Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.035%
Price spread now: Injective against Orderly−0.171%58s7-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
Funding pays, the price is against you. Injective is 0.171% cheaper against Orderly than usual: you would sell low and buy high (spread −0.171% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 4.8 days of funding at the current rate (+$4 a day). The two prices were read 58 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 | 742.62 | 0.0100 | pay 0.0100% / 8h | 4h 44m | $1K | $24 | 10x |
| Short | Injective META/USDC PERP | 741.35 | 0.0220 | get 0.0028% / 1h | 44m 22s | $171K | $48K | 30x |
Orderly PERP_META_USDC_mythos
Injective META/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $25.2
- Price spread: −0.171% → 0.000%
- −$17.1
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $2.08
- Costs to cover
- 0.060%
- Break-even
- 6.4 days
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 14 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 Injective live order book, 14 min ago | 17.52 bp | 41.9 bp −$42 | doesn't fit | 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 | 742.25 | −0.050% | $330K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0049% | 1h | 742.20 | −0.056% | $480K | $553K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 742.42 | −0.028% | $466K | $551K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 742.52 | −0.014% | $548K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 742.52 | −0.013% | $27.5M | $180.4M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 742.28 | −0.046% | $7.5M | $13.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 742.41 | −0.028% | $6.0M | $13.5M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 742.17 | −0.061% | $364K | $5.7M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 742.49 | −0.018% | $5.4M | $11.7M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 742.05 | −0.076% | $2.4M | $3.1M | — | as long as short |
BloFin META-USDT
Nado META-PERP
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 | 743.01 | +0.053% | $12K | $434K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 742.32 | −0.040% | $596 | $9.1M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 741.85 | −0.104% | $31K | $245K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 742.14 | −0.065% | $106K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 742.83 | +0.028% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 742.81 | +0.026% | $766K | $3.0M | 20x | as long as short |
| QFEX META-USD | +0.0036% | 1h | 742.42 | −0.027% | $2.1M | $13.7M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 742.10 | −0.070% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 742.68 | +0.008% | — | $10K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 742.57 | −0.007% | $179K | $199K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 742.39 | −0.031% | $559K | $540K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 742.11 | −0.069% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 741.82 | −0.108% | $701K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0061% | 8h | 742.50 | −0.016% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0079% | 1h | 743.15 | +0.071% | $51K | $82K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 742.74 | +0.016% | $1.6M | $535K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 741.47 | −0.155% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythoslong | +0.0100% | 8h | 742.62 | long leg | $1K | $24 | 10x | |
| Aevo META-PERP | +0.0104% | 1h | 742.40 | −0.030% | $267 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 742.02 | −0.081% | $614K | $7.2M | 10x | as long as short |
| Hotstuff META-PERP | +0.0128% | 1h | 741.79 | −0.112% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERPshort | +0.0220% | 1h | 741.35 | −0.171% | $171K | $48K | 30x | |
| Lighter META | +0.0224% | 1h | 742.74 | +0.016% | $859K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0262% | 1h | 742.47 | −0.020% | $69.4M | $120.4M | 20x | as long as short |
| Phoenix META | +0.0591% | 1h | 743.92 | +0.175% | $635K | $1.2M | 20x | as long as short |
| edgeX METAUSDC | +0.0605% | 4h | 742.41 | −0.028% | $62K | $338K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
QFEX META-USD
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
Hotstuff META-PERP
Lighter META
tradeXYZ xyz:META
Phoenix META
edgeX METAUSDC