META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0247%/8h= −27.0% APRnext payment −$0.31 per $10,000 · paid last 24h +0.070%

Price spread now: Extended against Deribit−0.011%7-day average +0.034% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.133%+$13 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.011%, 7d avg +0.034%

Together, before fees+0.089%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Extended is 0.046% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.034%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.133%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	745.32	0.0247	pay 0.0031% / 1h	44m 09s	$34K	$271K	10x
Short	Extended META_24_5-USD	745.24	0	get 0.0000% / 1h	44m 09s	$552K	$2.6M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$51.8
Price spread: −0.011% → +0.034%: −$4.56
Slippage, 4 orders: −$13.56
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$81.92
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Deribit: live order book, 64 min ago; Extended: live order book, 5 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, 64 min ago	0.07 bp	11.3 bp −$11	12.9 bp −$129	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.34 bp	5.4 bp −$5	32.1 bp −$321	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	745.51	+0.025%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0022%	1h	745.05	−0.036%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.50	+0.024%	$479K	$593K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	745.24	−0.011%	$552K	$2.6M	17x
Binance METAUSDT	0.0000%	8h	745.39	+0.009%	$25.3M	$187.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.27	−0.007%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.54	+0.030%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.81	−0.068%	$457K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.36	+0.005%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.37	+0.007%	$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	+0.036%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.39	+0.009%	$552	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.16	−0.021%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.95	+0.085%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.24	−0.011%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0040%	1h	745.71	+0.052%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.11	−0.028%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.69	+0.050%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.37	+0.007%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.99	−0.044%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.36	+0.005%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.94	−0.051%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	745.35	+0.004%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.39	+0.143%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.48	+0.021%	$1.6M	$671K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.89	−0.058%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.48	+0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.28	−0.005%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	+0.015%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.445%	$173K	$46K	30x	as long as short
Deribit META_USDC-PERPETUALlong	+0.0247%	1h	745.32	long leg	$34K	$271K	10x
edgeX METAUSDC	+0.0385%	4h	745.39	+0.010%	$62K	$344K	10x	as long as short
Lighter META	+0.0392%	1h	745.87	+0.074%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0448%	1h	745.78	+0.062%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0548%	1h	745.71	+0.052%	$76.9M	$127.1M	20x	as long as short
Phoenix META	+0.0739%	1h	747.27	+0.262%	$798K	$1.5M	20x	as long as short