META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h −0.013%

Price spread now: tradeXYZ against Injective+0.050%7-day average −0.325% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Injective Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 3 days (all we have)−0.253%−$25 · spread now +0.050%, 7d avg −0.325%

Together, before fees−0.540%+ Points / potential airdroptradeXYZ: Active · farm board−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.375% dearer against Injective than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.325%. Mind the row above: over the last 7 days funding on this pair cost −0.287%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	741.17	0.0220	pay 0.0028% / 1h	14m 53s	$169K	$46K	30x
Short	tradeXYZ xyz:META	741.54	0.0261	get 0.0033% / 1h	14m 53s	$67.7M	$122.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.050%Rate

Funding earned: $8.71
Price spread: +0.050% → −0.325%: $37.54
Slippage, 4 orders: −$51.91
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$23.68
Costs to cover: 0.699%
Break-even: 26.0 days

Slippage from Injective: live order book, 64 min ago; tradeXYZ: 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, 64 min ago	17.11 bp	17.1 bp −$17	9881.6 bp −$98.8K	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.34 bp	9.8 bp −$10	10.4 bp −$104	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	741.86	+0.093%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0005%	1h	741.29	+0.016%	$386K	$331K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.65	+0.065%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.49	+0.043%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.68	+0.069%	$27.4M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.52	+0.047%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.59	+0.057%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.13	−0.005%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.66	+0.066%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.89	+0.097%	$2.3M	$3.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.81	+0.086%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.53	+0.049%	$744	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.54	+0.050%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.98	+0.109%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.60	+0.058%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.74	+0.077%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.26	+0.012%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.71	+0.073%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.73	+0.076%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.59	+0.057%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.63	+0.062%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.19	+0.003%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	741.45	+0.038%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	742.52	+0.182%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	+0.009%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.52	+0.047%	$1.6M	$398K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.25	+0.011%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.31	+0.019%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.39	+0.029%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.77	+0.081%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.69	+0.070%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0179%	4h	741.82	+0.088%	$62K	$333K	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	741.17	long leg	$169K	$46K	30x
Lighter META	+0.0240%	1h	741.80	+0.085%	$859K	$2.6M	20x	as long as short
tradeXYZ xyz:METAshort	+0.0261%	1h	741.54	+0.050%	$67.7M	$122.7M	20x
Deribit META_USDC-PERPETUAL	+0.0465%	1h	741.49	+0.043%	$30K	$258K	10x	as long as short