Funding you earn now, next payment 08:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h 0.000%
Price spread now: Binance against Hotstuff−0.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Binance is 0.038% cheaper against Hotstuff than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 745.89 | 0.0472 | pay 0.0059% / 1h | 35m 20s | $33K | $105 | 20x |
| Short | Binance METAUSDT | 745.61 | 0 | get 0.0000% / 8h | 35m 20s | $25.1M | $188.4M | 20x |
Hotstuff META-PERP
Binance METAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$99.12
- Price spread: −0.038% → 0.000%
- −$3.76
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$117.88
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 8 min ago | 0.20 bp | 5.3 bp −$5 | 9.9 bp −$99 | 38.0 bp −$3,803 | doesn't fit |
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 37 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 | 745.79 | −0.013% | $332K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.00 | −0.119% | $479K | $593K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.41 | −0.065% | $548K | $3.4M | 17x | as long as short |
| Binance METAUSDTshort | 0.0000% | 8h | 745.61 | −0.038% | $25.1M | $188.4M | 20x | |
| Bybit METAUSDT | 0.0000% | 8h | 745.46 | −0.058% | $7.5M | $15.3M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.74 | −0.020% | $6.0M | $12.7M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.07 | −0.110% | $469K | $6.2M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 745.49 | −0.054% | $5.5M | $12.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 745.45 | −0.059% | $2.4M | $3.1M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 745.58 | −0.042% | $12K | $436K | 10x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni META
GRVT META_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 745.44 | −0.060% | $695 | $8.1M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.31 | −0.078% | $108K | $312K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 745.75 | −0.019% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0031% | 1h | 745.33 | −0.075% | $2.2M | $13.9M | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0032% | 1h | 745.01 | −0.118% | $34K | $275K | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.11 | −0.105% | $112K | $339K | 10x | as long as short |
| Nado META-PERP | +0.0041% | 1h | 744.85 | −0.139% | $480K | $560K | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 745.64 | −0.034% | — | $12K | 25x | as long as short |
| Lighter RH META | +0.0048% | 1h | 745.63 | −0.035% | $789K | $3.1M | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 745.08 | −0.109% | $565K | $621K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 745.49 | −0.054% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 744.98 | −0.122% | $729K | $5.1M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0055% | 8h | 745.36 | −0.071% | — | — | 5x | as long as short |
| Popdex METAUSDT | +0.0080% | 1h | 745.47 | −0.056% | $177K | $203K | 20x | as long as short |
| Aftermath Perps METAUSD | +0.0087% | 1h | 746.24 | +0.047% | $48K | $90K | 10x | as long as short |
| Pacifica META | +0.0100% | 1h | 745.56 | −0.044% | $25 | $189 | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.18 | −0.095% | $1.6M | $717K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 744.68 | −0.162% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.48 | −0.055% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.34 | −0.073% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 745.33 | −0.075% | $645K | $7.9M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 747.69 | +0.241% | $172K | $46K | 30x | as long as short |
| edgeX METAUSDC | +0.0275% | 4h | 745.30 | −0.079% | $62K | $344K | 10x | as long as short |
| Hotstuff META-PERPlong | +0.0472% | 1h | 745.89 | long leg | $33K | $105 | 20x | |
| Lighter META | +0.0480% | 1h | 745.82 | −0.009% | $1.1M | $2.9M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0570% | 1h | 746.06 | +0.023% | $81.3M | $129.8M | 20x | as long as short |
| Phoenix META | +0.0750% | 1h | 746.69 | +0.107% | $797K | $1.5M | 20x | as long as short |
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Deribit META_USDC-PERPETUAL
Arcus META-USD
Nado META-PERP
Vest META-USD-PERP
Lighter RH META
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Popdex METAUSDT
Aftermath Perps METAUSD
Pacifica META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
edgeX METAUSDC
Lighter META
tradeXYZ xyz:META
Phoenix META