META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0174%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.053%

Price spread now: Injective against QFEX+0.230%7-day average +0.289% · 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−$76as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on QFEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.230%, 7d avg +0.289%

Together, before fees+0.155%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.059% cheaper against QFEX than usual: you would sell low and buy high (spread +0.230% now, against its 7-day average of +0.289%). If the spread goes back, that is −$6 on $10k: about 27 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	744.30	0.0046	pay 0.0006% / 1h	12m 54s	$2.2M	$13.8M	10x
Short	Injective META/USDC PERP	746.01	0.0220	get 0.0028% / 1h	12m 54s	$172K	$46K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.230%Rate

Funding earned: $36.54
Price spread: +0.230% → +0.289%: −$5.94
Slippage, 4 orders: −$59.66
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$39.08
Costs to cover: 0.697%
Break-even: 14.5 days

Slippage from QFEX: live order book, 6 min ago; Injective: live order book, 36 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, 6 min ago	2.29 bp	7.3 bp −$7	9.8 bp −$98	22.0 bp −$2,199	doesn't fit
Sell Injective live order book, 36 min ago	19.96 bp	35.1 bp −$35	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	744.66	+0.048%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.53	+0.032%	$479K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.61	+0.042%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.12	+0.111%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.98	+0.091%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.27	+0.130%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.26	−0.005%	$439K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.74	+0.059%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.82	−0.064%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.06	−0.032%	$12K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.29	−0.001%	$744	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.28	−0.003%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.45	+0.020%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.51	+0.028%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	744.20	−0.013%	$481K	$557K	20x	as long as short
Lighter RH META	+0.0032%	1h	745.06	+0.102%	$765K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.64	−0.089%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.84	+0.073%	—	$11K	25x	as long as short
QFEX META-USDlong	+0.0046%	1h	744.30	long leg	$2.2M	$13.8M	10x
Popdex METAUSDT	+0.0048%	1h	744.58	+0.038%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.32	+0.003%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.49	+0.026%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.21	−0.146%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	744.39	+0.012%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.48	+0.024%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.55	+0.034%	$1.6M	$655K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.53	−0.103%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.56	+0.035%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.33	+0.004%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.43	−0.117%	$654K	$7.8M	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	746.01	+0.230%	$172K	$46K	30x
Lighter META	+0.0304%	1h	745.11	+0.109%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.50	+0.027%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0447%	1h	745.20	+0.121%	$75.6M	$125.5M	20x	as long as short
edgeX METAUSDC	+0.0646%	4h	743.83	−0.063%	$62K	$342K	10x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.079%	$795K	$1.4M	20x	as long as short