META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0544%/8h= +59.5% APRnext payment +$0.68 per $10,000 · paid last 24h +0.052%

Price spread now: tradeXYZ against Nado+0.081%7-day average +0.009% · 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−$29as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Nado Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.186%+$19 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.081%, 7d avg +0.009%

Together, before fees+0.198%+ Points / potential airdropNado: Active · tradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and tradeXYZ is 0.072% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.009%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.186% in total (about 19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	744.87	−0.0021	get 0.0003% / 1h	39m 09s	$482K	$559K	20x
Short	tradeXYZ xyz:META	745.47	0.0523	get 0.0065% / 1h	39m 09s	$77.1M	$127.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.081%Rate

Funding earned: $114.18
Price spread: +0.081% → +0.009%: $7.16
Slippage, 4 orders: −$10.9
Fee Nado: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $85.44
Costs to cover: 0.359%
Break-even: 1.8 days

Slippage from Nado: live order book, 4 min ago; tradeXYZ: 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, 4 min ago	0.87 bp	11.5 bp −$11	95.8 bp −$958	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.27 bp	9.8 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit

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	745.09	+0.030%	$334K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0112%	1h	744.55	−0.043%	$34K	$274K	10x	as long as short
Nado META-PERPlong	−0.0021%	1h	744.87	long leg	$482K	$559K	20x
Aster METAUSDT	0.0000%	8h	745.67	+0.107%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.92	+0.008%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.10	+0.031%	$25.2M	$187.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.02	+0.020%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.08	+0.028%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.52	−0.047%	$458K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.00	+0.018%	$5.5M	$12.3M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	745.20	+0.045%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.38	+0.069%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.87	0.000%	$740	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.90	+0.004%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.27	+0.054%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.89	+0.003%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.49	+0.083%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.87	0.000%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.56	+0.093%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.10	+0.031%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.80	−0.009%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.08	+0.028%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.44	−0.058%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	745.05	+0.024%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	745.93	+0.143%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.26	+0.053%	$1.6M	$675K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.58	−0.039%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.08	+0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.97	+0.014%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	+0.075%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.506%	$173K	$46K	30x	as long as short
Lighter META	+0.0384%	1h	745.64	+0.104%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0400%	1h	745.54	+0.090%	$33K	$105	20x	as long as short
tradeXYZ xyz:METAshort	+0.0523%	1h	745.47	+0.081%	$77.1M	$127.2M	20x
Phoenix META	+0.0739%	1h	746.43	+0.210%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0790%	4h	745.22	+0.047%	$62K	$342K	10x	as long as short
Pacifica META	+0.0800%	1h	744.88	+0.001%	—	—	—	as long as short