META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.027%

Price spread now: Popdex against Arcus+0.054%7-day average +0.034% · 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−$27as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Arcus Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.054%, 7d avg +0.034%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.020% dearer against Arcus than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	740.01	0.0040	pay 0.0005% / 1h	58m 03s	$110K	$331K	10x
Short	Popdex METAUSDT	740.41	0.0048	get 0.0006% / 1h	58m 03s	$176K	$197K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.054%Rate

Funding earned: $1.62
Price spread: +0.054% → +0.034%: $2.01
Slippage, 4 orders: −$17.9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$25.16
Costs to cover: 0.288%
Break-even: 115.6 days

Slippage from Arcus: live order book, 11 min ago; Popdex: 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 Arcus live order book, 11 min ago	2.84 bp	6.5 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Popdex live order book, 11 min ago	0.27 bp	3.9 bp −$4	7.0 bp −$70	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
Nado META-PERP	−0.0204%	1h	740.38	+0.050%	$490K	$527K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0155%	1h	740.00	−0.001%	$30K	$246K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	740.34	+0.045%	$326K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.41	+0.054%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.30	+0.039%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.46	+0.061%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.59	+0.078%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.11	+0.014%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.20	+0.026%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.43	+0.057%	$5.6M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.22	+0.028%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.061%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.43	+0.057%	$801	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.21	+0.027%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.56	+0.074%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.18	+0.023%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.68	+0.091%	$753K	$3.0M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	740.01	long leg	$110K	$331K	10x
Vest META-USD-PERP	+0.0046%	1h	740.83	+0.111%	—	$11K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	740.59	+0.078%	$33K	$105	20x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	740.41	+0.054%	$176K	$197K	20x
Polymarket Perps META-USD	+0.0050%	1h	740.18	+0.023%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.39	+0.051%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.86	−0.020%	$693K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.39	+0.051%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	741.00	+0.134%	$48K	$80K	10x	as long as short
Lighter META	+0.0080%	1h	740.60	+0.080%	$857K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.63	+0.084%	$1.6M	$456K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.26	+0.034%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.47	+0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.22	+0.028%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.19	+0.024%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0157%	1h	740.60	+0.080%	$68.0M	$121.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.380%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.06	+0.142%	$343K	$920K	20x	as long as short
edgeX METAUSDC	+0.0352%	4h	740.50	+0.066%	$62K	$336K	10x	as long as short