META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0439%/8h= +48.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.029%

Price spread now: Hotstuff against Nado+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hotstuff is 0.026% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	746.65	−0.0039	get 0.0005% / 1h	51m 20s	$481K	$561K	20x
Short	Hotstuff META-PERP	746.84	0.0400	get 0.0050% / 1h	51m 20s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.026%Rate

Funding earned: $92.1
Price spread: +0.026% → 0.000%: $2.56
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $82.67
Costs to cover: 0.120%
Break-even: 0.7 days

Slippage unknown: Nado: live order book, 47 min ago; Hotstuff: no order-book sample. Net counts fees only.

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, 47 min ago	0.40 bp	14.5 bp −$15	93.1 bp −$931	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 37 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	746.56	−0.012%	$335K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0039%	1h	746.65	long leg	$481K	$561K	20x
Aster METAUSDT	0.0000%	8h	746.62	−0.004%	$484K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.52	−0.017%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.69	+0.006%	$25.6M	$190.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.52	−0.017%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.43	−0.029%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.02	−0.084%	$471K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.56	−0.012%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.33	−0.311%	$2.5M	$3.2M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.97	−0.090%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.77	+0.016%	$868	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.44	−0.028%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.27	−0.051%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.53	−0.016%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.94	+0.039%	$796K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	746.80	+0.020%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	746.25	−0.053%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.88	+0.031%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.80	+0.020%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.49	−0.021%	$568K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.52	−0.017%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.22	−0.057%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	746.59	−0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.49	−0.021%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	746.36	−0.038%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.60	−0.006%	$1.6M	$746K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.75	−0.120%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.63	−0.002%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.44	−0.028%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	746.12	−0.071%	$647K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.192%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	746.94	+0.039%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0302%	1h	746.57	−0.011%	$84.7M	$132.2M	20x	as long as short
Hotstuff META-PERPshort	+0.0400%	1h	746.84	+0.026%	$33K	$105	20x
edgeX METAUSDC	+0.0572%	4h	746.25	−0.054%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.41	−0.032%	$797K	$1.5M	20x	as long as short