META

Alert

Funding spread now, next payment 16:00 UTC+0.0050%/8h

next payment, per $10,000+$0.06paid, last 24h−0.004%paid, last 3 days+0.017%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	714.64	0	get 0.0000% / 1h	23m 44s	$29K	$254K	10x
Short	SoDEX META-USD	714.77	0.0050	get 0.0006% / 1h	23m 44s	$24K	$3K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee SoDEXbpOrdersRate

Funding earned: $10.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$4.5
Break-even: 10.0 days

Slippage unknown: Deribit: live order book, 32 min ago; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.018%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 32 min ago	3.25 bp	6.8 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	$342K	$476K	20x	as long as short
Hotstuff META-PERP	−0.0080%	1h	$32K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	$440K	$86K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$517K	$1.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$25.4M	$95.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.3M	$7.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.1M	$7.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	$385K	$3.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$4.9M	$6.0M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.4M	$1.9M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	$767	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	$29K	$254K	10x
HTX META-USDT	0.0000%	8h	$101K	$265K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	$1.9M	$5K	10x	as long as short
Nado META-PERP	+0.0018%	1h	$443K	$87K	20x	as long as short
QFEX META-USD	+0.0028%	1h	$1.8M	$6.1M	10x	as long as short
Lighter META	+0.0032%	1h	$690K	$2.1M	20x	as long as short
Lighter RH META	+0.0032%	1h	$666K	$2.5M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$6K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$168K	$156K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$61.9M	$46.6M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$650K	$463K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	$850K	$2.6M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0056%	1h	$654K	$4.9M	10x	as long as short
edgeX METAUSDC	+0.0080%	4h	$60K	$322K	10x	as long as short
Arcus META-USD	+0.0088%	1h	$281K	$249K	10x	as long as short
Phoenix META	+0.0090%	1h	$230K	$284K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$141K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$111K	$46K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
Aevo META-PERP	+0.0104%	1h	$257	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$162K	$135K	30x	as long as short
Aftermath Perps METAUSD	+0.0242%	1h	$43K	$47K	10x	as long as short