META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.001%

Price spread now: Coinbase International against Ondo Perps+0.031%7-day average −0.018% · you sell dearer than you buy

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

Long on Ondo Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now +0.031%, 7d avg −0.018%

Together, before fees−0.010%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.049% dearer against Ondo Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	741.67	0.0050	pay 0.0006% / 1h	23m 15s	$764K	$4.4M	10x
Short	Coinbase International META-PERP-INTX	741.90	0.0104	get 0.0013% / 1h	23m 15s	$625K	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.031%Rate

Funding earned: $11.26
Price spread: +0.031% → −0.018%: $4.94
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1.19
Costs to cover: 0.150%
Break-even: 6.3 days

Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	0.07 bp	5.1 bp −$5	9.6 bp −$96	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	742.33	+0.089%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0019%	1h	742.19	+0.071%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.39	+0.097%	$468K	$552K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.53	+0.116%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.72	+0.142%	$27.6M	$180.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.60	+0.125%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.54	+0.117%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.18	+0.069%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.53	+0.116%	$5.3M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.05	+0.051%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.87	+0.027%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.73	+0.143%	$979	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.46	+0.107%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.34	+0.090%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.52	+0.115%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.85	+0.159%	$770K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.62	+0.128%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.90	+0.031%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.04	+0.185%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.70	+0.139%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.41	+0.100%	$584K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.59	+0.124%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	741.67	long leg	$764K	$4.4M	10x
Paradex META-USD-PERP	+0.0066%	8h	742.46	+0.107%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	742.48	+0.109%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.62	+0.128%	$1.6M	$548K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.88	+0.028%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.66	+0.133%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.53	+0.116%	$267	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0104%	1h	741.90	+0.031%	$625K	$7.2M	10x
Hotstuff META-PERP	+0.0168%	1h	742.49	+0.111%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.24	+0.077%	$171K	$48K	30x	as long as short
edgeX METAUSDC	+0.0245%	4h	742.15	+0.065%	$62K	$336K	10x	as long as short
Lighter META	+0.0256%	1h	742.80	+0.152%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0286%	1h	742.58	+0.123%	$69.5M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	742.78	+0.150%	$682K	$1.2M	20x	as long as short