Funding you earn now, next payment 23:00 UTC+0.0098%/8h= +10.8% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: Deribit against Nado+0.018%7-day average −0.033% · 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−$31as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 3 days (all we have)+0.094%+$9 on $10k
+Price spread, last 3 days (all we have)+0.111%+$11 · spread now +0.018%, 7d avg −0.033%
=Together, before fees+0.205%+ Points / potential airdropNado: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.050% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado META-PERP | 741.04 | −0.0078 | get 0.0010% / 1h | 18m 33s | $396K | $325K | 20x |
| Short | Deribit META_USDC-PERPETUAL | 741.17 | 0.0020 | get 0.0002% / 1h | 18m 33s | $30K | $256K | 10x |
Nado META-PERP
Deribit META_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $20.63
- Price spread: +0.018% → −0.033%
- $5.05
- Slippage, 4 orders
- −$21.62
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$9.93
- Costs to cover
- 0.356%
- Break-even
- 10.4 days
Slippage from Nado: live order book, 64 min ago; Deribit: live order book, 65 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, 64 min ago | 0.47 bp | 6.9 bp −$7 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 65 min ago | 0.07 bp | 11.6 bp −$12 | 15.2 bp −$152 | 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 | 741.15 | +0.015% | $328K | $1.1M | 20x | as long as short |
| Nado META-PERPlong | −0.0078% | 1h | 741.04 | long leg | $396K | $325K | 20x | |
| Aster METAUSDT | 0.0000% | 8h | 741.76 | +0.097% | $458K | $536K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 741.08 | +0.005% | $548K | $1.5M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 741.22 | +0.024% | $26.9M | $178.0M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 741.11 | +0.010% | $7.5M | $13.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 741.09 | +0.007% | $6.0M | $13.2M | 20x | as long as short |
| Hotstuff META-PERP | 0.0000% | 1h | 741.20 | +0.022% | $33K | $105 | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.66 | −0.051% | $343K | $5.5M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 741.12 | +0.011% | $5.8M | $11.0M | 100x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Hotstuff META-PERP
Gate META_USDT
Bitget METAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni META | 0.0000% | 8h | 741.31 | +0.037% | $1.6M | $2.6M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 741.30 | +0.035% | $12K | $504K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 741.12 | +0.011% | $694 | $9.5M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.95 | −0.012% | $107K | $286K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 741.43 | +0.053% | $2.0M | $7K | 10x | as long as short |
| QFEX META-USD | +0.0003% | 1h | 741.04 | 0.000% | $2.2M | $14.2M | 10x | as long as short |
| edgeX METAUSDC | +0.0013% | 4h | 741.30 | +0.035% | $62K | $331K | 10x | as long as short |
| Deribit META_USDC-PERPETUALshort | +0.0020% | 1h | 741.17 | +0.018% | $30K | $256K | 10x | |
| Lighter RH META | +0.0032% | 1h | 741.47 | +0.058% | $749K | $3.2M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 740.81 | −0.031% | $110K | $481K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 741.52 | +0.065% | — | $9K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 741.16 | +0.016% | $178K | $201K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 741.25 | +0.028% | $541K | $840K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 741.15 | +0.015% | $24K | $3K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0050% | 8h | 740.99 | −0.007% | — | — | 5x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 740.92 | −0.016% | $648K | $4.1M | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0055% | 1h | 742.03 | +0.133% | $50K | $66K | 10x | as long as short |
| Lighter META | +0.0064% | 1h | 741.44 | +0.054% | $862K | $2.5M | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.0064% | 1h | 740.91 | −0.017% | $606K | $7.4M | 10x | as long as short |
| Phoenix META | +0.0065% | 1h | 741.24 | +0.027% | $291K | $791K | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 741.13 | +0.012% | $1.6M | $365K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 740.95 | −0.012% | $166K | $73K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 741.27 | +0.031% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 741.08 | +0.006% | $267 | — | 10x | as long as short |
| tradeXYZ xyz:META | +0.0105% | 1h | 741.33 | +0.039% | $68.6M | $120.9M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 741.09 | +0.007% | $169K | $46K | 30x | as long as short |
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
edgeX METAUSDC
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Paradex META-USD-PERP
Ondo Perps META-USD.P
Aftermath Perps METAUSD
Lighter META
Coinbase International META-PERP-INTX
Phoenix META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
tradeXYZ xyz:META
Injective META/USDC PERP