META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.009%

Price spread now: Coinbase International against QFEX+0.046%7-day average −0.104% · 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−$15as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.046%, 7d avg −0.104%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.149% dearer against QFEX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.104%. Mind the row above: over the last 4 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	746.07	0.0046	pay 0.0006% / 1h	52m 01s	$2.2M	$13.8M	10x
Short	Coinbase International META-PERP-INTX	746.41	0.0128	get 0.0016% / 1h	52m 01s	$671K	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against QFEX. 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 QFEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.046%Rate

Funding earned: $17.22
Price spread: +0.046% → −0.104%: $14.94
Slippage, 4 orders: −$9.78
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $2.38
Costs to cover: 0.298%
Break-even: 6.0 days

Slippage from QFEX: live order book, 7 min ago; Coinbase International: live order book, 2 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 QFEX live order book, 7 min ago	2.01 bp	7.0 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.55 bp	8.2 bp −$8	12.0 bp −$120	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	746.18	+0.015%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.25	+0.158%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.96	−0.015%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.32	+0.034%	$28.3M	$181.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.14	+0.009%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.27	+0.027%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.52	−0.074%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	746.09	+0.003%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.62	+0.074%	$12K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.10	+0.004%	$716	$8.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.65	−0.056%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.80	−0.036%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.16	+0.012%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.86	−0.028%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.38	+0.042%	—	$11K	25x	as long as short
QFEX META-USDlong	+0.0046%	1h	746.07	long leg	$2.2M	$13.8M	10x
Polymarket Perps META-USD	+0.0050%	1h	745.80	−0.036%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.07	0.000%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.48	−0.079%	$759K	$4.5M	10x	as long as short
Lighter RH META	+0.0064%	1h	746.38	+0.042%	$768K	$2.9M	20x	as long as short
Nado META-PERP	+0.0065%	1h	745.50	−0.076%	$482K	$557K	20x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	746.12	+0.007%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.88	+0.109%	$52K	$82K	10x	as long as short
Bitget METAUSDT	+0.0087%	8h	746.32	+0.034%	$5.5M	$11.9M	100x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.27	+0.027%	$1.6M	$631K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.87	−0.027%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.13	+0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.99	−0.011%	$269	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0128%	1h	746.41	+0.046%	$671K	$7.6M	10x
Popdex METAUSDT	+0.0152%	1h	746.07	0.000%	$179K	$199K	20x	as long as short
edgeX METAUSDC	+0.0218%	4h	745.98	−0.012%	$62K	$338K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.393%	$173K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	746.49	+0.056%	$978K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.18	+0.015%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0516%	1h	746.57	+0.067%	$72.6M	$122.3M	20x	as long as short
Phoenix META	+0.0685%	1h	748.29	+0.298%	$799K	$1.4M	20x	as long as short