META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0279%/8h= +30.6% APRnext payment +$0.35 per $10,000 · paid last 24h +0.043%

Price spread now: tradeXYZ against QFEX+0.067%49s7-day average −0.013% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.337% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.067%, 7d avg −0.013%

Together, before fees+0.011%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 0.080% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.013%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.089% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	745.71	0.0058	pay 0.0007% / 1h	42m 40s	$2.2M	$13.7M	10x
Short	tradeXYZ xyz:META	746.21	0.0337	get 0.0042% / 1h	42m 40s	$70.2M	$121.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.067%Rate

Funding earned: $58.66
Price spread: +0.067% → −0.013%: $8.03
Slippage, 4 orders: −$5.67
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $33.02
Costs to cover: 0.337%
Break-even: 3.1 days

Slippage from QFEX: live order book, 11 min ago; tradeXYZ: live order book, 7 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	1.95 bp	6.9 bp −$7	7.3 bp −$73	19.1 bp −$1,907	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.27 bp	9.6 bp −$10	11.8 bp −$118	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	746.00	+0.039%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0021%	1h	745.38	−0.044%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.46	−0.034%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.05	+0.046%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.13	+0.057%	$28.5M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.02	+0.042%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.27	+0.075%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.38	−0.044%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.09	+0.051%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.99	−0.096%	$2.4M	$3.2M	—	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	745.25	−0.061%	$12K	$451K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.40	−0.042%	$662	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.55	−0.021%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.57	−0.019%	$106K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.57	−0.019%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.20	+0.066%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.03	−0.091%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.96	+0.034%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.90	+0.025%	$180K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.55	−0.021%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.88	+0.023%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.35	−0.048%	$801K	$4.6M	10x	as long as short
QFEX META-USDlong	+0.0058%	1h	745.71	long leg	$2.2M	$13.7M	10x
Aftermath Perps METAUSD	+0.0084%	1h	745.52	−0.025%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0093%	8h	746.10	+0.052%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.67	−0.005%	$1.6M	$604K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.39	−0.177%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.87	+0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.73	+0.002%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.20	−0.068%	$619K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.196%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	746.16	+0.060%	$865K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0232%	1h	745.33	−0.051%	$33K	$105	20x	as long as short
tradeXYZ xyz:METAshort	+0.0337%	1h	746.21	+0.067%	$70.2M	$121.1M	20x
Phoenix META	+0.0633%	1h	746.12	+0.055%	$773K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0979%	4h	744.81	−0.120%	$62K	$339K	10x	as long as short