META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.009%

Price spread now: Popdex against QFEX−0.005%7-day average +0.006% · 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−$23as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on QFEX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.005%, 7d avg +0.006%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: $0 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	743.91	0.0036	pay 0.0005% / 1h	33m 20s	$2.2M	$14.1M	10x
Short	Popdex METAUSDT	743.87	0.0048	get 0.0006% / 1h	33m 20s	$180K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.005%Rate

Funding earned: $2.49
Price spread: −0.005% → +0.006%: −$1.14
Slippage, 4 orders: −$5.93
Fee QFEX: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$20.99
Costs to cover: 0.223%
Break-even: 66.1 days

Slippage from QFEX: live order book, 6 min ago; Popdex: live order book, just now.

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	1.55 bp	6.5 bp −$7	6.9 bp −$69	19.0 bp −$1,899	doesn't fit
Sell Popdex live order book, just now	0.67 bp	4.9 bp −$5	8.2 bp −$82	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	743.83	−0.011%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0017%	1h	743.41	−0.067%	$478K	$562K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.45	+0.072%	$488K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.40	−0.069%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.59	−0.043%	$25.9M	$191.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.50	−0.055%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.58	−0.044%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.23	−0.091%	$476K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.68	−0.031%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	743.29	−0.083%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.34	−0.077%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.61	−0.040%	$1K	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.25	−0.089%	$44K	$281K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.51	−0.054%	$108K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.60	−0.042%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.94	+0.004%	$794K	$2.9M	20x	as long as short
QFEX META-USDlong	+0.0036%	1h	743.91	long leg	$2.2M	$14.1M	10x
Arcus META-USD	+0.0040%	1h	743.51	−0.054%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.19	+0.038%	—	$12K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	743.87	−0.005%	$180K	$204K	20x
Polymarket Perps META-USD	+0.0050%	1h	743.26	−0.087%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.61	−0.040%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.26	−0.087%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.82	−0.012%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	744.18	+0.036%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	743.92	+0.001%	$626	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.86	−0.007%	$1.6M	$768K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.58	−0.179%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.69	−0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.34	−0.077%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.27	−0.086%	$635K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.241%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	744.11	+0.027%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0280%	1h	743.79	−0.016%	$84.5M	$133.0M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	743.97	+0.008%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0576%	4h	743.22	−0.092%	$63K	$347K	10x	as long as short
Phoenix META	+0.0791%	1h	745.06	+0.155%	$795K	$1.5M	20x	as long as short