META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0700%/8h= −76.6% APRnext payment −$0.87 per $10,000 · paid last 24h −0.065%

Price spread now: SoDEX against Phoenix−0.131%70s7-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 SoDEX

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—needs both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and SoDEX is 0.131% cheaper against Phoenix than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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	747.41	0.0750	pay 0.0094% / 1h	18m 12s	$798K	$1.5M	20x
Short	SoDEX META-USD	746.43	0.0050	get 0.0006% / 1h	18m 12s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$146.9
Price spread: −0.131% → 0.000%: −$13.11
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$175.01
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 5 min ago; SoDEX: 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, 5 min ago	1.07 bp	5.6 bp −$6	17.0 bp −$170	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	746.44	−0.130%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.01	−0.188%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.16	−0.167%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.39	−0.136%	$25.2M	$188.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.04	−0.183%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.51	−0.120%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.86	−0.207%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.09	−0.177%	$5.6M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	747.09	−0.042%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.30	−0.015%	$13K	$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	746.40	−0.135%	$1K	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.84	−0.210%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.23	−0.158%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.39	−0.136%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0012%	1h	746.11	−0.173%	$481K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.24	−0.157%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.60	−0.108%	$790K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.06	−0.181%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.87	−0.072%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.39	−0.136%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.96	−0.194%	$567K	$624K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	746.43	−0.131%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	745.77	−0.219%	$731K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	746.31	−0.147%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.07	−0.046%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.41	−0.134%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.20	−0.162%	$1.6M	$722K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.30	−0.282%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.30	−0.149%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.21	−0.160%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.24	−0.157%	$644K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.38	+0.799%	$176K	$48K	30x	as long as short
Lighter META	+0.0432%	1h	746.75	−0.088%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0452%	4h	745.57	−0.246%	$62K	$344K	10x	as long as short
Hotstuff META-PERP	+0.0488%	1h	746.95	−0.062%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0567%	1h	746.88	−0.071%	$82.3M	$130.5M	20x	as long as short
Phoenix METAlong	+0.0750%	1h	747.41	long leg	$798K	$1.5M	20x