META

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.041%

Price spread now: Phoenix against SoDEX+0.026%50s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.026% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	740.43	0.0050	pay 0.0006% / 1h	1m 23s	$24K	$3K	10x
Short	Phoenix META	740.62	0.0097	get 0.0012% / 1h	1m 23s	$291K	$782K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SoDEX. 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 SoDEXbpFee PhoenixbpOrdersPrice spread, now +0.026%Rate

Funding earned: $9.91
Price spread: +0.026% → 0.000%: $2.57
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$2.53
Costs to cover: 0.150%
Break-even: 8.8 days

Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 22 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 22 min ago	2.16 bp	8.2 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit

SoDEX: 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	740.47	+0.005%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0103%	1h	740.29	−0.018%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0040%	1h	740.66	+0.031%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.96	+0.071%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.46	+0.004%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.53	+0.014%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.52	+0.012%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.45	+0.003%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.98	−0.061%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.58	+0.020%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.46	+0.004%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.42	−0.001%	$12K	$521K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.96	+0.072%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.55	+0.016%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.35	−0.011%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.50	+0.009%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.44	+0.001%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.73	+0.041%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.74	+0.042%	$748K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.29	−0.019%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.91	+0.065%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.52	+0.012%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.62	+0.026%	$541K	$840K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	740.43	long leg	$24K	$3K	10x
Paradex META-USD-PERP	+0.0050%	8h	740.38	−0.007%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.24	−0.026%	$649K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0052%	1h	741.03	+0.081%	$45K	$61K	10x	as long as short
tradeXYZ xyz:META	+0.0053%	1h	740.70	+0.036%	$68.5M	$120.6M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.023%	$607K	$7.3M	10x	as long as short
Phoenix METAshort	+0.0097%	1h	740.62	+0.026%	$291K	$782K	20x
KuCoin METAUSDTM	+0.0100%	8h	740.32	−0.015%	$1.6M	$354K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.21	−0.030%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.50	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.34	−0.011%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.24	−0.026%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0972%	4h	740.41	−0.002%	$62K	$330K	10x	as long as short