Funding you earn now, next payment 02:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.049%
Price spread now: Arcus against Ondo Perps−0.003%7-day average +0.055% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.003%, 7d avg +0.055%
=Together, before fees+0.085%+ Points / potential airdropOndo Perps: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Arcus is 0.058% cheaper against Ondo Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.055%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.072%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps META-USD.P | 739.99 | 0.0050 | pay 0.0006% / 1h | 19m 58s | $697K | $4.3M | 10x |
| Short | Arcus META-USD | 739.97 | 0.0040 | get 0.0005% / 1h | 19m 58s | $110K | $330K | 10x |
Ondo Perps META-USD.P
Arcus META-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.13
- Price spread: −0.003% → +0.055%
- −$5.76
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$17.38
- Costs to cover
- 0.095%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 49 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 Arcus live order book, 49 min ago | 2.84 bp | 12.5 bp −$12 | 14.8 bp −$148 | 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 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-PERP | −0.0125% | 1h | 739.71 | −0.038% | $478K | $549K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.50 | +0.069% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.95 | −0.005% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.19 | +0.027% | $27.3M | $179.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.07 | +0.011% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.12 | +0.018% | $5.9M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.04 | +0.007% | $352K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.28 | +0.039% | $5.5M | $11.4M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.21 | +0.030% | $2.3M | $3.1M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.46 | +0.064% | $12K | $433K | 10x | as long as short |
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni META
GRVT META_USDT_PerpShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 740.08 | +0.012% | $608 | $9.2M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.73 | −0.035% | $31K | $244K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.01 | +0.003% | $105K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.79 | +0.108% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 740.21 | +0.030% | $2.2M | $14.0M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.30 | +0.042% | $750K | $3.0M | 20x | as long as short |
| Arcus META-USDshort | +0.0040% | 1h | 739.97 | −0.003% | $110K | $330K | 10x | |
| Vest META-USD-PERP | +0.0046% | 1h | 740.42 | +0.058% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.29 | +0.041% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.13 | +0.019% | $558K | $847K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.21 | +0.030% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.Plong | +0.0050% | 1h | 739.99 | long leg | $697K | $4.3M | 10x | |
| Paradex META-USD-PERP | +0.0057% | 8h | 739.99 | 0.000% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0070% | 1h | 740.89 | +0.121% | $49K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.37 | +0.051% | $1.6M | $485K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.81 | −0.024% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.19 | +0.027% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.06 | +0.010% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 740.66 | +0.091% | $609K | $7.2M | 10x | as long as short |
| Lighter META | +0.0128% | 1h | 740.35 | +0.049% | $860K | $2.4M | 20x | as long as short |
| Hotstuff META-PERP | +0.0136% | 1h | 740.34 | +0.047% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 742.42 | +0.328% | $171K | $48K | 30x | as long as short |
| tradeXYZ xyz:META | +0.0248% | 1h | 740.27 | +0.038% | $68.3M | $120.0M | 20x | as long as short |
| Phoenix META | +0.0313% | 1h | 740.85 | +0.116% | $425K | $1.1M | 20x | as long as short |
| edgeX METAUSDC | +0.0547% | 4h | 740.36 | +0.049% | $62K | $335K | 10x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Lighter META
Hotstuff META-PERP
Injective META/USDC PERP
tradeXYZ xyz:META
Phoenix META
edgeX METAUSDC