META

Alert

Funding spread now, next payment 19:00 UTC−0.0189%/8h

next payment, per $10,000−$0.24paid, last 24h−0.010%paid, last 3 days−0.006%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.006% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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	Arcus META-USD	743.07	0.0478	pay 0.0060% / 1h	55m 24s	$270K	$302K	10x
Short	Aftermath Perps METAUSD	743.89	0.0289	get 0.0036% / 1h	55m 24s	$44K	$46K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee Aftermath PerpsbpOrdersRate

Funding earned: −$39.68
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$53.18
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 45 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.110%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Arcus live order book, 45 min ago	2.66 bp	4.9 bp −$5	4.9 bp −$49	6.3 bp −$630	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0020%	8h	$332K	$953K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$458K	$261K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$550K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$26.7M	$140.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.9M	$10.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.0M	$11.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	$344K	$4.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$5.8M	$9.0M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.5M	$2.2M	—	as long as short
Phoenix META	0.0000%	1h	$275K	$618K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	$1K	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$28K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	$106K	$280K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	$2.0M	$6K	10x	as long as short
Nado META-PERP	+0.0011%	1h	$394K	$173K	20x	as long as short
QFEX META-USD	+0.0026%	1h	$2.0M	$10.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	$691K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$172K	$184K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$637K	$6.4M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$71.5M	$73.2M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$672K	$520K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$757K	$3.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
Lighter META	+0.0064%	1h	$857K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.6M	$269K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	$268	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$169K	$76K	30x	as long as short
Aftermath Perps METAUSDshort	+0.0289%	1h	$44K	$46K	10x
Arcus META-USDlong	+0.0478%	1h	$270K	$302K	10x
edgeX METAUSDC	+0.0902%	4h	$62K	$326K	10x	as long as short