Settings8H · net · $10k
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Funding arb · Price arb /

META

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Alert: spread
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Funding you earn now, next payment 10:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.004%
Price spread now: ApeX Omni against Coinbase International+0.068%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$510.514% of the position
Long on Coinbase InternationalShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.272%+$27 on $10k
Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.068%, 7d avg +0.055%
Together, before fees+0.087%+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International META-PERP-INTX738.800.0064pay 0.0008% / 1h27m 04s$650K$7.5M10x
ShortApeX Omni METAUSDT739.300.0100get 0.0013% / 1h27m 04s$166K$71K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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

Funding earned
$7.56
Price spread: +0.068% → +0.055%
$1.24
Slippage, 4 orders
−$31.39
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$42.59
Costs to cover
0.514%
Break-even
46.4 days
Slippage from Coinbase International: live order book, 5 min ago; ApeX Omni: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago2.37 bp7.8 bp −$810.5 bp −$105doesn't fitdoesn't fit
Sell ApeX Omni live order book, 17 min ago2.63 bp16.1 bp −$16568.3 bp −$5,683doesn't fitdoesn't fit

META on 37 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff META-PERP−0.1600%1h739.95+0.156%$33K$10520xas long as short
BloFin META-USDT−0.0120%8h740.01+0.164%$338K$1.1M20xas long as short
Aster METAUSDT0.0000%8h740.00+0.162%$492K$628K20xas long as short
Extended META_24_5-USD0.0000%1h739.23+0.058%$545K$3.3M17xas long as short
Binance METAUSDT0.0000%8h739.47+0.091%$25.6M$192.9M20xas long as short
Bybit METAUSDT0.0000%8h739.14+0.046%$7.5M$16.1M100xas long as short
OKX META-USDT-SWAP0.0000%8h739.30+0.068%$6.0M$12.9M20xas long as short
Gate META_USDT0.0000%8h739.43+0.085%$462K$6.4M100xas long as short
Bitget METAUSDT0.0000%8h739.21+0.055%$5.7M$12.1M100xas long as short
Variational Omni META0.0000%8h740.19+0.188%$2.5M$3.0M—as long as short
Show all 37 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT META_USDT_Perp0.0000%8h740.39+0.215%$12K$432K10xas long as short
SunX META-USDT0.0000%8h740.11+0.177%$730$7.2M20xas long as short
HTX META-USDT0.0000%8h739.38+0.079%$106K$307K30xas long as short
Phemex METAUSDT0.0000%4h740.43+0.221%$2.0M$8K10xas long as short
Lighter RH META+0.0032%1h739.54+0.100%$870K$2.8M20xas long as short
QFEX META-USD+0.0038%1h740.06+0.171%$2.1M$13.9M10xas long as short
Arcus META-USD+0.0040%1h739.96+0.157%$111K$290K10xas long as short
Vest META-USD-PERP+0.0046%1h739.99+0.161%—$11K25xas long as short
Polymarket Perps META-USD+0.0050%1h739.76+0.130%$557K$612K10xas long as short
SoDEX META-USD+0.0050%1h739.42+0.084%$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h739.54+0.100%$744K$5.0M10xas long as short
Paradex META-USD-PERP+0.0061%8h739.92+0.152%——5xas long as short
Coinbase International META-PERP-INTXlong+0.0064%1h738.80long leg$650K$7.5M10x
Aftermath Perps METAUSD+0.0076%1h740.88+0.281%$53K$86K10xas long as short
Pacifica META+0.0100%1h739.42+0.084%$614$3K10xas long as short
KuCoin METAUSDTM+0.0100%8h739.74+0.127%$1.6M$899K20xas long as short
ApeX Omni METAUSDTshort+0.0100%1h739.30+0.068%$166K$71K50x
Orderly PERP_META_USDC_mythos+0.0100%8h739.77+0.131%$1K$9410xas long as short
Aevo META-PERP+0.0104%1h739.41+0.082%$266—10xas long as short
Popdex METAUSDT+0.0112%1h740.06+0.171%$178K$198K20xas long as short
Nado META-PERP+0.0124%1h739.56+0.103%$474K$540K20xas long as short
Injective META/USDC PERP+0.0220%1h741.63+0.383%$167K$61K30xas long as short
tradeXYZ xyz:META+0.0329%1h739.32+0.070%$86.8M$136.2M20xas long as short
Lighter META+0.0344%1h739.49+0.093%$1.2M$2.7M20xas long as short
Deribit META_USDC-PERPETUAL+0.0413%1h739.15+0.047%$36K$213K10xas long as short
edgeX METAUSDC+0.0544%4h740.29+0.202%$62K$348K10xas long as short
Phoenix META+0.0613%1h740.94+0.290%$791K$1.5M20xas long as short