META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0428%/8h= +46.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.045%

Price spread now: Phoenix against Nado+0.132%57s7-day average +0.013% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.353% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.153%+$15 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.132%, 7d avg +0.013%

Together, before fees+0.167%+ Points / potential airdropNado: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.120% dearer against Nado than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	740.07	−0.0115	get 0.0014% / 1h	3m 58s	$478K	$549K	20x
Short	Phoenix META	741.05	0.0313	get 0.0039% / 1h	3m 58s	$460K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.132%Rate

Funding earned: $89.81
Price spread: +0.132% → +0.013%: $11.98
Slippage, 4 orders: −$21.3
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $66.49
Costs to cover: 0.353%
Break-even: 1.8 days

Slippage from Nado: live order book, 64 min ago; Phoenix: live order book, 4 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	0.88 bp	5.9 bp −$6	85.8 bp −$858	doesn't fit	doesn't fit
Sell Phoenix live order book, 4 min ago	2.02 bp	8.0 bp −$8	15.2 bp −$152	doesn't fit	doesn't fit

META on 35 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
Nado META-PERPlong	−0.0115%	1h	740.07	long leg	$478K	$549K	20x
Aster METAUSDT	0.0000%	8h	740.81	+0.099%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.40	+0.044%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.57	+0.068%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.51	+0.059%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.45	+0.051%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.31	+0.032%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	+0.047%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.47	+0.053%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.33	+0.035%	$12K	$432K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.31	+0.032%	$890	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.90	−0.023%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.19	+0.016%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.44	+0.050%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.40	+0.045%	$2.2M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.59	+0.070%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.99	−0.011%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.58	+0.069%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.45	+0.051%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.22	+0.020%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.44	+0.050%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.94	−0.018%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	740.29	+0.029%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.87	+0.107%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.47	+0.054%	$1.6M	$496K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.73	−0.046%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.46	+0.053%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.27	+0.027%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.080%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.39	+0.043%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.68	+0.082%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.18	+0.285%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0241%	1h	740.53	+0.062%	$68.3M	$119.7M	20x	as long as short
Phoenix METAshort	+0.0313%	1h	741.05	+0.132%	$460K	$1.1M	20x
edgeX METAUSDC	+0.0925%	4h	740.30	+0.031%	$62K	$335K	10x	as long as short