Funding you earn now, next payment 05:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.050%
Price spread now: SoDEX against Injective−0.067%62s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SoDEX is 0.067% cheaper against Injective than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 62 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 | 746.39 | 0.0220 | pay 0.0028% / 1h | 26m 11s | $172K | $48K | 30x |
| Short | SoDEX META-USD | 745.89 | 0.0050 | get 0.0006% / 1h | 26m 11s | $25K | $3K | 10x |
Injective META/USDC PERP
SoDEX META-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$35.7
- Price spread: −0.067% → 0.000%
- −$6.7
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$50.42
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 28 min ago; SoDEX: no order-book sample. 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 Injective live order book, 28 min ago | 17.58 bp | 17.6 bp −$18 | 9881.6 bp −$98.8K | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | 746.03 | −0.048% | $329K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.06 | −0.044% | $470K | $555K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.81 | −0.077% | $554K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 746.03 | −0.048% | $28.5M | $183.0M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 746.00 | −0.052% | $7.5M | $14.5M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.72 | −0.090% | $6.0M | $13.5M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.54 | −0.114% | $379K | $5.8M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 746.88 | +0.066% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.71 | +0.043% | $12K | $452K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.90 | −0.066% | $939 | $9.0M | 20x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX META-USDT | 0.0000% | 8h | 745.81 | −0.078% | $106K | $303K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.58 | +0.025% | $2.0M | $8K | 10x | as long as short |
| Nado META-PERP | +0.0002% | 1h | 745.42 | −0.130% | $482K | $554K | 20x | as long as short |
| Bitget METAUSDT | +0.0009% | 8h | 746.01 | −0.051% | $5.5M | $11.8M | 100x | as long as short |
| Lighter RH META | +0.0032% | 1h | 746.11 | −0.038% | $783K | $2.9M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 746.02 | −0.050% | $111K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.31 | −0.011% | — | $10K | 25x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 745.77 | −0.083% | $587K | $565K | 10x | as long as short |
| SoDEX META-USDshort | +0.0050% | 1h | 745.89 | −0.067% | $25K | $3K | 10x | |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.42 | −0.130% | $786K | $4.6M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0057% | 8h | 745.79 | −0.080% | — | — | 5x | as long as short |
| QFEX META-USD | +0.0058% | 1h | 745.95 | −0.059% | $2.2M | $13.8M | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0059% | 1h | 745.50 | −0.119% | $31K | $246K | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0087% | 1h | 746.48 | +0.012% | $52K | $82K | 10x | as long as short |
| edgeX METAUSDC | +0.0088% | 4h | 746.59 | +0.027% | $62K | $336K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 746.06 | −0.044% | $1.6M | $615K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 746.19 | −0.027% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.89 | −0.067% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.78 | −0.082% | $268 | — | 10x | as long as short |
| Popdex METAUSDT | +0.0128% | 1h | 746.03 | −0.048% | $180K | $200K | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 745.68 | −0.095% | $639K | $7.5M | 10x | as long as short |
| Injective META/USDC PERPlong | +0.0220% | 1h | 746.39 | long leg | $172K | $48K | 30x | |
| Hotstuff META-PERP | +0.0264% | 1h | 745.82 | −0.076% | $33K | $105 | 20x | as long as short |
| Lighter META | +0.0280% | 1h | 746.12 | −0.036% | $866K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0330% | 1h | 745.71 | −0.091% | $70.4M | $121.2M | 20x | as long as short |
| Phoenix META | +0.0633% | 1h | 747.69 | +0.174% | $798K | $1.4M | 20x | as long as short |
HTX META-USDT
Phemex METAUSDT
Nado META-PERP
Bitget METAUSDT
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Polymarket Perps META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
QFEX META-USD
Deribit META_USDC-PERPETUAL
Aftermath Perps METAUSD
edgeX METAUSDC
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Popdex METAUSDT
Coinbase International META-PERP-INTX
Hotstuff META-PERP
Lighter META
tradeXYZ xyz:META
Phoenix META