META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.044%

Price spread now: Coinbase International against Injective−0.270%64s7-day average −0.392% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.709% of the position

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.524%−$52 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.270%, 7d avg −0.392%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.123% dearer against Injective than usual: you sell high and buy low (spread −0.270% now, against its 7-day average of −0.392%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.524% in total) that is about 39 hours. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	748.43	0.0220	pay 0.0028% / 1h	47m 52s	$173K	$46K	30x
Short	Coinbase International META-PERP-INTX	746.41	0.0128	get 0.0016% / 1h	47m 52s	$671K	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −0.270%Rate

Funding earned: −$19.32
Price spread: −0.270% → −0.392%: $12.26
Slippage, 4 orders: −$60.85
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$77.93
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from Injective: live order book, 1 min ago; Coinbase International: live order book, 6 min ago.

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 Injective live order book, 1 min ago	19.96 bp	20.0 bp −$20	9885.4 bp −$98.9K	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	2.55 bp	8.2 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit

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	745.42	−0.402%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.47	−0.261%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.30	−0.419%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.51	−0.390%	$28.3M	$181.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.48	−0.394%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.22	−0.429%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.92	−0.469%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.99	−0.326%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.12	−0.309%	$12K	$448K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.56	−0.383%	$775	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.88	−0.474%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.25	−0.425%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.15	−0.305%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.39	−0.406%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.43	−0.401%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.24	−0.426%	$2.2M	$13.7M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.91	−0.470%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.36	−0.410%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.71	−0.497%	$759K	$4.5M	10x	as long as short
Nado META-PERP	+0.0054%	1h	744.80	−0.485%	$481K	$557K	20x	as long as short
Lighter RH META	+0.0064%	1h	745.62	−0.375%	$768K	$2.9M	20x	as long as short
Bitget METAUSDT	+0.0067%	8h	745.73	−0.361%	$5.5M	$11.9M	100x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	745.08	−0.448%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.05	−0.318%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.63	−0.374%	$1.6M	$633K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.03	−0.454%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.36	−0.410%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.30	−0.418%	$268	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	745.44	−0.400%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTXshort	+0.0128%	1h	746.41	−0.270%	$671K	$7.6M	10x
Injective META/USDC PERPlong	+0.0220%	1h	748.43	long leg	$173K	$46K	30x
Lighter META	+0.0368%	1h	745.66	−0.370%	$983K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	745.92	−0.335%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0524%	4h	745.99	−0.326%	$62K	$339K	10x	as long as short
tradeXYZ xyz:META	+0.0525%	1h	745.74	−0.359%	$72.4M	$122.7M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	−0.231%	$797K	$1.4M	20x	as long as short