META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.035%

Price spread now: BloFin against KuCoin+0.007%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.394%−$39 on $10k

Price spread, last 4 days (all we have)+0.526%+$53 · spread now +0.007%, 7d avg +0.050%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.044% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	742.03	0.0100	pay 0.0100% / 8h	5h 24m	$1.6M	$519K	20x
Short	BloFin META-USDT	742.08	−0.0120	pay 0.0120% / 8h	5h 24m	$328K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$46.2
Price spread: +0.007% → +0.050%: −$4.37
Slippage, 4 orders: −$61.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$135.92
Costs to cover: 0.854%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; BloFin: live order book, 2 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, 11 min ago	3.64 bp	22.5 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.47 bp	7.6 bp −$8	14.6 bp −$146	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-USDTshort	−0.0120%	8h	742.08	+0.007%	$328K	$1.1M	20x
Nado META-PERP	−0.0023%	1h	741.76	−0.036%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.78	−0.034%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.64	−0.052%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.83	−0.027%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.84	−0.026%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.00	−0.004%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.59	−0.059%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.89	−0.019%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	742.17	+0.019%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.19	+0.022%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.06	+0.004%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.74	−0.039%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.47	+0.059%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.11	+0.011%	$764K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.82	−0.028%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.70	−0.044%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.18	+0.020%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.01	−0.003%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.69	−0.046%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.96	−0.009%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.36	−0.090%	$721K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	741.80	−0.032%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	742.79	+0.103%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.78	−0.034%	$618K	$7.2M	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	742.03	long leg	$1.6M	$519K	20x
ApeX Omni METAUSDT	+0.0100%	1h	741.39	−0.086%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.04	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.84	−0.025%	$267	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0155%	1h	741.59	−0.059%	$31K	$245K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.80	+0.373%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	742.39	+0.049%	$33K	$105	20x	as long as short
Lighter META	+0.0264%	1h	742.09	+0.008%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0349%	1h	741.94	−0.012%	$69.2M	$120.2M	20x	as long as short
edgeX METAUSDC	+0.0462%	4h	742.01	−0.003%	$62K	$335K	10x	as long as short
Phoenix META	+0.0496%	1h	743.31	+0.172%	$548K	$1.1M	20x	as long as short