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 −0.022%

Price spread now: OKX against KuCoin−0.065%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1391.393% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.065%, 7d avg +0.060%

Together, before fees−0.164%−$16 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 OKX is 0.124% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	740.73	0.0100	pay 0.0100% / 8h	7h 02m	$1.6M	$454K	20x
Short	OKX META-USDT-SWAP	740.25	0	get 0.0000% / 8h	7h 02m	$6.0M	$13.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$21
Price spread: −0.065% → +0.060%: −$12.43
Slippage, 4 orders: −$117.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$172.72
Costs to cover: 1.393%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 1 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, 3 min ago	7.56 bp	64.7 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.94 bp	8.4 bp −$8	16.8 bp −$168	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
Deribit META_USDC-PERPETUAL	−0.0142%	1h	739.98	−0.101%	$30K	$246K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	740.77	+0.005%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0098%	1h	740.42	−0.042%	$490K	$523K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.38	−0.048%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.24	−0.066%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.39	−0.046%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.59	−0.019%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	740.25	−0.065%	$6.0M	$13.3M	20x
Gate META_USDT	0.0000%	8h	740.31	−0.057%	$351K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	−0.042%	$5.6M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.83	+0.013%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.019%	$13K	$453K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.67	−0.008%	$821	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.20	−0.072%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.72	−0.001%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.67	−0.008%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.87	+0.019%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.43	−0.041%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.25	−0.065%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	−0.043%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.97	−0.103%	$686K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.20	−0.072%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	740.50	−0.031%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.15	−0.078%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	741.04	+0.042%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	740.56	−0.023%	$33K	$105	20x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	740.73	long leg	$1.6M	$454K	20x
ApeX Omni METAUSDT	+0.0100%	1h	740.31	−0.057%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.43	−0.041%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.27	−0.063%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.19	−0.073%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0164%	1h	740.51	−0.030%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0192%	1h	740.62	−0.015%	$857K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.169%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.55	+0.111%	$335K	$930K	20x	as long as short
edgeX METAUSDC	+0.0394%	4h	740.15	−0.079%	$62K	$335K	10x	as long as short