Funding you earn now, next payment 10:00 UTC+0.0298%/8h= +32.6% APRnext payment +$0.37 per $10,000 · paid last 24h +0.044%
Price spread now: tradeXYZ against Ondo Perps−0.003%7-day average +0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 7 days−0.110%−$11 · spread now −0.003%, 7d avg +0.042%
=Together, before fees−0.022%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.045% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.042%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.089% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. 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 | 744.75 | 0.0050 | pay 0.0006% / 1h | 55m 26s | $741K | $5.0M | 10x |
| Short | tradeXYZ xyz:META | 744.73 | 0.0348 | get 0.0044% / 1h | 55m 26s | $86.4M | $134.8M | 20x |
Ondo Perps META-USD.P
tradeXYZ xyz:METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $62.53
- Price spread: −0.003% → +0.042%
- −$4.48
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $35.05
- Costs to cover
- 0.230%
- Break-even
- 3.1 days
Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago | 0.40 bp | 10.1 bp −$10 | doesn't fit | 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 37 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 | 745.62 | +0.117% | $335K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.20 | +0.060% | $490K | $628K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 744.29 | −0.061% | $546K | $3.3M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 744.43 | −0.043% | $25.8M | $192.3M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 744.57 | −0.024% | $7.7M | $15.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 744.58 | −0.023% | $6.1M | $13.0M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 744.28 | −0.063% | $447K | $6.4M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 744.38 | −0.050% | $5.7M | $12.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 745.38 | +0.085% | $2.5M | $3.0M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 745.62 | +0.117% | $12K | $438K | 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 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 745.39 | +0.086% | $786 | $7.6M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 744.10 | −0.087% | $36K | $269K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.32 | +0.077% | $108K | $300K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 745.45 | +0.094% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 745.38 | +0.085% | $813K | $2.8M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 744.83 | +0.011% | $111K | $315K | 10x | as long as short |
| QFEX META-USD | +0.0041% | 1h | 745.04 | +0.039% | $2.2M | $14.1M | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 744.90 | +0.020% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 745.16 | +0.055% | $179K | $205K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 744.83 | +0.011% | $566K | $609K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 744.62 | −0.017% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.Plong | +0.0050% | 1h | 744.75 | long leg | $741K | $5.0M | 10x | |
| Paradex META-USD-PERP | +0.0063% | 8h | 744.99 | +0.033% | — | — | 5x | as long as short |
| Nado META-PERP | +0.0076% | 1h | 744.05 | −0.094% | $478K | $559K | 20x | as long as short |
| Aftermath Perps METAUSD | +0.0078% | 1h | 745.11 | +0.049% | $51K | $91K | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0096% | 1h | 744.98 | +0.031% | $641K | $7.8M | 10x | as long as short |
| Pacifica META | +0.0100% | 1h | 745.35 | +0.081% | $608 | $2K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.17 | +0.056% | $1.6M | $803K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 744.91 | +0.021% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 744.55 | −0.027% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 744.44 | −0.042% | $268 | — | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 746.33 | +0.212% | $176K | $52K | 30x | as long as short |
| Hotstuff META-PERP | +0.0280% | 1h | 745.33 | +0.078% | $33K | $105 | 20x | as long as short |
| Lighter META | +0.0288% | 1h | 745.52 | +0.103% | $1.2M | $2.6M | 20x | as long as short |
| tradeXYZ xyz:METAshort | +0.0348% | 1h | 744.73 | −0.003% | $86.4M | $134.8M | 20x | |
| edgeX METAUSDC | +0.0473% | 4h | 745.31 | +0.076% | $63K | $346K | 10x | as long as short |
| Phoenix META | +0.0791% | 1h | 746.65 | +0.255% | $797K | $1.5M | 20x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Arcus META-USD
QFEX META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Paradex META-USD-PERP
Nado META-PERP
Aftermath Perps METAUSD
Coinbase International META-PERP-INTX
Pacifica META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Injective META/USDC PERP
Hotstuff META-PERP
Lighter META
edgeX METAUSDC
Phoenix META