data as of
Settings8H · net · $10k
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Funding arb /

META

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Funding spread now, next payment 13:00 UTC+0.0197%/8h
paid, last 24h+0.050%paid, last 7 days+0.396%to open and close $10k−$37
Long on BitgetShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget METAUSDT680.340.0014pay 0.0014% / 8h2h 34m$4.7M$3.9M100x
ShortPhoenix META680.950.0211get 0.0026% / 1h34m 25s$254K$145K20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$41.42
Slippage, 4 orders
−$18.15
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$4.27
Break-even
6.3 days
Slippage from Bitget: live order book, 5 min ago; Phoenix: live order book, 23 min ago.

Price risk

price view
Price gap now
+0.090%
Avg gap 7d
−0.029%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago0.51 bp9.2 bp −$915.6 bp −$15638.5 bp −$3,845doesn't fit
Sell Phoenix live order book, 23 min ago2.49 bp9.0 bp −$917.7 bp −$177doesn't fitdoesn't fit

META on 35 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin META-USDT−0.0054%8h$328K$293K20xas long as short
Aster METAUSDT0.0000%8h$451K$7K20xas long as short
OKX META-USDT-SWAP0.0000%8h$5.8M$4.4M20xas long as short
Gate META_USDT0.0000%8h$451K$1.4M100xas long as short
SunX META-USDT0.0000%8h$622$4.5M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h$35K$228K10xas long as short
HTX META-USDT0.0000%8h$104K$234K30xas long as short
Phemex METAUSDT0.0000%4h$1.8M$4K10xas long as short
Variational Omni META+0.0006%8h$1.6M$1.1M—as long as short
Bitget METAUSDTlong+0.0014%8h$4.7M$3.9M100x
Show all 35 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter RH META+0.0032%1h$931K$1.6M20xas long as short
Vest META-USD-PERP+0.0046%1h—$3K25xas long as short
Aftermath Perps METAUSD+0.0046%1h$39K$44K10xas long as short
Hotstuff META-PERP+0.0048%1h$30K—20xas long as short
QFEX META-USD+0.0050%1h$1.8M$3.9M10xas long as short
SoDEX META-USD+0.0050%1h$23K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h$1.1M$1.8M10xas long as short
Paradex META-USD-PERP+0.0060%8h——5xas long as short
Binance METAUSDT+0.0064%8h$24.2M$36.4M20xas long as short
Extended META_24_5-USD+0.0064%1h$498K$1.2M17xas long as short
Polymarket Perps META-USD+0.0069%1h$624K$388K10xas long as short
Nado META-PERP+0.0070%1h$427K$55K20xas long as short
KuCoin METAUSDTM+0.0100%8h$1.4M$72K20xas long as short
ApeX Omni METAUSDT+0.0100%1h$83K$34K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h$1K—10xas long as short
Aevo META-PERP+0.0104%1h$245—10xas long as short
Coinbase International META-PERP-INTX+0.0104%1h$709K$3.0M10xas long as short
tradeXYZ xyz:META+0.0106%1h$71.9M$21.1M20xas long as short
Bybit METAUSDT+0.0129%8h$6.7M$3.9M100xas long as short
Lighter META+0.0152%1h$688K$1.6M20xas long as short
Popdex METAUSDT+0.0152%1h$163K$134K20xas long as short
Phoenix METAshort+0.0211%1h$254K$145K20x
Injective META/USDC PERP+0.0220%1h$206K$149K30xas long as short
Arcus META-USD+0.0472%1h$269K$216K10xas long as short
edgeX METAUSDC+0.0997%4h$57K$322K10xas long as short