META

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0129%/8h= −14.2% APRnext payment −$0.16 per $10,000 · paid last 24h +0.095%

Price spread now: Extended against Phoenix−0.014%68s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$280.276% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.014%, 7d avg −0.003%

Together, before fees−0.102%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 68 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	743.03	0.0129	pay 0.0016% / 1h	50m 12s	$292K	$797K	20x
Short	Extended META_24_5-USD	742.93	0	get 0.0000% / 1h	50m 12s	$549K	$1.6M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$27.16
Price spread: −0.014% → −0.003%: −$1.11
Slippage, 4 orders: −$15.63
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$55.9
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Phoenix: live order book, 28 min ago; Extended: live order book, 3 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 Phoenix live order book, 28 min ago	2.29 bp	8.5 bp −$8	16.4 bp −$164	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.14 bp	5.6 bp −$6	28.4 bp −$284	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	743.07	+0.005%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	742.86	−0.023%	$391K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.91	−0.016%	$459K	$536K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	742.93	−0.014%	$549K	$1.6M	17x
Binance METAUSDT	0.0000%	8h	743.07	+0.005%	$27.2M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.03	0.000%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.20	+0.023%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.64	−0.052%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.00	−0.004%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.97	−0.008%	$2.3M	$3.2M	—	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	743.03	0.000%	$12K	$485K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.80	−0.031%	$869	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.84	−0.026%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.80	−0.031%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.09	+0.008%	$2.0M	$7K	10x	as long as short
edgeX METAUSDC	+0.0022%	4h	742.87	−0.022%	$62K	$331K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.06	+0.004%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.39	+0.048%	$759K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.63	−0.054%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.47	+0.059%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.06	+0.004%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.09	+0.008%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.05	+0.003%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.34	−0.093%	$782K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	742.95	−0.011%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	743.52	+0.066%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.034%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.83	−0.027%	$1.6M	$376K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.77	−0.035%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.08	+0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.94	−0.012%	$267	—	10x	as long as short
Phoenix METAlong	+0.0129%	1h	743.03	long leg	$292K	$797K	20x
Hotstuff META-PERP	+0.0136%	1h	743.22	+0.026%	$33K	$105	20x	as long as short
Lighter META	+0.0168%	1h	743.32	+0.039%	$864K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0215%	1h	743.25	+0.030%	$67.5M	$122.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.040%	$169K	$46K	30x	as long as short