META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.035%

Price spread now: BloFin against KuCoin+0.031%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$900.900% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.380%−$38 on $10k

Price spread, last 3 days (all we have)+0.142%+$14 · spread now +0.031%, 7d avg +0.051%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.020% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	741.70	0.0100	pay 0.0100% / 8h	17m 07s	$1.6M	$396K	20x
Short	BloFin META-USDT	741.93	−0.0120	pay 0.0120% / 8h	17m 07s	$328K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$46.2
Price spread: +0.031% → +0.051%: −$2.03
Slippage, 4 orders: −$66.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$138.24
Costs to cover: 0.900%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; BloFin: 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 KuCoin live order book, 4 min ago	3.44 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.41 bp	7.5 bp −$7	11.4 bp −$114	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-USDTshort	−0.0120%	8h	741.93	+0.031%	$328K	$1.1M	20x
Nado META-PERP	−0.0009%	1h	741.29	−0.055%	$386K	$331K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.00	+0.040%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.71	+0.002%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.85	+0.021%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.72	+0.003%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.79	+0.012%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.37	−0.044%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.81	+0.015%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.39	−0.041%	$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	741.88	+0.024%	$13K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.60	−0.013%	$676	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.66	−0.005%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.05	+0.047%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.86	+0.022%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.97	+0.036%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.41	−0.039%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.92	+0.030%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.79	+0.012%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.75	+0.007%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.79	+0.012%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.25	−0.061%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	741.49	−0.028%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	742.35	+0.087%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	−0.062%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	741.70	long leg	$1.6M	$396K	20x
ApeX Omni METAUSDT	+0.0100%	1h	741.45	−0.034%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.75	+0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.68	−0.002%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.50	−0.027%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.77	+0.009%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.17	−0.071%	$169K	$46K	30x	as long as short
Lighter META	+0.0232%	1h	742.02	+0.043%	$860K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0260%	1h	741.77	+0.009%	$67.7M	$122.7M	20x	as long as short
edgeX METAUSDC	+0.0284%	4h	741.50	−0.027%	$62K	$333K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0438%	1h	741.71	+0.001%	$30K	$258K	10x	as long as short