META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: QFEX against Ondo Perps+0.092%7-day average +0.055% · you sell dearer than you buy

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

Long on Ondo Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.092%, 7d avg +0.055%

Together, before fees−0.062%+ Points / potential airdropOndo Perps: Active · farm board−$6 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 QFEX is 0.037% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.055%.

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 47s	$746K	$4.3M	10x
Short	QFEX META-USD	739.73	0.0055	get 0.0007% / 1h	53m 47s	$2.2M	$14.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $4.03
Price spread: +0.092% → +0.055%: $3.73
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$7.24
Costs to cover: 0.150%
Break-even: 19.6 days

Slippage unknown: Ondo Perps: no order-book sample; QFEX: live order book, 10 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 QFEX live order book, 10 min ago	1.62 bp	6.6 bp −$7	7.3 bp −$73	17.1 bp −$1,710	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	740.89	+0.249%	$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	740.16	+0.150%	$27.4M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.12	+0.145%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.15	+0.149%	$6.0M	$13.3M	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	740.17	+0.152%	$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

Show 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	740.22	+0.158%	$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-USDshort	+0.0055%	1h	739.73	+0.092%	$2.2M	$14.2M	10x
Arcus META-USD	+0.0063%	1h	740.26	+0.164%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	739.81	+0.103%	—	—	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	+0.0119%	1h	740.00	+0.129%	$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	740.39	+0.181%	$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 METAUSDC	+0.0751%	4h	740.87	+0.246%	$62K	$332K	10x	as long as short