META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%

Price spread now: ApeX Omni against Ondo Perps+0.128%52s7-day average +0.039% · you sell dearer than you buy

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

Long on Ondo Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.128%, 7d avg +0.039%

Together, before fees−0.044%+ Points / potential airdropOndo Perps: Active · farm board−$4 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 ApeX Omni is 0.088% dearer against Ondo Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.039%. The two prices were read 52 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	Ondo Perps META-USD.P	744.74	0.0050	pay 0.0006% / 1h	24m 23s	$786K	$4.6M	10x
Short	ApeX Omni METAUSDT	745.69	0.0100	get 0.0013% / 1h	24m 23s	$167K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Ondo Perps. 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 Ondo PerpsbpFee ApeX OmnibpOrdersPrice spread, now +0.128%Rate

Funding earned: $10.42
Price spread: +0.128% → +0.039%: $8.81
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $4.22
Costs to cover: 0.150%
Break-even: 4.2 days

Slippage unknown: Ondo Perps: no order-book sample; ApeX Omni: live order book, 27 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 27 min ago	2.62 bp	30.2 bp −$30	624.6 bp −$6,246	doesn't fit	doesn't fit

Ondo Perps: 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 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	745.95	+0.162%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.11	+0.184%	$470K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.71	+0.130%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.87	+0.152%	$28.5M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.89	+0.154%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.85	+0.149%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.29	+0.074%	$379K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	745.90	+0.155%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.71	+0.265%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.55	+0.109%	$778	$9.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.50	+0.102%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.41	+0.090%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.90	+0.156%	$2.0M	$8K	10x	as long as short
Nado META-PERP	0.0000%	1h	745.41	+0.090%	$482K	$554K	20x	as long as short
Bitget METAUSDT	+0.0009%	8h	745.52	+0.105%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.04	+0.175%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.68	+0.126%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.08	+0.180%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.66	+0.124%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.80	+0.142%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	744.74	long leg	$786K	$4.6M	10x
Paradex META-USD-PERP	+0.0057%	8h	745.67	+0.124%	—	—	5x	as long as short
QFEX META-USD	+0.0058%	1h	745.89	+0.154%	$2.2M	$13.8M	10x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.96	+0.164%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.96	+0.164%	$1.6M	$615K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	745.69	+0.128%	$167K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.87	+0.152%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.77	+0.138%	$268	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	745.89	+0.154%	$180K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.24	+0.067%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.39	+0.222%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	745.40	+0.089%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	746.01	+0.171%	$866K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0324%	1h	745.82	+0.145%	$70.4M	$121.0M	20x	as long as short
Phoenix META	+0.0633%	1h	746.69	+0.262%	$797K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0637%	4h	746.10	+0.183%	$62K	$337K	10x	as long as short