Funding you earn now, next payment 01:00 UTC+0.0715%/8h= +78.3% APRpaid last 24h +0.077%
Price spread now: edgeX against Ondo Perps+0.246%54s7-day average +0.076% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.386%+$39 on $10k
+Price spread, last 3 days (all we have)−0.195%−$19 · spread now +0.246%, 7d avg +0.076%
=Together, before fees+0.191%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and edgeX is 0.169% dearer against Ondo Perps than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.076%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.386% in total (about 20.1% a year). A funding rate is set anew for every payment. 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 | Ondo Perps META-USD.P | 739.05 | 0.0036 | pay 0.0005% / 1h | 53m 58s | $746K | $4.3M | 10x |
| Short | edgeX METAUSDC | 740.87 | 0.0751 | get 0.0375% / 4h | 3h 53m | $62K | $332K | 10x |
Ondo Perps META-USD.P
edgeX METAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $150.11
- Price spread: +0.246% → +0.076%
- $16.93
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $153.04
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 19 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 edgeX live order book, 19 min ago | 5.19 bp | 9.8 bp −$10 | 11.2 bp −$112 | 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 | 740.04 | +0.134% | $327K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.74 | +0.229% | $461K | $545K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.93 | +0.119% | $549K | $1.6M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.23 | +0.160% | $27.4M | $179.1M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.24 | +0.161% | $7.5M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.91 | +0.116% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.61 | +0.076% | $357K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.90 | +0.115% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.51 | +0.197% | $2.3M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.74 | +0.229% | $12K | $484K | 10x | as long as short |
BloFin META-USDT
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 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 739.79 | +0.100% | $849 | $9.4M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.51 | +0.062% | $106K | $285K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.81 | +0.238% | $2.0M | $7K | 10x | as long as short |
| Nado META-PERP | +0.0014% | 1h | 739.44 | +0.053% | $384K | $334K | 20x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.18 | +0.153% | $758K | $3.1M | 20x | as long as short |
| Ondo Perps META-USD.Plong | +0.0036% | 1h | 739.05 | long leg | $746K | $4.3M | 10x | |
| Vest META-USD-PERP | +0.0046% | 1h | 740.11 | +0.143% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.86 | +0.110% | $178K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.56 | +0.069% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.91 | +0.116% | $24K | $3K | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.73 | +0.092% | $2.2M | $14.2M | 10x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 740.26 | +0.164% | $110K | $331K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0072% | 8h | 739.40 | +0.048% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0072% | 1h | 740.18 | +0.153% | $49K | $77K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.18 | +0.153% | $1.6M | $410K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 740.19 | +0.154% | $166K | $73K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.95 | +0.122% | $1K | $24 | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0102% | 1h | 739.63 | +0.078% | $30K | $253K | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.72 | +0.091% | $266 | — | 10x | as long as short |
| tradeXYZ xyz:META | +0.0120% | 1h | 739.68 | +0.085% | $67.6M | $121.2M | 20x | as long as short |
| Phoenix META | +0.0129% | 1h | 740.67 | +0.219% | $291K | $930K | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 740.11 | +0.143% | $602K | $7.3M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 740.31 | +0.170% | $168K | $46K | 30x | as long as short |
| Lighter META | +0.0248% | 1h | 740.28 | +0.166% | $856K | $2.4M | 20x | as long as short |
| Hotstuff META-PERP | +0.0328% | 1h | 740.08 | +0.139% | $33K | $105 | 20x | as long as short |
| edgeX METAUSDCshort | +0.0751% | 4h | 740.87 | +0.246% | $62K | $332K | 10x |
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
Nado META-PERP
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
QFEX META-USD
Arcus META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Deribit META_USDC-PERPETUAL
Aevo META-PERP
tradeXYZ xyz:META
Phoenix META
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
Hotstuff META-PERP