META

Alert

Funding spread now, next payment 15:00 UTC+0.0237%/8h

paid, last 24h+0.007%paid, last 3 days+0.019%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 0.019% in total (about 2.3% 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	Hotstuff META-PERP	714.93	−0.0200	get 0.0025% / 1h	42m 43s	$32K	$105	20x
Short	Bybit METAUSDT	715.69	0.0037	get 0.0037% / 8h	1h 42m	$6.6M	$6.3M	100x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee BybitbpOrdersRate

Funding earned: $49.78
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $33.78
Break-even: 2.2 days

Slippage unknown: Hotstuff: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.106%
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 Hotstuff no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.61 bp	13.1 bp −$13	28.3 bp −$283	doesn't fit	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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex METAUSDT	−0.0310%	4h	$1.9M	$4K	10x	as long as short
Hotstuff META-PERPlong	−0.0200%	1h	$32K	$105	20x
BloFin META-USDT	−0.0087%	8h	$343K	$406K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$453K	$55K	20x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.2M	$6.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	$397K	$2.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$4.8M	$5.5M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.4M	$1.7M	—	as long as short
SunX META-USDT	0.0000%	8h	$679	$6.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$29K	$244K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX META-USDT	0.0000%	8h	$101K	$264K	30x	as long as short
Lighter META	+0.0032%	1h	$704K	$2.0M	20x	as long as short
Lighter RH META	+0.0032%	1h	$788K	$2.2M	20x	as long as short
Extended META_24_5-USD	+0.0032%	1h	$520K	$1.3M	17x	as long as short
Nado META-PERP	+0.0033%	1h	$443K	$67K	20x	as long as short
QFEX META-USD	+0.0033%	1h	$1.8M	$5.0M	10x	as long as short
Binance METAUSDT	+0.0034%	8h	$26.0M	$72.5M	20x	as long as short
Bybit METAUSDTshort	+0.0037%	8h	$6.6M	$6.3M	100x
Vest META-USD-PERP	+0.0046%	1h	—	$5K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$165K	$147K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$63.5M	$41.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$651K	$465K	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	$940K	$2.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	$672K	$4.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$116K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$111K	$46K	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	$258	—	10x	as long as short
Injective META/USDC PERP	+0.0147%	1h	$163K	$164K	30x	as long as short
Phoenix META	+0.0169%	1h	$231K	$255K	20x	as long as short
Aftermath Perps METAUSD	+0.0274%	1h	$42K	$47K	10x	as long as short
Arcus META-USD	+0.0356%	1h	$284K	$239K	10x	as long as short
edgeX METAUSDC	+0.0576%	4h	$60K	$325K	10x	as long as short