META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0274%/8h= −30.0% APRnext payment −$0.34 per $10,000 · paid last 24h +0.009%

Price spread now: Arcus against tradeXYZ−0.059%7-day average −0.001% · 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−$46as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on tradeXYZ Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.059%, 7d avg −0.001%

Together, before fees+0.180%+ Points / potential airdroptradeXYZ: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Arcus is 0.058% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.031% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 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	tradeXYZ xyz:META	746.27	0.0314	pay 0.0039% / 1h	17m 18s	$70.8M	$121.2M	20x
Short	Arcus META-USD	745.83	0.0040	get 0.0005% / 1h	17m 18s	$111K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against tradeXYZ. 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 tradeXYZbpFee ArcusbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$57.56
Price spread: −0.059% → −0.001%: −$5.8
Slippage, 4 orders: −$17.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$103.22
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Arcus: live order book, 36 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 tradeXYZ live order book, 12 min ago	0.13 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 36 min ago	3.96 bp	11.7 bp −$12	14.4 bp −$144	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	746.35	+0.011%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	745.94	−0.045%	$482K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.67	+0.054%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.07	−0.027%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.37	+0.013%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.39	+0.016%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.45	+0.024%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.64	−0.084%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.33	+0.009%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.41	+0.019%	$12K	$452K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.34	+0.009%	$786	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.84	−0.058%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.07	−0.027%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.56	+0.039%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0023%	8h	746.38	+0.015%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.55	+0.038%	$783K	$2.9M	20x	as long as short
Arcus META-USDshort	+0.0040%	1h	745.83	−0.059%	$111K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	746.46	+0.025%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.90	−0.050%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.35	+0.011%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.118%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.18	−0.012%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	746.13	−0.019%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.58	+0.041%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	746.43	+0.021%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.38	+0.015%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.41	−0.115%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.31	+0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.21	−0.008%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.72	−0.074%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.296%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	746.42	+0.020%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.50	+0.031%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:METAlong	+0.0314%	1h	746.27	long leg	$70.8M	$121.2M	20x
edgeX METAUSDC	+0.0407%	4h	746.35	+0.010%	$62K	$338K	10x	as long as short
Phoenix META	+0.0633%	1h	747.26	+0.133%	$798K	$1.4M	20x	as long as short