META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: HTX against Orderly−0.042%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 HTX

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 HTX is 0.042% cheaper against Orderly than usual: you would sell low and buy high (−$4 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	746.11	0.0100	pay 0.0100% / 8h	59m 55s	$1K	$24	10x
Short	HTX META-USDT	745.80	0	get 0.0000% / 8h	59m 55s	$106K	$309K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$21
Price spread: −0.042% → 0.000%: −$4.15
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$43.15
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 42 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 HTX live order book, 42 min ago	2.68 bp	8.7 bp −$9	10.7 bp −$107	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-USDT	−0.0120%	8h	745.84	−0.036%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0026%	1h	745.22	−0.120%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.92	−0.025%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.93	−0.024%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.05	−0.008%	$24.9M	$188.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.06	−0.007%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.33	+0.029%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.55	−0.075%	$463K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.71	−0.054%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.62	−0.065%	$2.4M	$3.1M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.66	−0.061%	$12K	$436K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.91	−0.027%	$973	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.95	−0.021%	$34K	$275K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	745.80	−0.042%	$106K	$309K	30x
Phemex METAUSDT	0.0000%	4h	745.99	−0.016%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.69	−0.056%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.57	+0.062%	$787K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.33	−0.105%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.27	+0.021%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.87	−0.032%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.72	−0.052%	$565K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.88	−0.031%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.05	−0.142%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	745.46	−0.087%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.34	+0.031%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.83	−0.038%	$1.6M	$702K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.02	−0.146%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	746.11	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	746.05	−0.008%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.25	−0.115%	$649K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.145%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	746.01	−0.013%	$33K	$105	20x	as long as short
Lighter META	+0.0392%	1h	746.31	+0.027%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0495%	1h	746.50	+0.052%	$78.8M	$128.3M	20x	as long as short
edgeX METAUSDC	+0.0528%	4h	745.48	−0.084%	$62K	$345K	10x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.050%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.36	−0.101%	$13	$106	10x	as long as short