META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.17 per $10,000 · paid last 24h +0.042%

Price spread now: tradeXYZ against Coinbase International−0.061%50s7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as 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−$370.365% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.061%, 7d avg +0.079%

Together, before fees+0.272%+ Points / potential airdroptradeXYZ: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.139% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.079%). If the spread goes back, that is −$14 on $10k: about 3.4 days of funding at the current rate (+$4 a day). The two prices were read 50 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	Coinbase International META-PERP-INTX	740.66	0.0104	pay 0.0013% / 1h	13m 25s	$609K	$7.2M	10x
Short	tradeXYZ xyz:META	740.21	0.0241	get 0.0030% / 1h	13m 25s	$68.3M	$120.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee tradeXYZbpOrdersPrice spread, now −0.061%Rate

Funding earned: $28.76
Price spread: −0.061% → +0.079%: −$13.94
Slippage, 4 orders: −$8.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.7
Costs to cover: 0.365%
Break-even: 12.3 days

Slippage from Coinbase International: live order book, 6 min ago; tradeXYZ: live order book, 6 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 Coinbase International live order book, 6 min ago	2.30 bp	8.2 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.41 bp	9.7 bp −$10	10.4 bp −$104	doesn't fit	doesn't fit

META on 35 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
Deribit META_USDC-PERPETUAL	−0.0128%	1h	739.69	−0.131%	$31K	$244K	10x	as long as short
Nado META-PERP	−0.0120%	1h	740.05	−0.083%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.84	+0.024%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.00	−0.088%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.27	−0.053%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.15	−0.069%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	−0.055%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.97	−0.093%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	−0.051%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.06	−0.081%	$2.3M	$3.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.19	−0.064%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.06	−0.081%	$914	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.95	−0.096%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.23	−0.058%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.22	−0.059%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.40	−0.035%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.73	−0.126%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.54	−0.016%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.22	−0.059%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.20	−0.062%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.19	−0.063%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.36	−0.176%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	740.12	−0.073%	—	—	5x	as long as short
edgeX METAUSDC	+0.0066%	4h	739.99	−0.091%	$62K	$337K	10x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.82	+0.021%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.32	−0.046%	$1.6M	$487K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.61	−0.142%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.26	−0.054%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.10	−0.075%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0104%	1h	740.66	long leg	$609K	$7.2M	10x
Lighter META	+0.0136%	1h	740.44	−0.030%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0160%	1h	740.27	−0.053%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.90	−0.103%	$171K	$48K	30x	as long as short
tradeXYZ xyz:METAshort	+0.0241%	1h	740.21	−0.061%	$68.3M	$120.0M	20x
Phoenix META	+0.0313%	1h	740.88	+0.030%	$442K	$1.1M	20x	as long as short