META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.054%

Price spread now: Nado against Arcus+0.062%7-day average −0.004% · 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−$33as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.205%−$20 on $10k

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.062%, 7d avg −0.004%

Together, before fees−0.409%+ Points / potential airdropNado: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.066% dearer against Arcus than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.004%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 3 days (−0.205% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	746.15	0.0040	pay 0.0005% / 1h	14m 01s	$111K	$330K	10x
Short	Nado META-PERP	746.62	0.0000	pay 0.0000% / 1h	14m 01s	$483K	$554K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.062%Rate

Funding earned: −$8.49
Price spread: +0.062% → −0.004%: $6.62
Slippage, 4 orders: −$27.91
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$41.27
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from Arcus: live order book, 40 min ago; Nado: live order book, 39 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, 40 min ago	3.96 bp	9.0 bp −$9	12.7 bp −$127	doesn't fit	doesn't fit
Sell Nado live order book, 39 min ago	0.67 bp	5.1 bp −$5	13.2 bp −$132	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	746.68	+0.071%	$331K	$1.1M	20x	as long as short
Nado META-PERPshort	0.0000%	1h	746.62	+0.062%	$483K	$554K	20x
Aster METAUSDT	0.0000%	8h	746.67	+0.070%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.92	+0.103%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.13	+0.131%	$28.5M	$182.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.45	+0.174%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.27	+0.150%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.62	+0.063%	$381K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.53	+0.052%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.37	+0.029%	$13K	$452K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.17	+0.137%	$997	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.45	+0.040%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.83	+0.091%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.53	+0.185%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	747.06	+0.122%	$783K	$2.9M	20x	as long as short
Bitget METAUSDT	+0.0032%	8h	747.12	+0.130%	$5.5M	$11.8M	100x	as long as short
Arcus META-USDlong	+0.0040%	1h	746.15	long leg	$111K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	747.11	+0.129%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.06	+0.122%	$588K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.91	+0.102%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.37	+0.029%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.01	+0.115%	$2.2M	$13.7M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	746.73	+0.078%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	747.00	+0.114%	$52K	$82K	10x	as long as short
edgeX METAUSDC	+0.0085%	4h	746.26	+0.015%	$62K	$339K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.19	+0.139%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.79	+0.086%	$1.6M	$619K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.61	−0.072%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.78	+0.084%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.70	+0.074%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.89	+0.099%	$651K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.312%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.74	+0.079%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	747.60	+0.194%	$868K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0325%	1h	747.38	+0.165%	$71.1M	$121.3M	20x	as long as short
Phoenix META	+0.0633%	1h	747.45	+0.174%	$798K	$1.4M	20x	as long as short