META

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1650%/8h= −180.7% APRnext payment −$2.06 per $10,000 · paid last 24h −0.028%

Price spread now: Hotstuff against Ondo Perps+0.106%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.106% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	735.13	0.0050	pay 0.0006% / 1h	10m 39s	$724K	$5.1M	10x
Short	Hotstuff META-PERP	735.91	−0.1600	pay 0.0200% / 1h	10m 39s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$346.58
Price spread: +0.106% → 0.000%: $10.61
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$345.97
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Hotstuff: no order-book sample. 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 Hotstuff no order-book sample	—	—	—	—	—

Ondo Perps and Hotstuff: 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 37 exchanges

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
Hotstuff META-PERPshort	−0.1600%	1h	735.91	+0.106%	$33K	$105	20x
BloFin META-USDT	−0.0120%	8h	736.18	+0.143%	$291K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	736.93	+0.245%	$486K	$656K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	735.89	+0.104%	$543K	$3.9M	17x	as long as short
Binance METAUSDT	0.0000%	8h	736.15	+0.139%	$24.6M	$191.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	736.17	+0.141%	$7.5M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	736.04	+0.124%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	735.68	+0.075%	$484K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	736.12	+0.135%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	735.79	+0.090%	$2.7M	$3.3M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	736.20	+0.146%	$12K	$421K	10x	as long as short
SunX META-USDT	0.0000%	8h	736.25	+0.152%	$907	$6.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	736.05	+0.125%	$108K	$315K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	736.96	+0.249%	$2.0M	$10K	10x	as long as short
Lighter RH META	+0.0032%	1h	736.38	+0.170%	$914K	$2.9M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	736.14	+0.137%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	736.16	+0.140%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	735.68	+0.075%	$554K	$570K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	736.09	+0.131%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	735.13	long leg	$724K	$5.1M	10x
QFEX META-USD	+0.0056%	1h	736.02	+0.121%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	735.83	+0.095%	—	—	5x	as long as short
Nado META-PERP	+0.0076%	1h	735.61	+0.066%	$478K	$546K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0076%	1h	735.85	+0.098%	$36K	$199K	10x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	736.53	+0.191%	$53K	$84K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	735.74	+0.083%	$666K	$7.3M	10x	as long as short
Pacifica META	+0.0100%	1h	735.59	+0.062%	$605	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	736.17	+0.141%	$1.6M	$977K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	735.94	+0.110%	$165K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	736.19	+0.144%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	736.01	+0.120%	$265	—	10x	as long as short
Arcus META-USD	+0.0209%	1h	735.70	+0.078%	$112K	$293K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	738.12	+0.407%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0290%	1h	736.05	+0.125%	$86.3M	$136.9M	20x	as long as short
Lighter META	+0.0392%	1h	736.43	+0.177%	$1.5M	$3.2M	20x	as long as short
Phoenix META	+0.0626%	1h	737.62	+0.339%	$787K	$1.6M	20x	as long as short
edgeX METAUSDC	+0.0724%	4h	736.16	+0.140%	$62K	$349K	10x	as long as short