META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.014%

Price spread now: Deribit against ApeX Omni+0.018%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.117%−$12 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now +0.018%, 7d avg −0.015%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.032% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.015%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	741.40	0.0100	pay 0.0013% / 1h	52m 33s	$166K	$71K	50x
Short	Deribit META_USDC-PERPETUAL	741.53	0	get 0.0000% / 1h	52m 33s	$31K	$245K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$21
Price spread: +0.018% → −0.015%: $3.23
Slippage, 4 orders: −$38.4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$73.18
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 8 min ago; Deribit: live order book, 11 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 ApeX Omni live order book, 8 min ago	2.57 bp	21.5 bp −$22	335.4 bp −$3,354	doesn't fit	doesn't fit
Sell Deribit live order book, 11 min ago	0.07 bp	3.6 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit

META on 35 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	−0.0067%	1h	741.57	+0.022%	$479K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.52	+0.016%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.61	+0.028%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.76	+0.049%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.75	+0.047%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.92	+0.070%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.54	+0.019%	$356K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.92	+0.070%	$5.4M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.87	+0.064%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.09	+0.093%	$12K	$430K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.78	+0.051%	$780	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	741.53	+0.018%	$31K	$245K	10x
HTX META-USDT	0.0000%	8h	741.72	+0.043%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.11	+0.096%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.03	+0.085%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.74	+0.046%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.38	−0.003%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.08	+0.092%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.94	+0.073%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.76	+0.049%	$559K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.87	+0.063%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.32	−0.011%	$703K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	741.65	+0.033%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	742.39	+0.133%	$49K	$81K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.057%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.77	+0.050%	$1.6M	$504K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	741.40	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.94	+0.073%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.77	+0.050%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0192%	4h	741.75	+0.048%	$62K	$335K	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	741.91	+0.069%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.66	−0.100%	$171K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	742.01	+0.082%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0323%	1h	742.02	+0.084%	$68.7M	$119.7M	20x	as long as short
Phoenix META	+0.0496%	1h	742.71	+0.177%	$487K	$1.1M	20x	as long as short