META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against KuCoin+0.024%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$910.908% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$25 on $10k

Price spread, last 2 days (all we have)−0.031%−$3 · spread now +0.024%, 7d avg +0.043%

Together, before fees−0.286%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	739.48	0.0100	pay 0.0100% / 8h	7h 29m	$1.6M	$431K	20x
Short	Binance METAUSDT	739.66	0	get 0.0000% / 8h	7h 29m	$27.4M	$179.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: −$21
Price spread: +0.024% → +0.043%: −$1.86
Slippage, 4 orders: −$68.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$113.61
Costs to cover: 0.908%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 13 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 KuCoin live order book, 6 min ago	4.40 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.07 bp	6.0 bp −$6	8.4 bp −$84	35.0 bp −$3,500	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	739.50	+0.003%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.55	+0.009%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.50	+0.003%	$550K	$2.7M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	739.66	+0.024%	$27.4M	$179.2M	20x
Bybit METAUSDT	0.0000%	8h	739.82	+0.046%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.63	+0.020%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.19	−0.039%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.46	−0.003%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.38	−0.013%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	738.91	−0.077%	$12K	$479K	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	739.80	+0.043%	$680	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.26	−0.030%	$30K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.25	−0.031%	$106K	$292K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.57	+0.012%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	739.07	−0.056%	$371K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.75	+0.037%	$757K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.55	+0.009%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.49	+0.001%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.20	−0.038%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.46	−0.003%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.66	−0.111%	$691K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.33	−0.020%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.70	−0.105%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	739.23	−0.034%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.51	+0.004%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	739.49	+0.001%	$33K	$105	20x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	739.48	long leg	$1.6M	$431K	20x
ApeX Omni METAUSDT	+0.0100%	1h	738.62	−0.116%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.56	+0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.32	−0.022%	$266	—	10x	as long as short
edgeX METAUSDC	+0.0143%	4h	738.77	−0.096%	$62K	$334K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.134%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0177%	1h	739.56	+0.011%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.02	+0.208%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	739.76	+0.038%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.35	−0.018%	$277K	$930K	20x	as long as short