META

Alert

Funding spread now, next payment 15:00 UTC−0.0331%/8h

paid, last 24h−0.021%paid, last 3 days−0.090%to open and close $10k−$36

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.090% in total (about -10.9% a year). A funding rate is set anew for every payment. 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	712.65	0.0356	pay 0.0044% / 1h	37m 44s	$283K	$240K	10x
Short	Bybit METAUSDT	712.87	0.0025	get 0.0025% / 8h	1h 37m	$6.6M	$6.4M	100x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee BybitbpOrdersRate

Funding earned: −$69.48
Slippage, 4 orders: −$20.05
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$105.03
Break-even: never at this rate

Slippage from Arcus: live order book, 17 min ago; Bybit: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.031%
Avg gap 7d: +0.025%

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, 17 min ago	2.66 bp	5.2 bp −$5	6.2 bp −$62	8.5 bp −$854	doesn't fit
Sell Bybit live order book, 2 min ago	1.68 bp	12.3 bp −$12	26.4 bp −$264	doesn't fit	doesn't fit

META on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex METAUSDT	−0.0237%	4h	$1.9M	$4K	10x	as long as short
BloFin META-USDT	−0.0092%	8h	$341K	$411K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$453K	$55K	20x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.2M	$6.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	$395K	$2.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$4.8M	$5.5M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.4M	$1.8M	—	as long as short
SunX META-USDT	0.0000%	8h	$1K	$6.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$29K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	$101K	$264K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended META_24_5-USD	+0.0024%	1h	$509K	$1.3M	17x	as long as short
Bybit METAUSDTshort	+0.0025%	8h	$6.6M	$6.4M	100x
Binance METAUSDT	+0.0025%	8h	$25.9M	$74.4M	20x	as long as short
Lighter META	+0.0032%	1h	$695K	$2.0M	20x	as long as short
Lighter RH META	+0.0032%	1h	$780K	$2.3M	20x	as long as short
QFEX META-USD	+0.0033%	1h	$1.8M	$5.1M	10x	as long as short
Nado META-PERP	+0.0033%	1h	$441K	$69K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$6K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	$32K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	$164K	$147K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$62.9M	$41.8M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$647K	$465K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$23K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$946K	$2.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	$685K	$4.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$119K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$112K	$46K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
Aevo META-PERP	+0.0104%	1h	$256	—	10x	as long as short
Injective META/USDC PERP	+0.0147%	1h	$162K	$164K	30x	as long as short
Phoenix META	+0.0169%	1h	$231K	$255K	20x	as long as short
edgeX METAUSDC	+0.0213%	4h	$60K	$322K	10x	as long as short
Aftermath Perps METAUSD	+0.0268%	1h	$43K	$47K	10x	as long as short
Arcus META-USDlong	+0.0356%	1h	$283K	$240K	10x