Funding you earn now, next payment 02:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.001%
Price spread now: Arcus against Injective−0.374%7-day average −0.327% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$690.691% of the position
Funding, last 3 days (all we have)−0.089%−$9 on $10k
+Price spread, last 3 days (all we have)+0.219%+$22 · spread now −0.374%, 7d avg −0.327%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Arcus is 0.047% cheaper against Injective than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.327%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective META/USDC PERP | 742.96 | 0.0220 | pay 0.0028% / 1h | 23m 49s | $171K | $48K | 30x |
| Short | Arcus META-USD | 740.18 | 0.0040 | get 0.0005% / 1h | 23m 49s | $110K | $330K | 10x |
Injective META/USDC PERP
Arcus META-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Injective. 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
- −$37.74
- Price spread: −0.374% → −0.327%
- −$4.74
- Slippage, 4 orders
- −$64.57
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$111.57
- Costs to cover
- 0.691%
- Break-even
- never at this rate
Slippage from Injective: live order book, 45 min ago; Arcus: live order book, 45 min ago.
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 Injective live order book, 45 min ago | 14.91 bp | 14.9 bp −$15 | 9877.0 bp −$98.8K | doesn't fit | doesn't fit |
| Sell Arcus live order book, 45 min ago | 2.84 bp | 12.5 bp −$12 | 14.8 bp −$148 | doesn't fit | doesn't fit |
META on 35 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado META-PERP | −0.0135% | 1h | 740.05 | −0.391% | $478K | $549K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.75 | −0.298% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.32 | −0.355% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.50 | −0.331% | $27.3M | $179.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.43 | −0.341% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.41 | −0.343% | $5.9M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.29 | −0.359% | $353K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.52 | −0.328% | $5.5M | $11.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.67 | −0.308% | $2.3M | $3.1M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.63 | −0.314% | $12K | $432K | 10x | as long as short |
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni META
GRVT META_USDT_PerpShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 740.39 | −0.346% | $876 | $9.2M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 740.06 | −0.390% | $31K | $244K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.32 | −0.355% | $105K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.86 | −0.283% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 740.37 | −0.349% | $2.2M | $14.0M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.71 | −0.303% | $751K | $3.0M | 20x | as long as short |
| Arcus META-USDshort | +0.0040% | 1h | 740.18 | −0.374% | $110K | $330K | 10x | |
| Vest META-USD-PERP | +0.0046% | 1h | 740.59 | −0.319% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.52 | −0.328% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.22 | −0.369% | $558K | $847K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.45 | −0.338% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.78 | −0.428% | $697K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 740.38 | −0.347% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0069% | 1h | 741.29 | −0.225% | $49K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.54 | −0.326% | $1.6M | $483K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 740.11 | −0.384% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.53 | −0.327% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.34 | −0.353% | $267 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 740.66 | −0.310% | $609K | $7.2M | 10x | as long as short |
| Lighter META | +0.0120% | 1h | 740.64 | −0.312% | $856K | $2.4M | 20x | as long as short |
| Hotstuff META-PERP | +0.0128% | 1h | 740.50 | −0.331% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERPlong | +0.0220% | 1h | 742.96 | long leg | $171K | $48K | 30x | |
| tradeXYZ xyz:META | +0.0239% | 1h | 740.51 | −0.330% | $68.4M | $119.9M | 20x | as long as short |
| Phoenix META | +0.0313% | 1h | 741.24 | −0.232% | $416K | $1.1M | 20x | as long as short |
| edgeX METAUSDC | +0.0851% | 4h | 740.34 | −0.352% | $62K | $334K | 10x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
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
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Lighter META
Hotstuff META-PERP
tradeXYZ xyz:META
Phoenix META
edgeX METAUSDC