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 −0.005%

Price spread now: Bybit against KuCoin−0.040%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$960.961% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.040%, 7d avg +0.046%

Together, before fees−0.111%−$11 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 Bybit is 0.086% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	742.85	0.0100	pay 0.0100% / 8h	2h 31m	$1.6M	$641K	20x
Short	Bybit METAUSDT	742.55	0	get 0.0000% / 8h	2h 31m	$7.3M	$15.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$21
Price spread: −0.040% → +0.046%: −$8.6
Slippage, 4 orders: −$73.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$125.67
Costs to cover: 0.961%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Bybit: live order book, 2 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, 9 min ago	6.66 bp	23.4 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.14 bp	7.5 bp −$8	16.4 bp −$164	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	743.10	+0.034%	$332K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0100%	1h	742.30	−0.074%	$31K	$264K	10x	as long as short
Aster METAUSDT	0.0000%	8h	743.40	+0.075%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.50	−0.047%	$544K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.70	−0.020%	$28.0M	$182.5M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	742.55	−0.040%	$7.3M	$15.1M	100x
OKX META-USDT-SWAP	0.0000%	8h	742.48	−0.050%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.12	−0.098%	$439K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.68	−0.023%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	742.87	+0.003%	$2.4M	$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	742.75	−0.013%	$12K	$445K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.90	+0.007%	$792	$8.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.48	−0.050%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.84	−0.001%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.90	+0.007%	$768K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.62	−0.031%	$110K	$332K	10x	as long as short
Nado META-PERP	+0.0043%	1h	742.63	−0.030%	$480K	$557K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.60	+0.101%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.04	+0.026%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.59	−0.035%	$584K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.74	−0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.18	−0.090%	$729K	$4.8M	10x	as long as short
Popdex METAUSDT	+0.0064%	1h	742.96	+0.015%	$178K	$200K	20x	as long as short
Paradex META-USD-PERP	+0.0079%	8h	742.61	−0.032%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	743.70	+0.114%	$51K	$81K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	742.85	long leg	$1.6M	$641K	20x
ApeX Omni METAUSDT	+0.0100%	1h	742.33	−0.070%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.78	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.57	−0.037%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	742.24	−0.082%	$659K	$7.7M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.411%	$172K	$46K	30x	as long as short
edgeX METAUSDC	+0.0297%	4h	743.02	+0.023%	$62K	$340K	10x	as long as short
Lighter META	+0.0344%	1h	742.96	+0.015%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0368%	1h	743.18	+0.044%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0451%	1h	742.90	+0.007%	$74.3M	$124.6M	20x	as long as short
Phoenix META	+0.0685%	1h	744.26	+0.190%	$795K	$1.4M	20x	as long as short