META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h −0.113%

Price spread now: Coinbase International against Extended−0.047%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

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

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.047%, 7d avg −0.079%

Together, before fees−0.078%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.032% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.218%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	746.07	0	get 0.0000% / 1h	17m 09s	$554K	$2.7M	17x
Short	Coinbase International META-PERP-INTX	745.72	0.0128	get 0.0016% / 1h	17m 09s	$638K	$7.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.047%Rate

Funding earned: $26.88
Price spread: −0.047% → −0.079%: $3.2
Slippage, 4 orders: −$10.59
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.49
Costs to cover: 0.256%
Break-even: 5.8 days

Slippage from Extended: live order book, 2 min ago; Coinbase International: live order book, 2 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 Extended live order book, 2 min ago	0.27 bp	5.7 bp −$6	32.3 bp −$323	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.07 bp	8.6 bp −$9	11.6 bp −$116	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	746.35	+0.038%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	745.94	−0.018%	$482K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.67	+0.081%	$492K	$577K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	746.07	long leg	$554K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	746.37	+0.040%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.39	+0.043%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.45	+0.051%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.64	−0.058%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.33	+0.036%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.41	+0.046%	$12K	$452K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.34	+0.036%	$786	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.84	−0.031%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.07	0.000%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.56	+0.066%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0023%	8h	746.38	+0.042%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.55	+0.064%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.83	−0.032%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.46	+0.052%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.90	−0.023%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.35	+0.038%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.091%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.18	+0.015%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	746.13	+0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.58	+0.068%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	746.43	+0.048%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.38	+0.042%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.41	−0.088%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.31	+0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.21	+0.019%	$269	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0128%	1h	745.72	−0.047%	$638K	$7.5M	10x
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.323%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	746.42	+0.047%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.50	+0.058%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0314%	1h	746.27	+0.027%	$70.8M	$121.2M	20x	as long as short
edgeX METAUSDC	+0.0407%	4h	746.35	+0.037%	$62K	$338K	10x	as long as short
Phoenix META	+0.0633%	1h	747.26	+0.160%	$798K	$1.4M	20x	as long as short