Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.035%
Price spread now: BloFin against Orderly−0.023%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.023% cheaper against Orderly than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_META_USDC_mythos | 745.94 | 0.0100 | pay 0.0100% / 8h | 22m 20s | $1K | $24 | 10x |
| Short | BloFin META-USDT | 745.77 | −0.0120 | pay 0.0120% / 8h | 22m 20s | $333K | $1.1M | 20x |
Orderly PERP_META_USDC_mythos
BloFin META-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. 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
- −$46.2
- Price spread: −0.023% → 0.000%
- −$2.28
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$66.48
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 5 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 5 min ago | 0.07 bp | 7.0 bp −$7 | 10.6 bp −$106 | doesn't fit | doesn't fit |
Orderly: 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-USDTshort | −0.0120% | 8h | 745.77 | −0.023% | $333K | $1.1M | 20x | |
| Deribit META_USDC-PERPETUAL | −0.0005% | 1h | 745.38 | −0.075% | $34K | $276K | 10x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.60 | −0.046% | $479K | $593K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.74 | −0.027% | $548K | $3.4M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 745.89 | −0.007% | $25.2M | $188.5M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.84 | −0.013% | $7.5M | $15.3M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.95 | +0.001% | $6.0M | $12.7M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.32 | −0.083% | $467K | $6.2M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 745.63 | −0.042% | $5.5M | $12.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 745.59 | −0.047% | $2.4M | $3.1M | — | as long as short |
Deribit META_USDC-PERPETUAL
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.07 | +0.018% | $12K | $438K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.91 | −0.004% | $974 | $8.0M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.48 | −0.062% | $107K | $311K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 745.83 | −0.015% | $2.0M | $8K | 10x | as long as short |
| Nado META-PERP | +0.0016% | 1h | 745.56 | −0.050% | $480K | $560K | 20x | as long as short |
| QFEX META-USD | +0.0031% | 1h | 745.60 | −0.046% | $2.2M | $14.1M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 746.06 | +0.016% | $789K | $3.1M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.45 | −0.066% | $112K | $339K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.34 | +0.054% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 745.84 | −0.013% | $177K | $203K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 745.59 | −0.047% | $567K | $624K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 745.86 | −0.011% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.01 | −0.125% | $747K | $5.1M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0054% | 8h | 745.73 | −0.028% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0087% | 1h | 746.55 | +0.082% | $48K | $91K | 10x | as long as short |
| Pacifica META | +0.0100% | 1h | 745.77 | −0.023% | $48 | $307 | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.69 | −0.034% | $1.6M | $720K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.32 | −0.083% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythoslong | +0.0100% | 8h | 745.94 | long leg | $1K | $24 | 10x | |
| Aevo META-PERP | +0.0104% | 1h | 745.76 | −0.025% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 745.74 | −0.027% | $643K | $7.9M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 753.38 | +0.997% | $176K | $48K | 30x | as long as short |
| Lighter META | +0.0440% | 1h | 746.20 | +0.035% | $1.1M | $2.9M | 20x | as long as short |
| Hotstuff META-PERP | +0.0480% | 1h | 746.29 | +0.047% | $33K | $105 | 20x | as long as short |
| tradeXYZ xyz:META | +0.0565% | 1h | 746.48 | +0.072% | $82.1M | $130.3M | 20x | as long as short |
| Phoenix META | +0.0750% | 1h | 746.92 | +0.131% | $797K | $1.5M | 20x | as long as short |
| edgeX METAUSDC | +0.0922% | 4h | 745.81 | −0.018% | $62K | $344K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
Nado META-PERP
QFEX META-USD
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Pacifica META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
Hotstuff META-PERP
tradeXYZ xyz:META
Phoenix META
edgeX METAUSDC