META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h −0.008%

Price spread now: Nado against QFEX−0.017%7-day average −0.033% · 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−$37as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on QFEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−0.543%−$54 · spread now −0.017%, 7d avg −0.033%

Together, before fees−0.634%+ Points / potential airdropNado: Active · farm board−$63 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	746.24	0.0031	pay 0.0004% / 1h	18m 30s	$2.2M	$14.1M	10x
Short	Nado META-PERP	746.11	0.0012	get 0.0001% / 1h	18m 30s	$481K	$560K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.017%Rate

Funding earned: −$4.08
Price spread: −0.017% → −0.033%: $1.65
Slippage, 4 orders: −$21.28
Fee QFEX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$40.71
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from QFEX: live order book, 11 min ago; Nado: live order book, 20 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, 11 min ago	1.54 bp	6.5 bp −$7	6.7 bp −$67	16.6 bp −$1,661	doesn't fit
Sell Nado live order book, 20 min ago	0.40 bp	10.6 bp −$11	19.3 bp −$193	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	746.44	+0.027%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.98	−0.035%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.22	−0.002%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.36	+0.016%	$25.2M	$188.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.99	−0.034%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.51	+0.036%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.89	−0.047%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.09	−0.020%	$5.6M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	747.09	+0.114%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.30	+0.142%	$13K	$439K	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	746.37	+0.017%	$926	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.04	−0.027%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.17	−0.009%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.25	+0.001%	$2.0M	$8K	10x	as long as short
Nado META-PERPshort	+0.0012%	1h	746.11	−0.017%	$481K	$560K	20x
QFEX META-USDlong	+0.0031%	1h	746.24	long leg	$2.2M	$14.1M	10x
Lighter RH META	+0.0032%	1h	746.79	+0.074%	$790K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.06	−0.024%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.87	+0.084%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.39	+0.020%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.96	−0.038%	$567K	$624K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.31	+0.009%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.77	−0.063%	$731K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	746.31	+0.009%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.94	+0.094%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.41	+0.022%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.19	−0.007%	$1.6M	$722K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.30	−0.126%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.48	+0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.34	+0.013%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.24	0.000%	$644K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.38	+0.957%	$176K	$48K	30x	as long as short
Lighter META	+0.0432%	1h	746.93	+0.092%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0452%	4h	745.57	−0.090%	$62K	$344K	10x	as long as short
Hotstuff META-PERP	+0.0488%	1h	746.95	+0.095%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0567%	1h	746.93	+0.092%	$82.2M	$130.4M	20x	as long as short
Phoenix META	+0.0750%	1h	747.41	+0.157%	$798K	$1.5M	20x	as long as short