META

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.038%

Price spread now: Coinbase International against Injective−0.381%64s7-day average −0.386% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.385% of the position

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.522%−$52 on $10k

Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.381%, 7d avg −0.386%

Together, before fees−0.268%−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.386%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 64 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	Injective META/USDC PERP	740.69	0.0220	pay 0.0028% / 1h	51m 38s	$167K	$61K	30x
Short	Coinbase International META-PERP-INTX	737.87	0.0088	get 0.0011% / 1h	51m 38s	$684K	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −0.381%Rate

Funding earned: −$27.72
Price spread: −0.381% → −0.386%: $0.53
Slippage, 4 orders: −$28.49
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$65.7
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Injective: live order book, 55 min ago; Coinbase International: live order book, 5 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, 55 min ago	9.99 bp	10.0 bp −$10	10.0 bp −$100	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.59 bp	9.9 bp −$10	12.2 bp −$122	doesn't fit	doesn't fit

META on 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	738.65	−0.275%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.16	−0.207%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.50	−0.161%	$491K	$629K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	738.54	−0.291%	$547K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.87	−0.246%	$25.2M	$192.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.58	−0.285%	$7.4M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.01	−0.227%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.22	−0.333%	$494K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.85	−0.248%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	739.44	−0.168%	$2.6M	$3.2M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	739.32	−0.185%	$12K	$422K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.26	−0.193%	$757	$6.8M	20x	as long as short
HTX META-USDT	0.0000%	8h	738.60	−0.282%	$108K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.32	−0.185%	$2.0M	$9K	10x	as long as short
Lighter RH META	+0.0032%	1h	738.90	−0.242%	$856K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.90	−0.242%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	738.64	−0.277%	$557K	$590K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	738.72	−0.266%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.72	−0.266%	$754K	$5.1M	10x	as long as short
Popdex METAUSDT	+0.0056%	1h	739.00	−0.228%	$178K	$199K	20x	as long as short
QFEX META-USD	+0.0056%	1h	738.59	−0.284%	$2.2M	$14.0M	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	738.50	−0.295%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	739.20	−0.201%	$53K	$86K	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0088%	1h	737.87	−0.381%	$684K	$7.3M	10x
Pacifica META	+0.0100%	1h	738.06	−0.355%	$611	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.76	−0.261%	$1.6M	$935K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	738.25	−0.329%	$165K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.55	−0.289%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	738.37	−0.314%	$266	—	10x	as long as short
Nado META-PERP	+0.0110%	1h	738.20	−0.336%	$473K	$536K	20x	as long as short
edgeX METAUSDC	+0.0122%	4h	739.43	−0.170%	$62K	$349K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0170%	1h	738.29	−0.324%	$36K	$209K	10x	as long as short
Arcus META-USD	+0.0209%	1h	738.37	−0.313%	$110K	$291K	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	740.69	long leg	$167K	$61K	30x
tradeXYZ xyz:META	+0.0304%	1h	738.59	−0.284%	$86.8M	$136.1M	20x	as long as short
Lighter META	+0.0352%	1h	738.99	−0.230%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0626%	1h	740.45	−0.032%	$791K	$1.6M	20x	as long as short