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: Gate against KuCoin−0.001%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$740.740% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.001%, 7d avg +0.011%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, 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	740.10	0.0100	pay 0.0100% / 8h	5h 28m	$1.6M	$899K	20x
Short	Gate META_USDT	740.09	0	get 0.0000% / 8h	5h 28m	$462K	$6.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.001%Rate

Funding earned: −$21
Price spread: −0.001% → +0.011%: −$1.19
Slippage, 4 orders: −$47.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.24
Costs to cover: 0.740%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Gate: 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, 11 min ago	6.34 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.59 bp	15.8 bp −$16	40.0 bp −$400	doesn't fit	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	739.95	−0.020%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.57	+0.064%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.78	+0.092%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.01	−0.012%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.25	+0.021%	$25.6M	$192.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.98	−0.016%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.27	+0.023%	$6.0M	$12.9M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	740.09	−0.001%	$462K	$6.3M	100x
Bitget METAUSDT	0.0000%	8h	740.17	+0.009%	$5.7M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.19	+0.012%	$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	+0.039%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.20	+0.014%	$569	$7.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.10	0.000%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.43	+0.045%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.37	+0.036%	$871K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.16	+0.008%	$2.1M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.02	−0.011%	$111K	$290K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.15	+0.007%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.87	−0.031%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.13	+0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.64	−0.062%	$744K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	739.94	−0.022%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	739.65	−0.061%	$649K	$7.5M	10x	as long as short
Aftermath Perps METAUSD	+0.0075%	1h	740.88	+0.105%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	739.49	−0.082%	$614	$3K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	740.10	long leg	$1.6M	$899K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.53	−0.077%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.11	+0.001%	$1K	$94	10x	as long as short
Popdex METAUSDT	+0.0104%	1h	740.25	+0.020%	$178K	$198K	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.94	−0.022%	$266	—	10x	as long as short
Nado META-PERP	+0.0122%	1h	739.61	−0.066%	$474K	$540K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.63	+0.207%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0327%	1h	740.18	+0.011%	$86.8M	$136.1M	20x	as long as short
Lighter META	+0.0344%	1h	740.32	+0.030%	$1.2M	$2.7M	20x	as long as short
edgeX METAUSDC	+0.0489%	4h	740.17	+0.009%	$62K	$350K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0575%	1h	740.13	+0.004%	$36K	$213K	10x	as long as short
Phoenix META	+0.0613%	1h	741.63	+0.207%	$792K	$1.5M	20x	as long as short