META

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%

Price spread now: Ondo Perps against QFEX−0.034%7-day average −0.055% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 7 days−0.033%−$3 · spread now −0.034%, 7d avg −0.055%

Together, before fees+0.014%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.022% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	741.92	0.0003	pay 0.0000% / 1h	13m 13s	$2.2M	$14.3M	10x
Short	Ondo Perps META-USD.P	741.67	0.0050	get 0.0006% / 1h	13m 13s	$648K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.034%Rate

Funding earned: $9.9
Price spread: −0.034% → −0.055%: $2.16
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$2.94
Costs to cover: 0.150%
Break-even: 9.1 days

Slippage unknown: QFEX: live order book, 6 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	1.69 bp	6.7 bp −$7	7.2 bp −$72	19.3 bp −$1,927	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	742.41	+0.066%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0069%	1h	741.49	−0.058%	$394K	$327K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	−0.022%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.05	+0.018%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.24	+0.044%	$26.9M	$178.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.08	+0.022%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.17	+0.034%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.66	−0.035%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.28	+0.049%	$5.8M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	741.01	−0.122%	$1.6M	$2.6M	—	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	741.11	−0.109%	$12K	$500K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.23	+0.042%	$675	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.07	+0.020%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.94	+0.003%	$2.0M	$7K	10x	as long as short
QFEX META-USDlong	+0.0003%	1h	741.92	long leg	$2.2M	$14.3M	10x
Hotstuff META-PERP	+0.0024%	1h	741.90	−0.003%	$33K	$105	20x	as long as short
Lighter RH META	+0.0032%	1h	742.11	+0.026%	$752K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.53	−0.053%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.08	+0.022%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.09	+0.023%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.97	+0.007%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.87	−0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	741.67	−0.034%	$648K	$4.2M	10x
Paradex META-USD-PERP	+0.0051%	8h	741.78	−0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0057%	1h	742.18	+0.035%	$50K	$66K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	741.70	−0.030%	$605K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.31	−0.082%	$291K	$791K	20x	as long as short
Lighter META	+0.0088%	1h	742.09	+0.023%	$863K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.68	−0.032%	$1.6M	$367K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.87	−0.142%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.85	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.70	−0.030%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0122%	1h	742.28	+0.049%	$67.5M	$121.8M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.89	−0.139%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0248%	4h	741.04	−0.119%	$62K	$332K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0492%	1h	741.98	+0.008%	$30K	$256K	10x	as long as short