META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.134%

Price spread now: Extended against Nado+0.045%7-day average +0.008% · 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−$25as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.226%+$23 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now +0.045%, 7d avg +0.008%

Together, before fees+0.374%+ Points / potential airdropNado: Active · Extended: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.036% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	742.19	−0.0019	get 0.0002% / 1h	23m 11s	$480K	$553K	20x
Short	Extended META_24_5-USD	742.53	0	get 0.0000% / 1h	23m 11s	$549K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Nado. 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 NadobpFee ExtendedbpOrdersPrice spread, now +0.045%Rate

Funding earned: $4.02
Price spread: +0.045% → +0.008%: $3.63
Slippage, 4 orders: −$16.38
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.73
Costs to cover: 0.284%
Break-even: 43.1 days

Slippage from Nado: live order book, 35 min ago; Extended: live order book, 6 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	0.47 bp	12.6 bp −$13	93.6 bp −$936	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.61 bp	5.9 bp −$6	28.7 bp −$287	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	742.65	+0.061%	$329K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0019%	1h	742.19	long leg	$480K	$553K	20x
Aster METAUSDT	0.0000%	8h	742.57	+0.050%	$468K	$552K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	742.53	+0.045%	$549K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	742.73	+0.072%	$27.6M	$180.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.60	+0.055%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.54	+0.047%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.24	+0.006%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.53	+0.045%	$5.3M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.05	−0.020%	$2.4M	$3.1M	—	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	741.87	−0.044%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.73	+0.072%	$979	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.46	+0.036%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.49	+0.040%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.64	+0.060%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.98	+0.106%	$771K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.62	+0.057%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.90	−0.040%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.04	+0.114%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.70	+0.068%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.41	+0.029%	$584K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.59	+0.053%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.67	−0.071%	$764K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	742.46	+0.036%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	742.48	+0.039%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.60	+0.055%	$1.6M	$548K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.88	−0.042%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.66	+0.063%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.53	+0.046%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	741.90	−0.040%	$625K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0168%	1h	742.49	+0.040%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.24	+0.006%	$171K	$48K	30x	as long as short
edgeX METAUSDC	+0.0245%	4h	742.15	−0.006%	$62K	$336K	10x	as long as short
Lighter META	+0.0256%	1h	742.86	+0.090%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0283%	1h	742.59	+0.053%	$69.5M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	742.78	+0.079%	$682K	$1.2M	20x	as long as short