META

Alert

Funding spread now, next payment 19:00 UTC+0.0200%/8h

paid, last 24h+0.019%paid, last 3 days+0.012%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.012% in total (about 1.4% 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	Gate META_USDT	747.13	0	get 0.0000% / 8h	5h 24m	$343K	$4.7M	100x
Short	Hotstuff META-PERP	747.52	0.0200	get 0.0025% / 1h	24m 30s	$33K	$105	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee HotstuffbpOrdersRate

Funding earned: $42
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $22
Break-even: 3.3 days

Slippage unknown: Gate: live order book, just now; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.052%
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 Gate live order book, just now	4.82 bp	17.2 bp −$17	38.1 bp −$381	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	$330K	$992K	20x	as long as short
Nado META-PERP	−0.0024%	1h	$395K	$215K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$460K	$427K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$554K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$27.5M	$149.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$8.1M	$11.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.0M	$11.8M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	$343K	$4.7M	100x
Bitget METAUSDT	0.0000%	8h	$5.8M	$9.4M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.6M	$2.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix META	0.0000%	1h	$276K	$618K	20x	as long as short
SunX META-USDT	0.0000%	8h	$947	$9.4M	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	$106K	$280K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	$2.0M	$6K	10x	as long as short
QFEX META-USD	+0.0026%	1h	$2.1M	$11.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	$747K	$3.0M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$9K	25x	as long as short
Lighter META	+0.0048%	1h	$862K	$2.5M	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	$174K	$185K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$641K	$6.5M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$80.1M	$87.9M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$545K	$834K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$719K	$3.5M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.6M	$281K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$167K	$71K	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	$269	—	10x	as long as short
Hotstuff META-PERPshort	+0.0200%	1h	$33K	$105	20x
Injective META/USDC PERP	+0.0220%	1h	$170K	$76K	30x	as long as short
Aftermath Perps METAUSD	+0.0295%	1h	$44K	$46K	10x	as long as short
Arcus META-USD	+0.0478%	1h	$268K	$309K	10x	as long as short
edgeX METAUSDC	+0.0634%	4h	$62K	$326K	10x	as long as short