META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0339%/8h= −37.2% APRnext payment −$0.42 per $10,000 · paid last 24h +0.076%

Price spread now: Extended against tradeXYZ−0.048%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.316%−$32 · spread now −0.048%, 7d avg +0.019%

Together, before fees−0.349%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Extended is 0.067% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 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	748.00	0.0339	pay 0.0042% / 1h	7m 31s	$72.0M	$121.7M	20x
Short	Extended META_24_5-USD	747.64	0	get 0.0000% / 1h	7m 31s	$548K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$71.27
Price spread: −0.048% → +0.019%: −$6.66
Slippage, 4 orders: −$6.32
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$107.25
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 12 min ago; Extended: live order book, 1 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	0.27 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.07 bp	5.0 bp −$5	23.8 bp −$238	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	747.56	−0.059%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	747.45	−0.073%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.33	−0.089%	$492K	$577K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	747.64	−0.048%	$548K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	747.87	−0.018%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.86	−0.019%	$7.5M	$14.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.93	−0.009%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.28	−0.096%	$427K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	748.56	+0.074%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.65	−0.047%	$12K	$448K	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	747.48	−0.070%	$946	$8.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.73	−0.170%	$31K	$252K	10x	as long as short
HTX META-USDT	0.0000%	8h	748.24	+0.032%	$107K	$304K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.53	−0.063%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	748.00	0.000%	$771K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.39	−0.082%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.79	−0.028%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.37	−0.084%	$588K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.67	−0.044%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.09	−0.122%	$773K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.45	−0.074%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	747.63	−0.050%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	748.25	+0.034%	$52K	$82K	10x	as long as short
Bitget METAUSDT	+0.0088%	8h	747.90	−0.013%	$5.5M	$11.9M	100x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.91	−0.012%	$180K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.76	−0.032%	$1.6M	$623K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	747.06	−0.126%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.43	−0.076%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.24	−0.102%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.28	−0.096%	$662K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	750.75	+0.368%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0248%	1h	748.02	+0.003%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	747.97	−0.004%	$903K	$2.5M	20x	as long as short
tradeXYZ xyz:METAlong	+0.0339%	1h	748.00	long leg	$72.0M	$121.7M	20x
Phoenix META	+0.0633%	1h	749.25	+0.167%	$800K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0974%	4h	747.99	−0.001%	$62K	$338K	10x	as long as short