META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.030%

Price spread now: BloFin against Bybit+0.031%72s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.355% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.031%, 7d avg +0.017%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 72 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	Bybit METAUSDT	743.79	0	get 0.0000% / 8h	2h 24m	$7.3M	$15.1M	100x
Short	BloFin META-USDT	744.02	−0.0120	pay 0.0120% / 8h	2h 24m	$331K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$25.2
Price spread: +0.031% → +0.017%: $1.39
Slippage, 4 orders: −$12.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$59.34
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 3 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 Bybit live order book, 4 min ago	1.95 bp	10.3 bp −$10	16.7 bp −$167	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.07 bp	8.2 bp −$8	11.0 bp −$110	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-USDTshort	−0.0120%	8h	744.02	+0.031%	$331K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	744.32	+0.071%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.46	−0.044%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.67	−0.016%	$27.6M	$182.7M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	743.79	long leg	$7.3M	$15.1M	100x
OKX META-USDT-SWAP	0.0000%	8h	743.84	+0.007%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.23	−0.075%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.89	+0.013%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.020%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.092%	$12K	$442K	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	743.94	+0.020%	$782	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.40	−0.052%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.48	−0.042%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.27	−0.070%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0020%	1h	743.68	−0.014%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.92	+0.017%	$769K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.21	−0.078%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.16	+0.050%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.69	−0.013%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.72	−0.009%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.38	−0.055%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.72	−0.009%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.52	−0.036%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0075%	8h	743.78	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.33	+0.072%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.72	−0.009%	$1.6M	$646K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.02	−0.104%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.78	−0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.65	−0.019%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	−0.028%	$655K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0212%	4h	743.26	−0.071%	$62K	$339K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.284%	$172K	$46K	30x	as long as short
Lighter META	+0.0312%	1h	744.07	+0.038%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.14	+0.047%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0438%	1h	744.08	+0.039%	$74.8M	$124.9M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.048%	$795K	$1.4M	20x	as long as short