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

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC−0.0048%/8h
next payment, per $10,000−$0.06paid, last 24h+0.055%paid, last 7 days+0.456%to open and close $10k−$37
Long on Coinbase InternationalShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International META-PERP-INTX742.510.0048pay 0.0006% / 1h50m 43s$634K$6.3M10x
ShortPhoenix META742.390get 0.0000% / 1h50m 43s$274K$618K20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$10.08
Slippage, 4 orders
−$20.32
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$47.4
Break-even
never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Phoenix: live order book, 48 min ago.

Price risk

price view
Price gap now
−0.016%
Avg gap 7d
+0.092%
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 Coinbase International live order book, 5 min ago2.36 bp8.2 bp −$811.7 bp −$117doesn't fitdoesn't fit
Sell Phoenix live order book, 48 min ago2.99 bp10.1 bp −$1020.5 bp −$205doesn't fitdoesn't fit

META on 35 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado META-PERP−0.0020%1h$392K$173K20xas long as short
BloFin META-USDT−0.0009%8h$331K$955K20xas long as short
Aster METAUSDT0.0000%8h$457K$265K20xas long as short
Extended META_24_5-USD0.0000%1h$550K$1.4M17xas long as short
Binance METAUSDT0.0000%8h$26.7M$141.8M20xas long as short
Bybit METAUSDT0.0000%8h$7.9M$10.6M100xas long as short
OKX META-USDT-SWAP0.0000%8h$5.9M$11.2M20xas long as short
Gate META_USDT0.0000%8h$340K$4.5M100xas long as short
Bitget METAUSDT0.0000%8h$5.7M$9.0M100xas long as short
Variational Omni META0.0000%8h$1.5M$2.2M—as long as short
Show all 35 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phoenix METAshort0.0000%1h$274K$618K20x
SunX META-USDT0.0000%8h$1K$9.4M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h$28K$266K10xas long as short
HTX META-USDT0.0000%8h$105K$279K30xas long as short
Phemex METAUSDT0.0000%4h$2.0M$6K10xas long as short
QFEX META-USD+0.0026%1h$2.0M$10.8M10xas long as short
Lighter RH META+0.0032%1h$690K$2.8M20xas long as short
Vest META-USD-PERP+0.0046%1h—$9K25xas long as short
Lighter META+0.0048%1h$855K$2.4M20xas long as short
Popdex METAUSDT+0.0048%1h$172K$184K20xas long as short
Coinbase International META-PERP-INTXlong+0.0048%1h$634K$6.3M10x
tradeXYZ xyz:META+0.0050%1h$71.3M$73.5M20xas long as short
Polymarket Perps META-USD+0.0050%1h$672K$520K10xas long as short
SoDEX META-USD+0.0050%1h$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h$737K$3.3M10xas long as short
Paradex META-USD-PERP+0.0051%8h——5xas long as short
KuCoin METAUSDTM+0.0100%8h$1.6M$272K20xas long as short
ApeX Omni METAUSDT+0.0100%1h$166K$72K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h$1K—10xas long as short
Aevo META-PERP+0.0104%1h$267—10xas long as short
Hotstuff META-PERP+0.0176%1h$33K$10520xas long as short
edgeX METAUSDC+0.0209%4h$62K$327K10xas long as short
Injective META/USDC PERP+0.0220%1h$169K$76K30xas long as short
Aftermath Perps METAUSD+0.0295%1h$44K$46K10xas long as short
Arcus META-USD+0.0478%1h$270K$302K10xas long as short