META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.012%

Price spread now: Extended against Popdex−0.005%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Popdex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.371%−$37 · spread now −0.005%, 7d avg −0.032%

Together, before fees−0.298%+ Points / potential airdropExtended: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.027% dearer against Popdex than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.032%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 46 hours. Mind the row above: over the last 4 days funding on this pair paid +0.073%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	743.31	0.0048	pay 0.0006% / 1h	38m 18s	$180K	$204K	20x
Short	Extended META_24_5-USD	743.27	0	get 0.0000% / 1h	38m 18s	$547K	$3.4M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Popdex. 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 PopdexbpFee ExtendedbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$10.08
Price spread: −0.005% → −0.032%: $2.75
Slippage, 4 orders: −$8.7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.44
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from Popdex: live order book, 60 min ago; Extended: live order book, 5 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 Popdex live order book, 60 min ago	0.87 bp	5.7 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.07 bp	5.0 bp −$5	32.6 bp −$326	doesn't fit	doesn't fit

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	743.56	+0.034%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0018%	1h	742.92	−0.052%	$479K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.32	+0.002%	$487K	$603K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	743.27	−0.005%	$547K	$3.4M	17x
Binance METAUSDT	0.0000%	8h	743.31	0.000%	$25.8M	$191.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.26	−0.007%	$7.4M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.70	+0.052%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.22	−0.012%	$474K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.32	+0.001%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.98	−0.044%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.97	+0.089%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.66	+0.047%	$723	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.97	−0.046%	$48K	$280K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.33	+0.003%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.80	+0.066%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.52	+0.028%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.34	+0.004%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.05	−0.035%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.58	+0.036%	—	$12K	25x	as long as short
Popdex METAUSDTlong	+0.0048%	1h	743.31	long leg	$180K	$204K	20x
Polymarket Perps META-USD	+0.0050%	1h	742.80	−0.069%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.12	−0.026%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.83	−0.065%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.17	−0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.97	+0.089%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.82	−0.066%	$625	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.15	−0.022%	$1.6M	$760K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.96	−0.047%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.03	−0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.85	−0.062%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.34	+0.004%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.322%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	743.70	+0.052%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0289%	1h	743.42	+0.015%	$84.3M	$132.7M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	743.47	+0.022%	$33K	$105	20x	as long as short
Phoenix META	+0.0791%	1h	744.18	+0.117%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0950%	4h	743.04	−0.037%	$63K	$346K	10x	as long as short