META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.005%

Price spread now: QFEX against Nado+0.028%7-day average +0.034% · 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−$38as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Nado Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 3 days (all we have)+0.110%+$11 · spread now +0.028%, 7d avg +0.034%

Together, before fees+0.194%+ Points / potential airdropNado: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	739.78	0.0016	pay 0.0002% / 1h	53m 31s	$384K	$334K	20x
Short	QFEX META-USD	739.99	0.0055	get 0.0007% / 1h	53m 31s	$2.2M	$14.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $8.24
Price spread: +0.028% → +0.034%: −$0.57
Slippage, 4 orders: −$20.28
Fee Nado: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.61
Costs to cover: 0.373%
Break-even: 32.1 days

Slippage from Nado: live order book, 19 min ago; QFEX: live order book, 11 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, 19 min ago	0.41 bp	13.5 bp −$14	26.4 bp −$264	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.62 bp	6.6 bp −$7	7.3 bp −$73	17.1 bp −$1,710	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	740.04	+0.035%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.87	+0.147%	$461K	$545K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.01	+0.031%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.17	+0.052%	$27.4M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.16	+0.051%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.20	+0.056%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.94	+0.021%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.04	+0.035%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	+0.098%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.74	+0.129%	$12K	$484K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	739.79	+0.001%	$849	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.51	−0.037%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.81	+0.139%	$2.0M	$7K	10x	as long as short
Nado META-PERPlong	+0.0016%	1h	739.78	long leg	$384K	$334K	20x
Lighter RH META	+0.0032%	1h	740.22	+0.059%	$758K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.31	+0.071%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.21	+0.058%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.56	−0.030%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.91	+0.017%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.36	−0.057%	$746K	$4.3M	10x	as long as short
QFEX META-USDshort	+0.0055%	1h	739.99	+0.028%	$2.2M	$14.2M	10x
Hotstuff META-PERP	+0.0056%	1h	739.80	+0.002%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0063%	1h	740.08	+0.040%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	739.81	+0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	740.18	+0.054%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.36	+0.078%	$1.6M	$410K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.19	+0.055%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.95	+0.023%	$1K	$24	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0102%	1h	739.63	−0.021%	$30K	$253K	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.72	−0.008%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0119%	1h	740.00	+0.029%	$67.6M	$121.2M	20x	as long as short
Phoenix META	+0.0129%	1h	740.67	+0.120%	$291K	$930K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	+0.044%	$602K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	+0.071%	$168K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.39	+0.082%	$856K	$2.4M	20x	as long as short
edgeX METAUSDC	+0.0751%	4h	740.87	+0.146%	$62K	$332K	10x	as long as short