Funding you earn now, next payment 02:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.011%
Price spread now: QFEX against Hotstuff−0.035%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.035% cheaper against Hotstuff than usual: you would sell low and buy high (−$4 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 | 740.13 | 0.0112 | pay 0.0014% / 1h | 38m 36s | $33K | $105 | 20x |
| Short | QFEX META-USD | 739.87 | 0.0025 | get 0.0003% / 1h | 38m 36s | $2.2M | $14.0M | 10x |
Hotstuff META-PERP
QFEX META-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.21
- Price spread: −0.035% → 0.000%
- −$3.51
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$36.72
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; QFEX: live order book, 6 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 QFEX live order book, 6 min ago | 2.16 bp | 7.2 bp −$7 | 7.6 bp −$76 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | −0.0210% | 1h | 739.42 | −0.096% | $31K | $244K | 10x | as long as short |
| Nado META-PERP | −0.0148% | 1h | 739.74 | −0.052% | $478K | $547K | 20x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 739.99 | −0.019% | $327K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.70 | +0.076% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.65 | −0.064% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 739.83 | −0.040% | $27.3M | $179.3M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 739.92 | −0.028% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.93 | −0.027% | $5.9M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.59 | −0.073% | $351K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.09 | −0.005% | $5.5M | $11.3M | 100x | as long as short |
Deribit META_USDC-PERPETUAL
Nado META-PERP
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni META | 0.0000% | 8h | 739.73 | −0.054% | $2.3M | $3.1M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 739.92 | −0.028% | $12K | $435K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 739.97 | −0.022% | $825 | $9.2M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.35 | +0.030% | $105K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.05 | −0.011% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USDshort | +0.0025% | 1h | 739.87 | −0.035% | $2.2M | $14.0M | 10x | |
| Lighter RH META | +0.0032% | 1h | 740.29 | +0.022% | $750K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 739.54 | −0.080% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.33 | +0.027% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.90 | −0.031% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.78 | −0.047% | $557K | $855K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.92 | −0.028% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.23 | −0.122% | $697K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 739.72 | −0.056% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0069% | 1h | 740.51 | +0.051% | $49K | $80K | 10x | as long as short |
| Lighter META | +0.0096% | 1h | 740.14 | +0.001% | $855K | $2.4M | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 739.94 | −0.026% | $1.6M | $471K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.34 | −0.107% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.99 | −0.019% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.82 | −0.041% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 739.45 | −0.092% | $609K | $7.2M | 10x | as long as short |
| Hotstuff META-PERPlong | +0.0112% | 1h | 740.13 | long leg | $33K | $105 | 20x | |
| Injective META/USDC PERP | +0.0220% | 1h | 739.58 | −0.074% | $170K | $48K | 30x | as long as short |
| tradeXYZ xyz:META | +0.0246% | 1h | 740.13 | 0.000% | $68.3M | $120.3M | 20x | as long as short |
| Phoenix META | +0.0313% | 1h | 740.70 | +0.077% | $386K | $1.1M | 20x | as long as short |
| edgeX METAUSDC | +0.0992% | 4h | 740.02 | −0.015% | $62K | $334K | 10x | as long as short |
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Lighter META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
tradeXYZ xyz:META
Phoenix META
edgeX METAUSDC