Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.008%
Price spread now: Bybit against Nado+0.089%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 3 days (all we have)+0.094%+$9 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now +0.089%, 7d avg +0.030%
=Together, before fees+0.150%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.059% dearer against Nado than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.030%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days. Mind the row above: over the last 3 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado META-PERP | 737.55 | 0.0032 | pay 0.0004% / 1h | 38m 10s | $372K | $343K | 20x |
| Short | Bybit METAUSDT | 738.21 | 0 | get 0.0000% / 8h | 7h 38m | $7.6M | $13.9M | 100x |
Nado META-PERP
Bybit METAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.71
- Price spread: +0.089% → +0.030%
- $5.91
- Slippage, 4 orders
- −$20.33
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$39.13
- Costs to cover
- 0.383%
- Break-even
- never at this rate
Slippage from Nado: live order book, 35 min ago; Bybit: 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 Nado live order book, 35 min ago | 0.41 bp | 13.5 bp −$14 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.27 bp | 5.8 bp −$6 | 15.9 bp −$159 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex METAUSDT | −0.0340% | 4h | 738.31 | +0.102% | $2.0M | $8K | 10x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 738.18 | +0.085% | $328K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 738.56 | +0.137% | $465K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 738.07 | +0.071% | $547K | $2.3M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 738.27 | +0.097% | $27.2M | $179.1M | 20x | as long as short |
| Bybit METAUSDTshort | 0.0000% | 8h | 738.21 | +0.089% | $7.6M | $13.9M | 100x | |
| OKX META-USDT-SWAP | 0.0000% | 8h | 738.15 | +0.081% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 737.79 | +0.032% | $351K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 738.01 | +0.062% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 738.89 | +0.181% | $2.3M | $3.3M | — | as long as short |
Phemex METAUSDT
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 739.31 | +0.238% | $12K | $479K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 738.42 | +0.117% | $727 | $9.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 737.59 | +0.005% | $30K | $250K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 738.00 | +0.060% | $106K | $292K | 30x | as long as short |
| Nado META-PERPlong | +0.0032% | 1h | 737.55 | long leg | $372K | $343K | 20x | |
| Lighter RH META | +0.0032% | 1h | 738.21 | +0.089% | $755K | $3.1M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 738.18 | +0.085% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 738.23 | +0.092% | $177K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 737.96 | +0.055% | $556K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 737.87 | +0.043% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 736.96 | −0.081% | $686K | $4.3M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 738.09 | +0.073% | $2.2M | $14.2M | 10x | as long as short |
| Hotstuff META-PERP | +0.0056% | 1h | 738.07 | +0.070% | $33K | $105 | 20x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 738.09 | +0.073% | $110K | $331K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0068% | 8h | 737.92 | +0.049% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0070% | 1h | 738.62 | +0.144% | $48K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 738.24 | +0.093% | $1.6M | $423K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 737.75 | +0.026% | $165K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 738.16 | +0.082% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 738.02 | +0.064% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 737.66 | +0.014% | $610K | $7.3M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0152% | 1h | 738.04 | +0.066% | $67.3M | $121.4M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 740.07 | +0.341% | $171K | $48K | 30x | as long as short |
| Phoenix META | +0.0259% | 1h | 739.18 | +0.220% | $277K | $930K | 20x | as long as short |
| Lighter META | +0.0280% | 1h | 738.26 | +0.096% | $850K | $2.5M | 20x | as long as short |
| edgeX METAUSDC | +0.0843% | 4h | 738.72 | +0.158% | $62K | $333K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Hotstuff META-PERP
Arcus META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
tradeXYZ xyz:META
Injective META/USDC PERP
Phoenix META
Lighter META
edgeX METAUSDC