META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Deribit against QFEX−0.078%7-day average −0.058% · 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−$30as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on QFEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.078%, 7d avg −0.058%

Together, before fees+0.385%+$38 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	744.62	0.0036	pay 0.0005% / 1h	0m 53s	$2.2M	$14.1M	10x
Short	Deribit META_USDC-PERPETUAL	744.04	0.0032	get 0.0004% / 1h	0m 53s	$36K	$271K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$0.81
Price spread: −0.078% → −0.058%: −$1.99
Slippage, 4 orders: −$10.79
Fee QFEX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30.59
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Deribit: live order book, 33 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, 8 min ago	1.54 bp	6.5 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell Deribit live order book, 33 min ago	3.83 bp	7.3 bp −$7	8.4 bp −$84	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	744.81	+0.026%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.80	+0.024%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.52	−0.013%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.78	+0.021%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.03	+0.055%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.67	+0.007%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.24	−0.051%	$450K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.60	−0.003%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.66	+0.005%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.10	+0.064%	$12K	$437K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.81	+0.026%	$1K	$7.6M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.35	−0.036%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.84	+0.030%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	744.35	−0.037%	$478K	$559K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.85	+0.031%	$798K	$3.0M	20x	as long as short
Deribit META_USDC-PERPETUALshort	+0.0032%	1h	744.04	−0.078%	$36K	$271K	10x
QFEX META-USDlong	+0.0036%	1h	744.62	long leg	$2.2M	$14.1M	10x
Arcus META-USD	+0.0040%	1h	744.34	−0.038%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.91	+0.039%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.71	+0.012%	$179K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.28	−0.046%	$566K	$618K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.68	+0.008%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.67	+0.007%	$719K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	744.64	+0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	745.23	+0.081%	$51K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	744.09	−0.071%	$612	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.66	+0.005%	$1.6M	$798K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.32	−0.040%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.58	−0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.39	−0.031%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.09	−0.071%	$640K	$7.9M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	745.27	+0.087%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.021%	$176K	$52K	30x	as long as short
Lighter META	+0.0296%	1h	745.03	+0.055%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0303%	1h	744.82	+0.027%	$86.2M	$134.5M	20x	as long as short
edgeX METAUSDC	+0.0510%	4h	745.00	+0.051%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	745.86	+0.167%	$796K	$1.5M	20x	as long as short