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 −0.029%

Price spread now: Gate against Orderly−0.085%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 Gate

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.085% cheaper against Orderly than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	741.29	0.0100	pay 0.0100% / 8h	1m 53s	$1K	$24	10x
Short	Gate META_USDT	740.66	0	get 0.0000% / 8h	1m 53s	$344K	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.085%Rate

Funding earned: −$21
Price spread: −0.085% → 0.000%: −$8.5
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.5
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	1.55 bp	15.0 bp −$15	32.8 bp −$328	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	741.35	+0.008%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.49	+0.026%	$457K	$545K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.97	−0.044%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.08	−0.028%	$27.5M	$180.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.71	−0.078%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.10	−0.026%	$6.0M	$13.2M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	740.66	−0.085%	$344K	$5.5M	100x
Bitget METAUSDT	0.0000%	8h	741.01	−0.038%	$5.6M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	741.49	+0.028%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.63	+0.045%	$12K	$483K	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	741.08	−0.028%	$991	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.99	−0.040%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.53	+0.032%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0020%	1h	740.52	−0.104%	$384K	$332K	20x	as long as short
QFEX META-USD	+0.0027%	1h	741.11	−0.024%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.21	−0.011%	$761K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.65	−0.086%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.14	−0.020%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.09	−0.027%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.02	−0.036%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.98	−0.042%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.36	−0.125%	$758K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	740.96	−0.045%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.62	+0.045%	$50K	$76K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0088%	1h	740.70	−0.080%	$30K	$258K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.35	+0.008%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.98	−0.042%	$1.6M	$405K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.67	−0.084%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	741.29	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	741.11	−0.024%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.30	+0.001%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0176%	1h	740.99	−0.040%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.21	+0.259%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0267%	1h	740.85	−0.059%	$67.8M	$122.7M	20x	as long as short
Lighter META	+0.0280%	1h	741.32	+0.004%	$859K	$2.6M	20x	as long as short
edgeX METAUSDC	+0.0660%	4h	741.52	+0.031%	$62K	$333K	10x	as long as short