META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0169%/8h= −18.5% APRnext payment −$0.21 per $10,000 · paid last 24h −0.034%

Price spread now: Deribit against tradeXYZ−0.064%7-day average −0.030% · 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−$38as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on tradeXYZ Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.095%−$9 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.064%, 7d avg −0.030%

Together, before fees+0.046%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.033% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:META	739.72	0.0169	pay 0.0021% / 1h	25m 00s	$67.5M	$121.6M	20x
Short	Deribit META_USDC-PERPETUAL	739.25	0	get 0.0000% / 1h	25m 00s	$30K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$35.54
Price spread: −0.064% → −0.030%: −$3.33
Slippage, 4 orders: −$9.83
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$73.69
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Deribit: live order book, 49 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, 5 min ago	0.07 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 49 min ago	4.72 bp	8.2 bp −$8	12.4 bp −$124	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	739.77	+0.007%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0011%	1h	739.50	−0.029%	$422K	$382K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.77	+0.007%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.63	−0.012%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.73	+0.001%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.74	+0.003%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.82	+0.014%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.21	−0.069%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.70	−0.003%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.064%	$2.3M	$3.3M	—	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	739.40	−0.043%	$12K	$471K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.33	+0.082%	$876	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	739.25	−0.064%	$30K	$246K	10x
HTX META-USDT	0.0000%	8h	739.63	−0.012%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.88	+0.022%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0007%	4h	739.30	−0.056%	$62K	$333K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.94	+0.030%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.95	+0.031%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.79	+0.009%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.54	−0.024%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.72	0.000%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.84	−0.119%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.69	−0.004%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.03	−0.093%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	739.63	−0.013%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	739.84	+0.016%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.76	+0.005%	$1.6M	$436K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.076%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.77	+0.007%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	739.60	−0.016%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.63	−0.012%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.64	−0.011%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:METAlong	+0.0169%	1h	739.72	long leg	$67.5M	$121.6M	20x
Injective META/USDC PERP	+0.0220%	1h	740.90	+0.160%	$171K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	739.94	+0.030%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.71	−0.001%	$286K	$930K	20x	as long as short