META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against KuCoin+0.051%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$663as in the Funding arb table

Net, price: spread back to 7d avg − costs−$636as in the Price arb table

costs, in and out, $10k−$6376.371% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$25 on $10k

Price spread, last 2 days (all we have)−0.055%−$5 · spread now +0.051%, 7d avg +0.041%

Together, before fees−0.310%−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	740.41	0.0100	pay 0.0100% / 8h	6h 33m	$1.6M	$478K	20x
Short	Binance METAUSDT	740.79	0	get 0.0000% / 8h	6h 33m	$27.3M	$179.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: −$21
Price spread: +0.051% → +0.041%: $1.04
Slippage, 4 orders: −$615.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$657.1
Costs to cover: 6.371%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Binance: live order book, 10 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 KuCoin live order book, 7 min ago	3.65 bp	39.5 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.07 bp	6.0 bp −$6	12.9 bp −$129	37.8 bp −$3,777	doesn't fit

META on 35 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
Nado META-PERP	−0.0138%	1h	739.88	−0.071%	$478K	$546K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.76	+0.047%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.52	+0.015%	$550K	$2.7M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	740.79	+0.051%	$27.3M	$179.2M	20x
Bybit METAUSDT	0.0000%	8h	741.03	+0.084%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.79	+0.051%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.26	−0.020%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.65	+0.032%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.13	−0.038%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.97	−0.059%	$12K	$435K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.71	+0.041%	$678	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.54	+0.018%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.41	0.000%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.14	−0.036%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.02	+0.082%	$751K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.77	−0.086%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.41	0.000%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.42	+0.001%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.21	−0.027%	$558K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.31	−0.014%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.74	−0.090%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	740.17	−0.032%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.74	+0.045%	$49K	$80K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0074%	1h	740.49	+0.011%	$31K	$244K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	740.41	long leg	$1.6M	$478K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.45	−0.130%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.34	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.25	−0.022%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.16	−0.034%	$610K	$7.2M	10x	as long as short
Lighter META	+0.0112%	1h	740.94	+0.072%	$856K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.34	−0.009%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0168%	4h	739.75	−0.089%	$62K	$335K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.56	−0.115%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0253%	1h	740.89	+0.065%	$68.4M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	740.68	+0.036%	$394K	$1.1M	20x	as long as short