META

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.028%

Price spread now: Injective against Popdex−0.045%46s7-day average +0.305% · 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—prices read too far apart to compare

costs, in and out, $10k−$600.602% of the position

Long on Popdex Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.143%+$14 on $10k

Price spread, last 3 days (all we have)+0.299%+$30 · spread now −0.045%, 7d avg +0.305%

Together, before fees+0.442%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.349% cheaper against Popdex than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.305%). If the spread goes back, that is −$35 on $10k: about 6.8 days of funding at the current rate (+$5 a day). The two prices were read 46 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	Popdex METAUSDT	740.42	0.0048	pay 0.0006% / 1h	12m 31s	$177K	$200K	20x
Short	Injective META/USDC PERP	740.09	0.0220	get 0.0028% / 1h	12m 31s	$168K	$46K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.045%Rate

Funding earned: $36.12
Price spread: −0.045% → +0.305%: −$34.92
Slippage, 4 orders: −$53.78
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$59
Costs to cover: 0.602%
Break-even: 18.4 days

Slippage from Popdex: live order book, 11 min ago; Injective: live order book, 11 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, 11 min ago	0.20 bp	4.1 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell Injective live order book, 11 min ago	16.80 bp	35.6 bp −$36	doesn't fit	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	740.40	−0.003%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0110%	1h	740.38	−0.005%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0016%	1h	740.76	+0.046%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.97	+0.074%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.42	0.000%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.48	+0.008%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.40	−0.003%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.22	−0.027%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.98	−0.059%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.41	−0.001%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.42	0.000%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.31	−0.015%	$12K	$525K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.86	+0.059%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.68	+0.035%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.18	−0.032%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.43	+0.001%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.36	−0.008%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.72	+0.041%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.73	+0.042%	$740K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.27	−0.020%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.03	+0.082%	—	$9K	25x	as long as short
Popdex METAUSDTlong	+0.0048%	1h	740.42	long leg	$177K	$200K	20x
tradeXYZ xyz:META	+0.0050%	1h	740.70	+0.038%	$68.5M	$120.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.59	+0.023%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.37	−0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.13	−0.039%	$641K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.36	−0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.02	+0.081%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.022%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.50	+0.011%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.43	+0.001%	$1.6M	$353K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.32	−0.014%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.43	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.34	−0.011%	$267	—	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	740.09	−0.045%	$168K	$46K	30x
edgeX METAUSDC	+0.0274%	4h	740.35	−0.009%	$62K	$331K	10x	as long as short