META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.020%

Price spread now: Coinbase International against Deribit+0.055%59s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$270.271% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.055%, 7d avg −0.044%

Together, before fees−0.205%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.099% dearer against Deribit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.044%. Mind the row above: over the last 5 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour. The two prices were read 59 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	Deribit META_USDC-PERPETUAL	745.02	0	get 0.0000% / 1h	42m 21s	$34K	$274K	10x
Short	Coinbase International META-PERP-INTX	745.43	0.0104	get 0.0013% / 1h	42m 21s	$650K	$7.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.055%Rate

Funding earned: $21.84
Price spread: +0.055% → −0.044%: $9.86
Slippage, 4 orders: −$10.05
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.65
Costs to cover: 0.271%
Break-even: 5.5 days

Slippage from Deribit: live order book, 1 min ago; Coinbase International: live order book, 2 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 Deribit live order book, 1 min ago	0.07 bp	3.6 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.15 bp	7.8 bp −$8	10.5 bp −$105	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	745.38	+0.048%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0023%	1h	745.00	−0.002%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.56	+0.073%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.20	+0.024%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.38	+0.048%	$25.3M	$187.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.22	+0.027%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.40	+0.051%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.86	−0.021%	$458K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.34	+0.043%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.37	+0.048%	$2.4M	$3.3M	—	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	745.59	+0.077%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.21	+0.026%	$624	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	745.02	long leg	$34K	$274K	10x
HTX META-USDT	0.0000%	8h	745.20	+0.024%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.95	+0.125%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.16	+0.019%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0040%	1h	745.69	+0.090%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.01	−0.001%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.65	+0.085%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.38	+0.048%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.96	−0.008%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.34	+0.043%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.94	−0.011%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.24	+0.029%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.39	+0.183%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.46	+0.059%	$1.6M	$672K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.66	−0.048%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.42	+0.054%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.21	+0.025%	$268	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0104%	1h	745.43	+0.055%	$650K	$7.9M	10x
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.486%	$173K	$46K	30x	as long as short
Lighter META	+0.0392%	1h	745.90	+0.118%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0408%	1h	745.69	+0.090%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0538%	1h	745.71	+0.093%	$77.0M	$127.2M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.196%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0795%	4h	745.37	+0.047%	$62K	$345K	10x	as long as short