META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0662%/8h= −72.5% APRnext payment −$0.83 per $10,000 · paid last 24h −0.040%

Price spread now: Aftermath Perps against Phoenix−0.303%63s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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 −$20 a day on $10k at the current rate, and Aftermath Perps is 0.303% cheaper against Phoenix than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	Phoenix META	748.38	0.0750	pay 0.0094% / 1h	57m 51s	$799K	$1.5M	20x
Short	Aftermath Perps METAUSD	746.11	0.0087	get 0.0011% / 1h	57m 51s	$49K	$91K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phoenix. 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 PhoenixbpFee Aftermath PerpsbpOrdersPrice spread, now −0.303%Rate

Funding earned: −$139.08
Price spread: −0.303% → 0.000%: −$30.27
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$185.35
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 6 min ago; Aftermath Perps: no order-book sample. 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 Phoenix live order book, 6 min ago	2.27 bp	8.5 bp −$9	16.5 bp −$165	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	745.35	−0.405%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.00	−0.318%	$480K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.62	−0.369%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.66	−0.363%	$25.4M	$189.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.32	−0.409%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.57	−0.375%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.70	−0.358%	$476K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.43	−0.394%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	747.50	−0.117%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.70	−0.091%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.53	−0.381%	$571	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.37	−0.402%	$53K	$293K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.01	−0.317%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.93	−0.327%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0027%	1h	744.76	−0.484%	$481K	$560K	20x	as long as short
QFEX META-USD	+0.0036%	1h	745.01	−0.450%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.88	−0.468%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.68	−0.361%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.60	−0.505%	$566K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.50	−0.385%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.30	−0.412%	$729K	$5.2M	10x	as long as short
Popdex METAUSDT	+0.0056%	1h	745.25	−0.418%	$177K	$202K	20x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	744.97	−0.455%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0087%	1h	746.11	−0.303%	$49K	$91K	10x
Pacifica META	+0.0100%	1h	745.33	−0.407%	$632	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.09	−0.306%	$1.6M	$736K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.64	−0.233%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.82	−0.342%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.63	−0.367%	$268	—	10x	as long as short
Lighter RH META	+0.0120%	1h	746.19	−0.293%	$796K	$2.9M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	745.16	−0.430%	$642K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	−0.250%	$176K	$52K	30x	as long as short
Lighter META	+0.0328%	1h	746.34	−0.273%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0466%	1h	745.58	−0.374%	$84.6M	$132.8M	20x	as long as short
Hotstuff META-PERP	+0.0552%	1h	745.42	−0.396%	$33K	$105	20x	as long as short
Phoenix METAlong	+0.0750%	1h	748.38	long leg	$799K	$1.5M	20x
edgeX METAUSDC	+0.0907%	4h	746.95	−0.192%	$62K	$345K	10x	as long as short