META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0248%/8h= +27.1% APRnext payment +$1.24 per $10,000 · paid last 24h +0.097%

Price spread now: edgeX against Phemex−0.103%78s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1121.120% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.505%+$50 on $10k

Price spread, last 3 days (all we have)−0.055%−$6 · spread now −0.103%, 7d avg −0.036%

Together, before fees+0.450%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.066% cheaper against Phemex than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.036%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$7 a day). The two prices were read 78 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	Phemex METAUSDT	741.80	0	get 0.0000% / 4h	1h 13m	$2.0M	$7K	10x
Short	edgeX METAUSDC	741.04	0.0248	get 0.0124% / 4h	1h 13m	$62K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $52.03
Price spread: −0.103% → −0.036%: −$6.64
Slippage, 4 orders: −$90.98
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$66.6
Costs to cover: 1.120%
Break-even: 16.0 days

Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 4 min ago.

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 Phemex live order book, 4 min ago	0.94 bp	43.1 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	5.13 bp	9.7 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

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	741.24	−0.075%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0073%	1h	741.00	−0.108%	$395K	$325K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	−0.005%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.89	+0.012%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.04	+0.033%	$26.9M	$178.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.88	+0.011%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.00	+0.027%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.28	−0.070%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.93	+0.018%	$5.8M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	741.01	−0.106%	$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	741.11	−0.093%	$12K	$500K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.30	−0.067%	$747	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.48	−0.043%	$107K	$286K	30x	as long as short
Phemex METAUSDTlong	0.0000%	4h	741.80	long leg	$2.0M	$7K	10x
QFEX META-USD	+0.0003%	1h	741.20	−0.081%	$2.2M	$14.3M	10x	as long as short
Hotstuff META-PERP	+0.0024%	1h	741.38	−0.057%	$33K	$105	20x	as long as short
Lighter RH META	+0.0032%	1h	742.00	+0.027%	$752K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.01	−0.106%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.73	−0.009%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.60	−0.027%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.41	−0.053%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.38	−0.057%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.10	−0.094%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.12	−0.092%	$648K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0056%	1h	742.02	+0.030%	$50K	$65K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	741.59	−0.028%	$607K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.19	−0.082%	$291K	$791K	20x	as long as short
Lighter META	+0.0072%	1h	741.99	+0.026%	$863K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.17	−0.085%	$1.6M	$367K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.87	−0.125%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.43	−0.050%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.22	−0.078%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0118%	1h	741.92	+0.016%	$67.4M	$121.8M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.35	+0.209%	$169K	$46K	30x	as long as short
edgeX METAUSDCshort	+0.0248%	4h	741.04	−0.103%	$62K	$332K	10x
Deribit META_USDC-PERPETUAL	+0.0290%	1h	741.40	−0.054%	$30K	$256K	10x	as long as short