META

Alert

Funding spread now, next payment 16:00 UTC+0.0803%/8h

paid, last 24h+0.136%paid, last 3 days+0.465%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff META-PERP	712.60	0.0072	pay 0.0009% / 1h	31m 48s	$32K	$105	20x
Short	edgeX METAUSDC	711.20	0.0875	get 0.0438% / 4h	31m 48s	$60K	$324K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee edgeXbpOrdersRate

Funding earned: $168.68
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $154.68
Break-even: 0.6 days

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 18 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.197%
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 edgeX live order book, 18 min ago	5.93 bp	10.5 bp −$11	12.1 bp −$121	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
BloFin META-USDT	−0.0120%	8h	$341K	$470K	20x	as long as short
Phemex METAUSDT	−0.0011%	4h	$1.9M	$5K	10x	as long as short
Aster METAUSDT	0.0000%	8h	$440K	$86K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$515K	$1.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$25.3M	$93.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$6.8M	$7.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.1M	$7.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	$383K	$3.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$4.9M	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.4M	$1.9M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	$825	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$29K	$254K	10x	as long as short
HTX META-USDT	0.0000%	8h	$101K	$265K	30x	as long as short
Nado META-PERP	+0.0016%	1h	$442K	$87K	20x	as long as short
QFEX META-USD	+0.0028%	1h	$1.8M	$6.0M	10x	as long as short
Lighter META	+0.0032%	1h	$686K	$2.1M	20x	as long as short
Lighter RH META	+0.0032%	1h	$667K	$2.4M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$6K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$166K	$155K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$61.7M	$46.6M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$648K	$463K	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	$845K	$2.6M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0056%	1h	$644K	$4.9M	10x	as long as short
Hotstuff META-PERPlong	+0.0072%	1h	$32K	$105	20x
Arcus META-USD	+0.0088%	1h	$280K	$249K	10x	as long as short
Phoenix META	+0.0090%	1h	$230K	$284K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$140K	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	$257	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$162K	$135K	30x	as long as short
Aftermath Perps METAUSD	+0.0242%	1h	$43K	$48K	10x	as long as short
edgeX METAUSDCshort	+0.0875%	4h	$60K	$324K	10x