META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0425%/8h= −46.6% APRnext payment −$0.53 per $10,000 · paid last 24h −0.039%

Price spread now: Popdex against tradeXYZ−0.017%7-day average +0.032% · 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−$32as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on tradeXYZ Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.017%, 7d avg +0.032%

Together, before fees+0.075%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Popdex is 0.049% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.044% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 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	744.50	0.0553	pay 0.0069% / 1h	48m 58s	$80.5M	$129.2M	20x
Short	Popdex METAUSDT	744.37	0.0128	get 0.0016% / 1h	48m 58s	$177K	$203K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$89.29
Price spread: −0.017% → +0.032%: −$4.94
Slippage, 4 orders: −$2.94
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$121.56
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Popdex: live order book, 55 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, 10 min ago	0.27 bp	9.6 bp −$10	10.4 bp −$104	doesn't fit	doesn't fit
Sell Popdex live order book, 55 min ago	0.27 bp	3.7 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit

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	744.46	−0.005%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.38	+0.118%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.02	−0.065%	$551K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.22	−0.038%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.96	−0.073%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.11	−0.052%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.77	−0.098%	$465K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.28	−0.030%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.33	−0.023%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.62	+0.017%	$12K	$438K	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	744.44	−0.008%	$942	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.73	−0.103%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.24	−0.035%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.88	+0.051%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.25	−0.034%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.44	−0.008%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.55	+0.007%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.91	−0.079%	$564K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.08	−0.056%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.78	−0.097%	$728K	$5.1M	10x	as long as short
edgeX METAUSDC	+0.0051%	4h	744.65	+0.020%	$62K	$344K	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	744.13	−0.050%	—	—	5x	as long as short
Nado META-PERP	+0.0074%	1h	743.80	−0.094%	$479K	$560K	20x	as long as short
Lighter RH META	+0.0080%	1h	744.48	−0.003%	$788K	$3.1M	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	745.19	+0.092%	$46K	$88K	10x	as long as short
Pacifica META	+0.0100%	1h	744.48	−0.002%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.44	−0.008%	$1.6M	$708K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.68	−0.110%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.38	−0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.04	−0.061%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.65	+0.020%	$654K	$7.9M	10x	as long as short
Popdex METAUSDTshort	+0.0128%	1h	744.37	−0.017%	$177K	$203K	20x
Injective META/USDC PERP	+0.0220%	1h	748.52	+0.540%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0408%	1h	744.65	+0.020%	$33K	$105	20x	as long as short
Lighter META	+0.0512%	1h	744.63	+0.017%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:METAlong	+0.0553%	1h	744.50	long leg	$80.5M	$129.2M	20x
Phoenix META	+0.0750%	1h	746.46	+0.263%	$797K	$1.5M	20x	as long as short