META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.042%

Price spread now: Extended against Injective−0.299%100s7-day average −0.314% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as 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−$670.667% of the position

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.306%−$31 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.299%, 7d avg −0.314%

Together, before fees−0.189%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.314%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 100 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	746.01	0.0220	pay 0.0028% / 1h	15m 22s	$172K	$46K	30x
Short	Extended META_24_5-USD	743.78	0	get 0.0000% / 1h	15m 22s	$544K	$2.6M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.299%Rate

Funding earned: −$46.2
Price spread: −0.299% → −0.314%: $1.55
Slippage, 4 orders: −$61.67
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$111.35
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from Injective: live order book, 33 min ago; Extended: live order book, 3 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, 33 min ago	19.96 bp	20.0 bp −$20	9885.4 bp −$98.9K	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.54 bp	5.8 bp −$6	30.9 bp −$309	doesn't fit	doesn't fit

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	743.79	−0.298%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.23	−0.239%	$479K	$589K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	743.78	−0.299%	$544K	$2.6M	17x
Binance METAUSDT	0.0000%	8h	743.98	−0.272%	$27.6M	$182.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.03	−0.265%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.16	−0.248%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.49	−0.338%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.01	−0.268%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.82	−0.293%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.82	−0.294%	$12K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.05	−0.263%	$681	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.33	−0.359%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.81	−0.295%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.20	−0.243%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0012%	1h	743.68	−0.312%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.29	−0.231%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.45	−0.343%	$109K	$331K	10x	as long as short
edgeX METAUSDC	+0.0042%	4h	743.62	−0.320%	$62K	$341K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.40	−0.216%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.95	−0.276%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.99	−0.271%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.77	−0.300%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.90	−0.283%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.21	−0.375%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	743.87	−0.287%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.27	−0.233%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.94	−0.277%	$1.6M	$652K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.01	−0.402%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.94	−0.277%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.72	−0.307%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.43	−0.346%	$654K	$7.8M	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	746.01	long leg	$172K	$46K	30x
Lighter META	+0.0304%	1h	744.33	−0.225%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.36	−0.221%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0446%	1h	744.47	−0.206%	$75.4M	$125.4M	20x	as long as short
Phoenix META	+0.0685%	1h	744.89	−0.150%	$795K	$1.4M	20x	as long as short