META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.016%

Price spread now: tradeXYZ against Popdex+0.044%7-day average −0.036% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Popdex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.044%, 7d avg −0.036%

Together, before fees−0.165%+ Points / potential airdroptradeXYZ: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.080% dearer against Popdex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.036%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.018% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	742.53	0.0048	pay 0.0006% / 1h	36m 35s	$178K	$209K	20x
Short	tradeXYZ xyz:META	742.86	0.0235	get 0.0029% / 1h	36m 35s	$67.6M	$122.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.044%Rate

Funding earned: $39.34
Price spread: +0.044% → −0.036%: $8
Slippage, 4 orders: −$2.3
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $20.64
Costs to cover: 0.267%
Break-even: 3.3 days

Slippage from Popdex: live order book, 42 min ago; tradeXYZ: live order book, 3 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, 42 min ago	0.34 bp	3.9 bp −$4	6.6 bp −$66	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.07 bp	9.4 bp −$9	9.8 bp −$98	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	742.75	+0.030%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0066%	1h	742.43	−0.013%	$390K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.64	+0.015%	$458K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.63	+0.014%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.53	0.000%	$27.4M	$179.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.48	−0.007%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.49	−0.005%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.29	−0.032%	$346K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.53	0.000%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.32	+0.107%	$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	743.64	+0.149%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.62	+0.012%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.41	−0.016%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.51	+0.132%	$2.0M	$7K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0019%	1h	742.58	+0.007%	$30K	$257K	10x	as long as short
QFEX META-USD	+0.0027%	1h	742.43	−0.013%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	742.99	+0.062%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.28	−0.034%	$110K	$469K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.85	+0.043%	—	$11K	25x	as long as short
Popdex METAUSDTlong	+0.0048%	1h	742.53	long leg	$178K	$209K	20x
Polymarket Perps META-USD	+0.0050%	1h	742.44	−0.012%	$542K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.68	+0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.12	−0.055%	$762K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	742.59	+0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0063%	1h	743.67	+0.154%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.101%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.74	+0.028%	$1.6M	$381K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.97	+0.059%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.87	+0.046%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.70	+0.022%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.01	+0.065%	$292K	$797K	20x	as long as short
Lighter META	+0.0136%	1h	742.96	+0.058%	$859K	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.91	+0.051%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0169%	4h	743.39	+0.115%	$62K	$331K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.444%	$170K	$46K	30x	as long as short
tradeXYZ xyz:METAshort	+0.0235%	1h	742.86	+0.044%	$67.6M	$122.3M	20x