Funding you earn now, next payment 01:00 UTC+0.0267%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.046%
Price spread now: Phoenix against Vest+0.091%58s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.091% dearer against Vest than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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 | Vest META-USD-PERP | 740.24 | 0.0046 | pay 0.0006% / 1h | 48m 12s | — | $11K | 25x |
| Short | Phoenix META | 740.91 | 0.0313 | get 0.0039% / 1h | 48m 12s | $364K | $1.1M | 20x |
Vest META-USD-PERP
Phoenix METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $56.14
- Price spread: +0.091% → 0.000%
- $9.05
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $56.19
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 5 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 5 min ago | 2.97 bp | 10.1 bp −$10 | 20.6 bp −$206 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado META-PERP | −0.0188% | 1h | 739.64 | −0.081% | $478K | $544K | 20x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 739.99 | −0.034% | $327K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.36 | +0.017% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.84 | −0.054% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.05 | −0.025% | $27.4M | $179.3M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 739.86 | −0.051% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.99 | −0.034% | $5.9M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.94 | −0.041% | $351K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.13 | −0.015% | $5.5M | $11.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.19 | −0.007% | $2.4M | $3.3M | — | as long as short |
Nado META-PERP
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.28 | +0.005% | $13K | $452K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.18 | −0.008% | $742 | $9.2M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.55 | −0.093% | $30K | $244K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.78 | −0.062% | $105K | $295K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.46 | +0.030% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 739.83 | −0.055% | $2.2M | $14.1M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.08 | −0.022% | $750K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 739.80 | −0.059% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERPlong | +0.0046% | 1h | 740.24 | long leg | — | $11K | 25x | |
| Popdex METAUSDT | +0.0048% | 1h | 740.08 | −0.022% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.80 | −0.059% | $557K | $855K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.93 | −0.042% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.80 | −0.059% | $693K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0057% | 8h | 739.75 | −0.067% | — | — | 5x | as long as short |
| Lighter META | +0.0064% | 1h | 740.02 | −0.030% | $856K | $2.4M | 20x | as long as short |
| Aftermath Perps METAUSD | +0.0068% | 1h | 740.68 | +0.059% | $48K | $80K | 10x | as long as short |
| Hotstuff META-PERP | +0.0080% | 1h | 740.09 | −0.020% | $33K | $105 | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 739.99 | −0.034% | $1.6M | $463K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.70 | −0.073% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.83 | −0.055% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.66 | −0.078% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 740.05 | −0.026% | $610K | $7.3M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 742.52 | +0.308% | $171K | $48K | 30x | as long as short |
| tradeXYZ xyz:META | +0.0231% | 1h | 740.16 | −0.011% | $68.3M | $120.4M | 20x | as long as short |
| Phoenix METAshort | +0.0313% | 1h | 740.91 | +0.091% | $364K | $1.1M | 20x | |
| edgeX METAUSDC | +0.0523% | 4h | 740.27 | +0.004% | $62K | $335K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Arcus META-USD
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Lighter META
Aftermath Perps METAUSD
Hotstuff META-PERP
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
tradeXYZ xyz:META
edgeX METAUSDC