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 −0.004%

Price spread now: QFEX against SoDEX−0.020%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on QFEX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.020% cheaper against SoDEX than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	747.71	0.0050	pay 0.0006% / 1h	13m 21s	$25K	$3K	10x
Short	QFEX META-USD	747.56	0.0031	get 0.0004% / 1h	13m 21s	$2.2M	$14.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$3.95
Price spread: −0.020% → 0.000%: −$2.01
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 6 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 QFEX live order book, 6 min ago	1.67 bp	6.7 bp −$7	6.8 bp −$68	16.6 bp −$1,664	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 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	747.50	−0.028%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.77	−0.125%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.21	−0.067%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.44	−0.036%	$25.4M	$189.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.48	−0.031%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.49	−0.029%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.03	−0.091%	$475K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	747.58	−0.017%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.46	−0.167%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.41	−0.040%	$12K	$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	747.87	+0.021%	$808	$8.0M	20x	as long as short
HTX META-USDT	0.0000%	8h	747.78	+0.009%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.66	−0.007%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0017%	1h	746.84	−0.116%	$482K	$560K	20x	as long as short
QFEX META-USDshort	+0.0031%	1h	747.56	−0.020%	$2.2M	$14.1M	10x
Lighter RH META	+0.0040%	1h	747.50	−0.028%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.97	−0.099%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.92	+0.028%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.14	−0.076%	$568K	$625K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	747.71	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	747.23	−0.064%	$735K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	747.23	−0.064%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	747.53	−0.024%	$178K	$202K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0085%	1h	747.42	−0.039%	$34K	$276K	10x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.84	+0.017%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.67	−0.139%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.94	−0.103%	$1.6M	$723K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.69	−0.136%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.30	−0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.53	−0.025%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.24	−0.197%	$644K	$7.9M	10x	as long as short
edgeX METAUSDC	+0.0185%	4h	747.20	−0.068%	$62K	$346K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.38	+0.758%	$176K	$48K	30x	as long as short
Lighter META	+0.0440%	1h	747.63	−0.011%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0488%	1h	747.74	+0.004%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0572%	1h	748.00	+0.039%	$83.4M	$131.5M	20x	as long as short
Phoenix META	+0.0750%	1h	748.05	+0.045%	$799K	$1.5M	20x	as long as short