META

Alert

Funding spread now, next payment 14:00 UTC−0.0048%/8h

paid, last 24h−0.018%paid, last 3 days−0.009%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff META-PERP	680.17	0.0048	pay 0.0006% / 1h	29m 27s	$30K	—	20x
Short	Phemex METAUSDT	680.59	0	get 0.0000% / 4h	2h 29m	$1.8M	$4K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee PhemexbpOrdersRate

Funding earned: −$10.08
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$27.08
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.062%
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 Phemex live order book, 5 min ago	1.62 bp	38.1 bp −$38	doesn't fit	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	−0.0061%	8h	$330K	$295K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$451K	$7K	20x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.8M	$4.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	$450K	$1.4M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.6M	$1.1M	—	as long as short
SunX META-USDT	0.0000%	8h	$813	$4.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$33K	$236K	10x	as long as short
HTX META-USDT	0.0000%	8h	$100K	$245K	30x	as long as short
Phemex METAUSDTshort	0.0000%	4h	$1.8M	$4K	10x
Bitget METAUSDT	+0.0011%	8h	$4.7M	$4.0M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH META	+0.0032%	1h	$931K	$1.6M	20x	as long as short
Aftermath Perps METAUSD	+0.0045%	1h	$39K	$44K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$3K	25x	as long as short
Hotstuff META-PERPlong	+0.0048%	1h	$30K	—	20x
QFEX META-USD	+0.0050%	1h	$1.8M	$3.9M	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$23K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$1.1M	$1.8M	10x	as long as short
Polymarket Perps META-USD	+0.0055%	1h	$626K	$388K	10x	as long as short
Extended META_24_5-USD	+0.0056%	1h	$494K	$1.2M	17x	as long as short
Nado META-PERP	+0.0057%	1h	$428K	$58K	20x	as long as short
Binance METAUSDT	+0.0059%	8h	$24.3M	$37.6M	20x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	—	—	5x	as long as short
Popdex METAUSDT	+0.0096%	1h	$164K	$134K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.4M	$73K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$83K	$34K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
tradeXYZ xyz:META	+0.0101%	1h	$71.8M	$21.9M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	$245	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	$710K	$3.1M	10x	as long as short
Bybit METAUSDT	+0.0117%	8h	$6.7M	$4.1M	100x	as long as short
Lighter META	+0.0128%	1h	$690K	$1.6M	20x	as long as short
Phoenix META	+0.0211%	1h	$254K	$145K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$205K	$149K	30x	as long as short
edgeX METAUSDC	+0.0367%	4h	$57K	$323K	10x	as long as short
Arcus META-USD	+0.0472%	1h	$272K	$219K	10x	as long as short