META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0231%/8h= −25.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.039%

Price spread now: Coinbase International against tradeXYZ−0.065%50s7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.350% of the position

Long on tradeXYZ Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 4 days (all we have)+0.439%+$44 · spread now −0.065%, 7d avg −0.078%

Together, before fees+0.194%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. 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	tradeXYZ xyz:META	743.35	0.0327	pay 0.0041% / 1h	2m 17s	$69.4M	$120.2M	20x
Short	Coinbase International META-PERP-INTX	742.87	0.0096	get 0.0012% / 1h	2m 17s	$613K	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$48.61
Price spread: −0.065% → −0.078%: $1.32
Slippage, 4 orders: −$7.01
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$82.3
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Coinbase International: live order book, 2 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, 7 min ago	0.27 bp	9.9 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.15 bp	7.9 bp −$8	11.1 bp −$111	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	742.81	−0.073%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0031%	1h	743.19	−0.022%	$480K	$550K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0019%	1h	743.14	−0.028%	$31K	$245K	10x	as long as short
Aster METAUSDT	0.0000%	8h	743.22	−0.017%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.04	−0.042%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.29	−0.008%	$27.5M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.46	+0.015%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.49	+0.019%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.94	−0.055%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.36	+0.001%	$5.5M	$11.6M	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	742.77	−0.078%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.91	−0.059%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.30	−0.007%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.79	−0.075%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.94	−0.055%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.48	+0.017%	$769K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	743.04	−0.042%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.37	−0.132%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.65	+0.040%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.33	−0.003%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.16	−0.026%	$560K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.02	−0.044%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.45	−0.121%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	743.36	+0.001%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.17	−0.025%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0096%	1h	742.87	−0.065%	$613K	$7.2M	10x
KuCoin METAUSDTM	+0.0100%	8h	743.26	−0.012%	$1.6M	$528K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.51	−0.113%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.48	+0.017%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.32	−0.004%	$268	—	10x	as long as short
edgeX METAUSDC	+0.0188%	4h	742.88	−0.063%	$62K	$337K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.172%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	743.39	+0.005%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	743.48	+0.017%	$859K	$2.4M	20x	as long as short
tradeXYZ xyz:METAlong	+0.0327%	1h	743.35	long leg	$69.4M	$120.2M	20x
Phoenix META	+0.0496%	1h	743.64	+0.039%	$596K	$1.1M	20x	as long as short