746.23 | 0.0312 | get 0.0039% / 1h | 18m 38s | $70.7M | $121.1M | 20x |
Hotstuff META-PERP
tradeXYZ xyz:METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $16.9
- Price spread: +0.003% → 0.000%
- $0.27
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$5.84
- Costs to cover
- 0.230%
- Break-even
- 9.4 days
Slippage unknown: Hotstuff: no order-book sample; tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago | 0.13 bp | 9.4 bp −$9 | 9.4 bp −$94 | 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 | 746.13 | −0.011% | $330K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0002% | 1h | 745.42 | −0.105% | $482K | $554K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.24 | +0.004% | $492K | $577K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.98 | −0.031% | $554K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 746.22 | +0.002% | $28.5M | $182.7M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 746.14 | −0.009% | $7.5M | $14.5M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 746.28 | +0.009% | $6.0M | $13.4M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.71 | −0.067% | $380K | $5.8M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 746.33 | +0.017% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.41 | +0.027% | $12K | $452K | 10x | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_PerpShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 745.98 | −0.031% | $944 | $8.9M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 745.65 | −0.075% | $31K | $246K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.95 | −0.035% | $106K | $303K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.53 | +0.043% | $2.0M | $8K | 10x | as long as short |
| Bitget METAUSDT | +0.0021% | 8h | 746.16 | −0.007% | $5.5M | $11.8M | 100x | as long as short |
| Lighter RH META | +0.0032% | 1h | 746.40 | +0.025% | $783K | $2.9M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.80 | −0.055% | $111K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.38 | +0.023% | — | $10K | 25x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 745.70 | −0.068% | $587K | $565K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 746.03 | −0.024% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.39 | −0.110% | $787K | $4.6M | 10x | as long as short |
| QFEX META-USD | +0.0058% | 1h | 746.10 | −0.015% | $2.2M | $13.8M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0058% | 8h | 746.06 | −0.020% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0085% | 1h | 746.53 | +0.043% | $52K | $82K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 746.31 | +0.013% | $1.6M | $618K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.55 | −0.088% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 746.10 | −0.015% | $1K | $24 | 10x | as long as short |
| Popdex METAUSDT | +0.0104% | 1h | 746.07 | −0.019% | $179K | $199K | 20x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.96 | −0.033% | $269 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 745.72 | −0.066% | $638K | $7.5M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 748.48 | +0.304% | $173K | $48K | 30x | as long as short |
| Hotstuff META-PERPlong | +0.0232% | 1h | 746.21 | long leg | $33K | $105 | 20x | |
| Lighter META | +0.0272% | 1h | 746.35 | +0.019% | $866K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:METAshort | +0.0312% | 1h | 746.23 | +0.003% | $70.7M | $121.1M | 20x | |
| edgeX METAUSDC | +0.0407% | 4h | 746.35 | +0.018% | $62K | $338K | 10x | as long as short |
| Phoenix META | +0.0633% | 1h | 747.26 | +0.141% | $798K | $1.4M | 20x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Bitget METAUSDT
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Popdex METAUSDT
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
edgeX METAUSDC
Phoenix META