META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0338%/8h= −37.0% APRnext payment −$0.42 per $10,000 · paid last 24h −0.021%

Price spread now: Nado against Hotstuff−0.024%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 Nado

What this pair did over the last

the charts below follow

Funding, last 3 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 · Nado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Nado is 0.024% cheaper against Hotstuff than usual: you would sell low and buy high (−$2 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	744.00	0.0360	pay 0.0045% / 1h	25m 07s	$33K	$105	20x
Short	Nado META-PERP	743.82	0.0022	get 0.0003% / 1h	25m 07s	$481K	$558K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.024%Rate

Funding earned: −$71.03
Price spread: −0.024% → 0.000%: −$2.44
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$85.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Nado: live order book, 23 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 Nado live order book, 23 min ago	0.60 bp	10.2 bp −$10	18.0 bp −$180	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	744.02	+0.003%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.30	+0.040%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.71	−0.038%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.84	−0.021%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.79	−0.028%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.86	−0.019%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.30	−0.094%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.50	+0.067%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	−0.008%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.121%	$12K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.24	+0.032%	$610	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.42	−0.078%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.79	−0.028%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.28	−0.097%	$2.0M	$8K	10x	as long as short
Nado META-PERPshort	+0.0022%	1h	743.82	−0.024%	$481K	$558K	20x
Lighter RH META	+0.0032%	1h	743.93	−0.009%	$769K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.10	−0.121%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.37	+0.050%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	744.00	0.000%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.08	+0.011%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.64	−0.048%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.75	−0.034%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.41	−0.079%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0076%	8h	744.00	−0.001%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.01	+0.002%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.66	−0.046%	$1.6M	$644K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.02	−0.132%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.84	−0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.66	−0.045%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	−0.056%	$655K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0212%	4h	743.26	−0.100%	$62K	$339K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.255%	$172K	$46K	30x	as long as short
Lighter META	+0.0320%	1h	744.05	+0.007%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERPlong	+0.0360%	1h	744.00	long leg	$33K	$105	20x
tradeXYZ xyz:META	+0.0440%	1h	744.25	+0.034%	$74.7M	$125.0M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.020%	$795K	$1.4M	20x	as long as short