META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.049%

Price spread now: Injective against Deribit−0.024%7-day average +0.352% · 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−$102as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.288%+$29 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.024%, 7d avg +0.352%

Together, before fees+0.381%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.376% cheaper against Deribit than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.352%). If the spread goes back, that is −$38 on $10k: about 6.3 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	741.58	0.0020	pay 0.0002% / 1h	26m 45s	$31K	$245K	10x
Short	Injective META/USDC PERP	741.40	0.0220	get 0.0028% / 1h	26m 45s	$171K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.024%Rate

Funding earned: $42.07
Price spread: −0.024% → +0.352%: −$37.64
Slippage, 4 orders: −$56.95
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$59.54
Costs to cover: 0.640%
Break-even: 16.9 days

Slippage from Deribit: live order book, 37 min ago; Injective: live order book, 37 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, 37 min ago	0.07 bp	10.1 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Injective live order book, 37 min ago	17.75 bp	32.5 bp −$33	doesn't fit	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	742.22	+0.086%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0027%	1h	741.43	−0.020%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.024%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.98	+0.054%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.24	+0.088%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.98	+0.054%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.25	+0.090%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.85	+0.036%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.03	+0.061%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	742.15	+0.077%	$2.3M	$3.1M	—	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	742.16	+0.078%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.39	+0.109%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.95	+0.050%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.60	+0.138%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUALlong	+0.0020%	1h	741.58	long leg	$31K	$245K	10x
Lighter RH META	+0.0032%	1h	742.36	+0.105%	$764K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.93	+0.047%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.68	+0.013%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.25	+0.090%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.23	+0.088%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.94	+0.049%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.18	+0.081%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.34	−0.032%	$721K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	742.05	+0.063%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	742.63	+0.141%	$50K	$82K	10x	as long as short
edgeX METAUSDC	+0.0086%	4h	742.47	+0.120%	$62K	$334K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.03	+0.061%	$624K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.20	+0.084%	$1.6M	$519K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.72	+0.019%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.04	+0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.91	+0.045%	$267	—	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	741.40	−0.024%	$171K	$48K	30x
Hotstuff META-PERP	+0.0248%	1h	742.12	+0.073%	$33K	$105	20x	as long as short
Lighter META	+0.0264%	1h	742.31	+0.098%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0346%	1h	742.26	+0.092%	$69.2M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	743.31	+0.233%	$544K	$1.1M	20x	as long as short