Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.076%
Price spread now: edgeX against Orderly−0.134%71s7-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
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.134% cheaper against Orderly than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 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 | 746.10 | 0.0100 | pay 0.0100% / 8h | 1h 58m | $1K | $24 | 10x |
| Short | edgeX METAUSDC | 745.10 | 0.0058 | get 0.0029% / 4h | 1h 58m | $62K | $342K | 10x |
Orderly PERP_META_USDC_mythos
edgeX METAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$8.81
- Price spread: −0.134% → 0.000%
- −$13.38
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$37.18
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 50 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 edgeX live order book, 50 min ago | 5.16 bp | 9.8 bp −$10 | 11.3 bp −$113 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado META-PERP | −0.0123% | 1h | 746.05 | −0.007% | $483K | $557K | 20x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 745.59 | −0.068% | $331K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.98 | −0.016% | $480K | $592K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.96 | −0.018% | $552K | $2.6M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 746.23 | +0.017% | $27.6M | $184.4M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.93 | −0.023% | $7.3M | $15.2M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 746.35 | +0.034% | $6.1M | $12.6M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.66 | −0.059% | $435K | $6.0M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 746.14 | +0.005% | $5.5M | $12.2M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 745.29 | −0.109% | $2.4M | $3.3M | — | as long as short |
Nado META-PERP
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 METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 745.40 | −0.094% | $12K | $439K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 746.12 | +0.003% | $1K | $8.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 745.75 | −0.047% | $31K | $265K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 746.00 | −0.013% | $106K | $306K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.24 | +0.019% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0031% | 1h | 746.13 | +0.004% | $2.2M | $13.9M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 746.45 | +0.047% | $788K | $2.9M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.21 | −0.119% | $110K | $332K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.39 | +0.039% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 746.39 | +0.039% | $178K | $200K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 745.91 | −0.025% | $587K | $567K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 746.10 | 0.000% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 746.06 | −0.005% | $716K | $5.0M | 10x | as long as short |
| edgeX METAUSDCshort | +0.0058% | 4h | 745.10 | −0.134% | $62K | $342K | 10x | |
| Paradex META-USD-PERP | +0.0065% | 8h | 746.14 | +0.005% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0084% | 1h | 746.39 | +0.039% | $52K | $81K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.99 | −0.015% | $1.6M | $660K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 744.88 | −0.164% | $167K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythoslong | +0.0100% | 8h | 746.10 | long leg | $1K | $24 | 10x | |
| Aevo META-PERP | +0.0104% | 1h | 745.99 | −0.014% | $269 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 745.35 | −0.101% | $670K | $7.9M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 748.03 | +0.259% | $172K | $46K | 30x | as long as short |
| Lighter META | +0.0280% | 1h | 746.53 | +0.058% | $1.1M | $2.7M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0477% | 1h | 746.46 | +0.048% | $76.5M | $126.3M | 20x | as long as short |
| Hotstuff META-PERP | +0.0600% | 1h | 746.38 | +0.038% | $33K | $105 | 20x | as long as short |
| Phoenix META | +0.0685% | 1h | 746.46 | +0.048% | $797K | $1.4M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
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
KuCoin METAUSDTM
ApeX Omni METAUSDT
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
tradeXYZ xyz:META
Hotstuff META-PERP
Phoenix META