META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.005%

Price spread now: KuCoin against Bybit−0.069%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1091.095% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$18 on $10k

Price spread, last 7 days+0.125%+$12 · spread now −0.069%, 7d avg −0.044%

Together, before fees+0.310%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.044%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	744.42	0	get 0.0000% / 8h	4h 11m	$7.7M	$14.1M	100x
Short	KuCoin METAUSDTM	743.91	0.0100	get 0.0100% / 8h	4h 11m	$1.6M	$552K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.069%Rate

Funding earned: $21
Price spread: −0.069% → −0.044%: −$2.45
Slippage, 4 orders: −$86.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$90.9
Costs to cover: 1.095%
Break-even: 37.3 days

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 4 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, 1 min ago	1.81 bp	9.3 bp −$9	17.8 bp −$178	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.43 bp	58.8 bp −$59	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	743.99	−0.058%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0012%	1h	743.06	−0.182%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.53	−0.120%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.18	−0.032%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.42	0.000%	$28.1M	$182.3M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	744.42	long leg	$7.7M	$14.1M	100x
OKX META-USDT-SWAP	0.0000%	8h	744.28	−0.019%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.62	−0.107%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.28	−0.019%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	743.81	−0.082%	$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	744.01	−0.055%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.12	−0.040%	$783	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.81	−0.082%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.08	−0.046%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.01	−0.055%	$775K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.78	−0.086%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.56	−0.116%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.06	−0.048%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.11	−0.042%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.61	−0.109%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.96	−0.062%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.12	−0.175%	$800K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0079%	8h	743.70	−0.096%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.53	+0.015%	$52K	$82K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	743.91	−0.069%	$1.6M	$552K	20x
ApeX Omni METAUSDT	+0.0100%	1h	743.11	−0.176%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.98	−0.059%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.80	−0.083%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	−0.089%	$615K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	743.85	−0.077%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.67	+0.302%	$172K	$48K	30x	as long as short
Lighter META	+0.0272%	1h	743.99	−0.058%	$865K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0287%	1h	744.23	−0.026%	$69.7M	$120.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0329%	1h	743.58	−0.113%	$31K	$246K	10x	as long as short
edgeX METAUSDC	+0.0485%	4h	743.87	−0.074%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.70	+0.038%	$705K	$1.2M	20x	as long as short