Funding you earn now, next payment 06:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.31 per $10,000 · paid last 24h −0.037%
Price spread now: Hotstuff against Injective−0.375%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Hotstuff is 0.375% cheaper against Injective than usual: you would sell low and buy high (spread −0.375% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 5.1 days of funding at the current rate (+$7 a day). The two prices were read 45 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 | 749.00 | 0.0220 | pay 0.0028% / 1h | 49m 42s | $173K | $46K | 30x |
| Short | Hotstuff META-PERP | 746.19 | 0.0464 | get 0.0058% / 1h | 49m 42s | $33K | $105 | 20x |
Injective META/USDC PERP
Hotstuff META-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Injective. 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
- $51.24
- Price spread: −0.375% → 0.000%
- −$37.52
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $8.7
- Costs to cover
- 0.050%
- Break-even
- 5.8 days
Slippage unknown: Injective: live order book, 64 min ago; Hotstuff: no order-book sample. 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 Injective live order book, 64 min ago | 17.58 bp | 17.6 bp −$18 | 9881.6 bp −$98.8K | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | 746.10 | −0.387% | $333K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.51 | −0.333% | $492K | $577K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.41 | −0.479% | $547K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 745.51 | −0.466% | $28.3M | $181.6M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.39 | −0.482% | $7.4M | $14.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.40 | −0.481% | $6.0M | $12.6M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.29 | −0.495% | $430K | $5.9M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 745.99 | −0.402% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.09 | −0.389% | $13K | $448K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.74 | −0.435% | $715 | $8.5M | 20x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX META-USDT | 0.0000% | 8h | 745.56 | −0.459% | $106K | $305K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.15 | −0.381% | $2.0M | $8K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0018% | 1h | 745.21 | −0.506% | $31K | $255K | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.58 | −0.457% | $111K | $331K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.14 | −0.382% | — | $11K | 25x | as long as short |
| QFEX META-USD | +0.0046% | 1h | 745.87 | −0.418% | $2.2M | $13.8M | 10x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 745.33 | −0.490% | $586K | $564K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 745.64 | −0.449% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.07 | −0.525% | $759K | $4.5M | 10x | as long as short |
| Nado META-PERP | +0.0060% | 1h | 745.35 | −0.487% | $482K | $557K | 20x | as long as short |
| Lighter RH META | +0.0072% | 1h | 745.72 | −0.438% | $768K | $2.9M | 20x | as long as short |
| Paradex META-USD-PERP | +0.0074% | 8h | 745.09 | −0.522% | — | — | 5x | as long as short |
| Bitget METAUSDT | +0.0074% | 8h | 745.57 | −0.458% | $5.5M | $11.9M | 100x | as long as short |
| Aftermath Perps METAUSD | +0.0086% | 1h | 746.47 | −0.337% | $51K | $82K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.65 | −0.447% | $1.6M | $633K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.14 | −0.515% | $167K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.71 | −0.439% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.58 | −0.456% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 746.41 | −0.346% | $671K | $7.6M | 10x | as long as short |
| Popdex METAUSDT | +0.0136% | 1h | 745.77 | −0.431% | $179K | $199K | 20x | as long as short |
| Injective META/USDC PERPlong | +0.0220% | 1h | 749.00 | long leg | $173K | $46K | 30x | |
| Lighter META | +0.0376% | 1h | 745.79 | −0.429% | $983K | $2.5M | 20x | as long as short |
| Hotstuff META-PERPshort | +0.0464% | 1h | 746.19 | −0.375% | $33K | $105 | 20x | |
| tradeXYZ xyz:META | +0.0522% | 1h | 745.79 | −0.429% | $72.3M | $122.6M | 20x | as long as short |
| edgeX METAUSDC | +0.0524% | 4h | 745.99 | −0.402% | $62K | $339K | 10x | as long as short |
| Phoenix META | +0.0685% | 1h | 747.53 | −0.196% | $798K | $1.4M | 20x | as long as short |
HTX META-USDT
Phemex METAUSDT
Deribit META_USDC-PERPETUAL
Arcus META-USD
Vest META-USD-PERP
QFEX META-USD
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Nado META-PERP
Lighter RH META
Paradex META-USD-PERP
Bitget METAUSDT
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Popdex METAUSDT
Lighter META
tradeXYZ xyz:META
edgeX METAUSDC
Phoenix META