META

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bitget against KuCoin−0.035%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.035%, 7d avg +0.063%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.098% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	740.34	0.0100	pay 0.0100% / 8h	5h 28m	$1.6M	$898K	20x
Short	Bitget METAUSDT	740.08	0	get 0.0000% / 8h	5h 28m	$5.7M	$12.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$21
Price spread: −0.035% → +0.063%: −$9.8
Slippage, 4 orders: −$39.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.68
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Bitget: 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 KuCoin live order book, 10 min ago	6.34 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.68 bp	11.0 bp −$11	13.9 bp −$139	27.0 bp −$2,701	doesn't fit

META on 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	735.21	−0.693%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.57	+0.031%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.73	+0.053%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.98	−0.049%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.22	−0.016%	$25.6M	$192.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.90	−0.059%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.16	−0.024%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.18	−0.022%	$462K	$6.3M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	740.08	−0.035%	$5.7M	$12.1M	100x
Variational Omni META	0.0000%	8h	740.19	−0.020%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.39	+0.006%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.27	−0.009%	$983	$7.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.27	−0.009%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.43	+0.012%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.47	+0.018%	$871K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.20	−0.019%	$2.1M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.09	−0.034%	$111K	$290K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.19	−0.020%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.90	−0.059%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.28	−0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.62	−0.097%	$744K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.05	−0.039%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.40	+0.008%	$649K	$7.5M	10x	as long as short
Aftermath Perps METAUSD	+0.0075%	1h	741.00	+0.089%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	739.59	−0.101%	$614	$3K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	740.34	long leg	$1.6M	$898K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.53	−0.109%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.32	−0.003%	$1K	$59	10x	as long as short
Popdex METAUSDT	+0.0104%	1h	740.36	+0.003%	$178K	$198K	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.08	−0.035%	$266	—	10x	as long as short
Nado META-PERP	+0.0120%	1h	739.68	−0.090%	$474K	$540K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.63	+0.174%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0326%	1h	740.04	−0.041%	$86.8M	$136.1M	20x	as long as short
Lighter META	+0.0344%	1h	740.44	+0.014%	$1.2M	$2.7M	20x	as long as short
edgeX METAUSDC	+0.0489%	4h	740.17	−0.023%	$62K	$350K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0521%	1h	740.21	−0.018%	$36K	$213K	10x	as long as short
Phoenix META	+0.0613%	1h	741.63	+0.174%	$792K	$1.5M	20x	as long as short