META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against Orderly−0.008%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	740.49	0.0100	pay 0.0100% / 8h	1h 34m	$1K	$24	10x
Short	Bybit METAUSDT	740.43	0	get 0.0000% / 8h	1h 34m	$7.4M	$13.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$21
Price spread: −0.008% → 0.000%: −$0.81
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.81
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.41 bp	10.4 bp −$10	16.3 bp −$163	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 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	740.24	−0.034%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0068%	1h	740.47	−0.003%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.10	+0.083%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.23	−0.035%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.36	−0.018%	$26.9M	$177.9M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	740.43	−0.008%	$7.4M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.27	−0.030%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.91	−0.078%	$329K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	−0.009%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.63	+0.019%	$1.6M	$2.6M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.67	+0.025%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.46	−0.004%	$666	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.34	−0.020%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.65	−0.113%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	+0.004%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.41	−0.011%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.73	+0.032%	$743K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.05	−0.059%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.11	+0.084%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.36	−0.018%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.55	+0.008%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.36	−0.018%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.27	−0.030%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.13	−0.049%	$666K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	741.00	+0.069%	$49K	$63K	10x	as long as short
edgeX METAUSDC	+0.0058%	4h	740.42	−0.009%	$62K	$330K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.35	−0.019%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	−0.022%	$291K	$791K	20x	as long as short
Lighter META	+0.0080%	1h	740.69	+0.027%	$861K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.47	−0.003%	$1.6M	$361K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.89	−0.081%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	740.49	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	740.36	−0.017%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0115%	1h	740.55	+0.008%	$68.3M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.28	−0.028%	$168K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0248%	1h	740.50	+0.001%	$33K	$105	20x	as long as short