META

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.030%

Price spread now: Hotstuff against Phoenix+0.057%53s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hotstuff is 0.057% dearer against Phoenix than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	740.33	0.0065	pay 0.0008% / 1h	35m 43s	$291K	$791K	20x
Short	Hotstuff META-PERP	740.75	0.0072	get 0.0009% / 1h	35m 43s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.057%Rate

Funding earned: $1.51
Price spread: +0.057% → 0.000%: $5.67
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$4.82
Costs to cover: 0.120%
Break-even: 29.4 days

Slippage unknown: Phoenix: live order book, 47 min ago; Hotstuff: 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, 47 min ago	2.16 bp	8.2 bp −$8	15.8 bp −$158	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	740.63	+0.041%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0060%	1h	740.51	+0.025%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.15	+0.110%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.45	+0.017%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.59	+0.035%	$26.9M	$177.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.56	+0.031%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.79	+0.062%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.23	−0.014%	$330K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.62	+0.039%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.36	+0.004%	$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	740.44	+0.015%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.86	+0.072%	$856	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.51	+0.024%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.22	−0.015%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	+0.026%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.41	+0.011%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.01	+0.092%	$744K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.35	+0.003%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.08	+0.101%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.50	+0.023%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.61	+0.038%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.55	+0.030%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.49	+0.021%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.24	−0.012%	$666K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	740.87	+0.073%	$49K	$63K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.35	+0.003%	$607K	$7.3M	10x	as long as short
Phoenix METAlong	+0.0065%	1h	740.33	long leg	$291K	$791K	20x
Hotstuff META-PERPshort	+0.0072%	1h	740.75	+0.057%	$33K	$105	20x
Lighter META	+0.0088%	1h	741.01	+0.092%	$862K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.57	+0.032%	$1.6M	$360K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.89	−0.059%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.64	+0.042%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.42	+0.012%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0122%	1h	740.77	+0.059%	$68.4M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.94	−0.053%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0892%	4h	740.33	0.000%	$62K	$330K	10x	as long as short