META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h +0.009%

Price spread now: QFEX against Deribit+0.058%7-day average +0.059% · 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−$28as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.058%, 7d avg +0.059%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	745.67	0	get 0.0000% / 1h	51m 43s	$31K	$266K	10x
Short	QFEX META-USD	746.10	0.0031	get 0.0004% / 1h	51m 43s	$2.2M	$13.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $6.48
Price spread: +0.058% → +0.059%: −$0.14
Slippage, 4 orders: −$11.05
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$21.71
Costs to cover: 0.281%
Break-even: 30.4 days

Slippage from Deribit: live order book, 57 min ago; QFEX: live order book, 7 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, 57 min ago	0.07 bp	11.3 bp −$11	12.9 bp −$129	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.61 bp	6.6 bp −$7	7.6 bp −$76	18.9 bp −$1,890	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	746.00	+0.044%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0050%	1h	745.67	0.000%	$483K	$558K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.70	+0.003%	$479K	$592K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.97	+0.040%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.05	+0.051%	$27.0M	$184.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.04	+0.050%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.02	+0.047%	$6.1M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.50	−0.023%	$436K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.05	+0.051%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.55	−0.015%	$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	746.19	+0.069%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.07	+0.054%	$638	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	745.67	long leg	$31K	$266K	10x
HTX META-USDT	0.0000%	8h	745.96	+0.039%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.18	+0.068%	$2.0M	$8K	10x	as long as short
QFEX META-USDshort	+0.0031%	1h	746.10	+0.058%	$2.2M	$13.9M	10x
Lighter RH META	+0.0032%	1h	746.25	+0.078%	$788K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.63	−0.005%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.42	+0.101%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.20	+0.071%	$178K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.80	+0.017%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.11	+0.059%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.81	+0.019%	$711K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.85	+0.024%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.79	+0.151%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.91	+0.032%	$1.6M	$666K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.09	−0.078%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.90	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.96	+0.038%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.35	−0.043%	$670K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.998%	$174K	$46K	30x	as long as short
edgeX METAUSDC	+0.0291%	4h	745.74	+0.009%	$62K	$342K	10x	as long as short
Lighter META	+0.0368%	1h	746.41	+0.099%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.43	+0.102%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0570%	1h	746.46	+0.106%	$76.7M	$126.7M	20x	as long as short
Phoenix META	+0.0739%	1h	747.55	+0.252%	$798K	$1.5M	20x	as long as short