META

Alert

Funding spread now, next payment 18:00 UTC+0.0080%/8h

next payment, per $10,000+$0.10paid, last 24h−0.139%paid, last 3 days−0.146%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	731.06	0	get 0.0000% / 1h	54m 24s	$539K	$1.4M	17x
Short	Hotstuff META-PERP	731.14	0.0080	get 0.0010% / 1h	54m 24s	$33K	$105	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HotstuffbpOrdersRate

Funding earned: $16.8
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $6.8
Break-even: 4.2 days

Slippage unknown: Extended: live order book, 5 min ago; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.011%
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 Extended live order book, 5 min ago	0.55 bp	5.6 bp −$6	34.5 bp −$345	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	$326K	$630K	20x	as long as short
Nado META-PERP	−0.0042%	1h	$387K	$172K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$450K	$120K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	$539K	$1.4M	17x
Binance METAUSDT	0.0000%	8h	$25.3M	$118.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.5M	$9.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.9M	$9.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	$346K	$3.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$5.3M	$7.8M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.4M	$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	$740	$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	$104K	$270K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	$1.9M	$5K	10x	as long as short
QFEX META-USD	+0.0020%	1h	$1.9M	$8.5M	10x	as long as short
Lighter META	+0.0032%	1h	$842K	$2.4M	20x	as long as short
Lighter RH META	+0.0032%	1h	$688K	$2.6M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$8K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$177K	$167K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$632K	$5.9M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$66.3M	$53.8M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$664K	$481K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$756K	$3.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
Phoenix META	+0.0055%	1h	$250K	$513K	20x	as long as short
Hotstuff META-PERPshort	+0.0080%	1h	$33K	$105	20x
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$195K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$134K	$56K	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	$263	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$166K	$101K	30x	as long as short
Aftermath Perps METAUSD	+0.0270%	1h	$43K	$47K	10x	as long as short
Arcus META-USD	+0.0325%	1h	$272K	$292K	10x	as long as short
edgeX METAUSDC	+0.0499%	4h	$61K	$324K	10x	as long as short