META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.001%

Price spread now: Injective against Arcus−0.120%101s7-day average +0.317% · 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—prices read too far apart to compare

costs, in and out, $10k−$800.797% of the position

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.407%+$41 · spread now −0.120%, 7d avg +0.317%

Together, before fees+0.501%+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.437% cheaper against Arcus than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.317%). If the spread goes back, that is −$44 on $10k: about 8.1 days of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.094% in total) that is about 17 days. The two prices were read 101 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	Arcus META-USD	743.55	0.0040	pay 0.0005% / 1h	13m 32s	$110K	$330K	10x
Short	Injective META/USDC PERP	742.66	0.0220	get 0.0028% / 1h	13m 32s	$171K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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 ArcusbpFee InjectivebpOrdersPrice spread, now −0.120%Rate

Funding earned: $37.74
Price spread: −0.120% → +0.317%: −$43.69
Slippage, 4 orders: −$75.13
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$85.6
Costs to cover: 0.797%
Break-even: 22.9 days

Slippage from Arcus: live order book, 45 min ago; Injective: live order book, 45 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 Arcus live order book, 45 min ago	3.30 bp	8.7 bp −$9	14.0 bp −$140	doesn't fit	doesn't fit
Sell Injective live order book, 45 min ago	17.52 bp	41.9 bp −$42	doesn't fit	doesn't fit	doesn't fit

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
BloFin META-USDT	−0.0120%	8h	743.98	+0.058%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0019%	1h	743.39	−0.021%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.34	−0.028%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.83	+0.037%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.03	+0.065%	$28.0M	$181.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.94	+0.052%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.00	+0.061%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.42	−0.017%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.77	+0.030%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	743.81	+0.035%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.92	+0.050%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.11	+0.075%	$934	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.99	+0.059%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.59	+0.005%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.99	+0.059%	$775K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.76	+0.028%	$2.2M	$13.7M	10x	as long as short
Arcus META-USDlong	+0.0040%	1h	743.55	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	744.01	+0.062%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.97	+0.056%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.70	+0.020%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.96	+0.055%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.32	−0.031%	$800K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	743.78	+0.031%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.98	+0.057%	$52K	$82K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0100%	1h	743.46	−0.012%	$31K	$246K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.79	+0.032%	$1.6M	$550K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.07	−0.065%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.14	+0.079%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.84	+0.039%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	+0.028%	$615K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0168%	1h	743.97	+0.056%	$33K	$105	20x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	742.66	−0.120%	$171K	$48K	30x
Lighter META	+0.0264%	1h	743.96	+0.055%	$865K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0277%	1h	743.83	+0.038%	$69.6M	$120.6M	20x	as long as short
edgeX METAUSDC	+0.0485%	4h	743.87	+0.043%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.70	+0.155%	$701K	$1.2M	20x	as long as short