META

Alert

Funding spread now, next payment 18:00 UTC+0.0168%/8h

next payment, per $10,000+$0.21paid, last 24h0.000%paid, last 3 days+0.013%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff META-PERP	732.81	−0.0168	get 0.0021% / 1h	48m 41s	$33K	$105	20x
Short	Deribit META_USDC-PERPETUAL	733.65	0	get 0.0000% / 1h	48m 41s	$28K	$266K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee DeribitbpOrdersRate

Funding earned: $35.28
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $23.28
Break-even: 2.4 days

Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 62 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.115%
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 Deribit live order book, 62 min ago	3.66 bp	7.2 bp −$7	8.9 bp −$89	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
Hotstuff META-PERPlong	−0.0168%	1h	$33K	$105	20x
BloFin META-USDT	−0.0120%	8h	$329K	$644K	20x	as long as short
Phemex METAUSDT	−0.0072%	4h	$1.9M	$5K	10x	as long as short
Nado META-PERP	−0.0008%	1h	$388K	$172K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$451K	$125K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$542K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$25.2M	$120.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.6M	$9.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.9M	$10.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	$344K	$4.0M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget METAUSDT	0.0000%	8h	$5.4M	$8.0M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.4M	$2.2M	—	as long as short
SunX META-USDT	0.0000%	8h	$859	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	$28K	$266K	10x
HTX META-USDT	0.0000%	8h	$104K	$270K	30x	as long as short
QFEX META-USD	+0.0020%	1h	$1.8M	$8.8M	10x	as long as short
Lighter META	+0.0032%	1h	$845K	$2.4M	20x	as long as short
Lighter RH META	+0.0032%	1h	$702K	$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	$178K	$168K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$634K	$5.9M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$66.4M	$54.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$665K	$482K	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	$746K	$3.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
Phoenix META	+0.0055%	1h	$251K	$513K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$197K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$134K	$57K	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	$264	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$167K	$101K	30x	as long as short
Aftermath Perps METAUSD	+0.0271%	1h	$44K	$47K	10x	as long as short
Arcus META-USD	+0.0325%	1h	$270K	$296K	10x	as long as short
edgeX METAUSDC	+0.0647%	4h	$61K	$326K	10x	as long as short