META

Alert

Funding spread now, next payment 18:00 UTC−0.0808%/8h

paid, last 24h−0.105%paid, last 7 days−0.421%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.421% in total (about -21.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	738.10	0.0858	pay 0.0429% / 4h	2h 25m	$62K	$328K	10x
Short	Ondo Perps META-USD.P	737.30	0.0050	get 0.0006% / 1h	25m 31s	$775K	$3.1M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee Ondo PerpsbpOrdersRate

Funding earned: −$169.61
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$183.61
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 14 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.109%
Avg gap 7d: −0.082%

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 edgeX live order book, 14 min ago	5.51 bp	10.1 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	$330K	$859K	20x	as long as short
Hotstuff META-PERP	−0.0048%	1h	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	$453K	$168K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$549K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$25.7M	$128.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.7M	$9.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.9M	$10.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	$354K	$4.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$5.7M	$8.2M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.5M	$2.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	$745	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$28K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	$105K	$274K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	$2.0M	$6K	10x	as long as short
Nado META-PERP	+0.0019%	1h	$390K	$173K	20x	as long as short
QFEX META-USD	+0.0020%	1h	$1.8M	$9.5M	10x	as long as short
Lighter RH META	+0.0032%	1h	$704K	$2.7M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$173K	$175K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$643K	$6.1M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$66.8M	$57.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$668K	$483K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	$775K	$3.1M	10x
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
Phoenix META	+0.0055%	1h	$253K	$513K	20x	as long as short
Lighter META	+0.0064%	1h	$852K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$208K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$135K	$57K	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	$266	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$168K	$101K	30x	as long as short
Aftermath Perps METAUSD	+0.0283%	1h	$44K	$45K	10x	as long as short
Arcus META-USD	+0.0325%	1h	$268K	$299K	10x	as long as short
edgeX METAUSDClong	+0.0858%	4h	$62K	$328K	10x