META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.010%

Price spread now: Coinbase International against Hotstuff−0.028%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.028% cheaper against Hotstuff than usual: you would sell low and buy high (−$3 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	743.97	0.0168	pay 0.0021% / 1h	13m 31s	$33K	$105	20x
Short	Coinbase International META-PERP-INTX	743.76	0.0104	get 0.0013% / 1h	13m 31s	$615K	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hotstuff. 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 HotstuffbpFee Coinbase InternationalbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$13.44
Price spread: −0.028% → 0.000%: −$2.82
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$31.26
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	2.76 bp	7.8 bp −$8	10.4 bp −$104	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 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	743.98	+0.001%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0016%	1h	743.30	−0.089%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.24	−0.098%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.83	−0.019%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.91	−0.009%	$28.0M	$182.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.88	−0.012%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.89	−0.011%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.41	−0.075%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.99	+0.003%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	743.81	−0.022%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.01	+0.005%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.11	+0.019%	$934	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.99	+0.003%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.59	−0.051%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.99	+0.003%	$775K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.76	−0.028%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.55	−0.056%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.82	−0.020%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.97	0.000%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.50	−0.063%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.96	−0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.32	−0.087%	$800K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	743.78	−0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	744.36	+0.053%	$52K	$82K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0100%	1h	743.46	−0.069%	$31K	$246K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.82	−0.020%	$1.6M	$551K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.11	−0.116%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.80	−0.023%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.84	−0.018%	$268	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0104%	1h	743.76	−0.028%	$615K	$7.2M	10x
Hotstuff META-PERPlong	+0.0168%	1h	743.97	long leg	$33K	$105	20x
Injective META/USDC PERP	+0.0220%	1h	742.66	−0.176%	$171K	$48K	30x	as long as short
Lighter META	+0.0264%	1h	743.96	−0.001%	$865K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0279%	1h	743.66	−0.042%	$69.6M	$120.6M	20x	as long as short
edgeX METAUSDC	+0.0485%	4h	743.87	−0.013%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.70	+0.098%	$705K	$1.2M	20x	as long as short