META

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.043%

Price spread now: Vest against Phoenix+0.011%58s7-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 Vest

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 airdropVest: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 58 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	741.53	0.0129	pay 0.0016% / 1h	24m 11s	$291K	$797K	20x
Short	Vest META-USD-PERP	741.61	0.0046	get 0.0006% / 1h	24m 11s	—	$11K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$17.56
Price spread: +0.011% → 0.000%: $1.08
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$25.48
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 54 min ago; Vest: 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, 54 min ago	2.29 bp	8.5 bp −$8	16.4 bp −$164	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	741.75	+0.030%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0024%	1h	740.95	−0.078%	$389K	$330K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.47	−0.009%	$456K	$539K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.50	−0.004%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.65	+0.016%	$27.3M	$179.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.58	+0.007%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.47	−0.008%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.13	−0.054%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.51	−0.003%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.73	+0.027%	$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	741.75	+0.030%	$13K	$481K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.40	−0.018%	$820	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.61	+0.011%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.63	+0.013%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.58	+0.007%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.70	+0.023%	$755K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.18	−0.047%	$110K	$454K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	741.61	+0.011%	—	$11K	25x
Popdex METAUSDT	+0.0048%	1h	741.60	+0.009%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.50	−0.004%	$546K	$845K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.56	+0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.99	−0.073%	$760K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	741.36	−0.023%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	742.51	+0.132%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.41	−0.016%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.60	+0.009%	$1.6M	$392K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.76	+0.031%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.73	+0.027%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.58	+0.007%	$267	—	10x	as long as short
Phoenix METAlong	+0.0129%	1h	741.53	long leg	$291K	$797K	20x
Hotstuff META-PERP	+0.0160%	1h	741.47	−0.008%	$33K	$105	20x	as long as short
Lighter META	+0.0216%	1h	741.72	+0.026%	$856K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.72	+0.295%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0257%	1h	741.55	+0.003%	$67.7M	$122.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0371%	1h	741.37	−0.022%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0994%	4h	742.29	+0.103%	$62K	$334K	10x	as long as short