META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.053%

Price spread now: QFEX against Injective−0.225%7-day average −0.290% · 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−$63as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on Injective Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.220%−$22 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.225%, 7d avg −0.290%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.065% dearer against Injective than usual: you sell high and buy low (spread −0.225% now, against its 7-day average of −0.290%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	746.56	0.0220	pay 0.0028% / 1h	30m 41s	$172K	$46K	30x
Short	QFEX META-USD	744.88	0.0031	get 0.0004% / 1h	30m 41s	$2.2M	$14.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.225%Rate

Funding earned: −$39.72
Price spread: −0.225% → −0.290%: $6.49
Slippage, 4 orders: −$59.24
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$102.49
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from Injective: live order book, 13 min ago; QFEX: 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, 13 min ago	17.28 bp	17.3 bp −$17	9880.1 bp −$98.8K	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.15 bp	7.1 bp −$7	8.4 bp −$84	17.7 bp −$1,765	doesn't fit

META on 37 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
Deribit META_USDC-PERPETUAL	−0.0180%	1h	744.24	−0.311%	$34K	$275K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	744.62	−0.260%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	744.78	−0.239%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.47	−0.146%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.92	−0.220%	$552K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.12	−0.193%	$25.0M	$188.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.93	−0.218%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.16	−0.188%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.42	−0.287%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.09	−0.197%	$5.6M	$12.4M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.51	−0.274%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.97	−0.213%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.50	−0.276%	$858	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.49	−0.277%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.71	−0.248%	$2.0M	$8K	10x	as long as short
QFEX META-USDshort	+0.0031%	1h	744.88	−0.225%	$2.2M	$14.0M	10x
Lighter RH META	+0.0032%	1h	745.45	−0.149%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.38	−0.292%	$112K	$340K	10x	as long as short
edgeX METAUSDC	+0.0044%	4h	744.89	−0.224%	$62K	$344K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.27	−0.173%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.15	−0.189%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.25	−0.309%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.65	−0.256%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.44	−0.284%	$696K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	745.03	−0.205%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.39	−0.157%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.79	−0.237%	$1.6M	$680K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.69	−0.250%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.72	−0.246%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.58	−0.265%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.06	−0.201%	$667K	$8.0M	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	746.56	long leg	$172K	$46K	30x
Lighter META	+0.0368%	1h	745.54	−0.137%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.48	−0.145%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0502%	1h	745.51	−0.141%	$77.5M	$127.6M	20x	as long as short
Phoenix META	+0.0739%	1h	745.19	−0.184%	$796K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.06	−0.201%	—	—	—	as long as short