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 −0.005%

Price spread now: Bybit against KuCoin+0.014%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.014%, 7d avg +0.044%

Together, before fees−0.259%−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.031% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	739.63	0.0100	pay 0.0100% / 8h	7h 22m	$1.6M	$436K	20x
Short	Bybit METAUSDT	739.73	0	get 0.0000% / 8h	7h 22m	$7.6M	$14.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$21
Price spread: +0.014% → +0.044%: −$3.07
Slippage, 4 orders: −$84.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$131.18
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: 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 KuCoin live order book, 3 min ago	4.66 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.20 bp	7.9 bp −$8	9.8 bp −$98	194.8 bp −$19.5K	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	739.51	−0.016%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0021%	1h	739.27	−0.049%	$423K	$391K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.70	+0.009%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.39	−0.032%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.58	−0.007%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	739.73	+0.014%	$7.6M	$14.0M	100x
OKX META-USDT-SWAP	0.0000%	8h	739.63	0.000%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.14	−0.066%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	−0.020%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.052%	$2.3M	$3.3M	—	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	739.70	+0.009%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.82	+0.026%	$908	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.10	−0.072%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.44	−0.026%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.67	+0.005%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.79	+0.022%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.88	+0.034%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.55	−0.011%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.42	−0.028%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.50	−0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.85	−0.105%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.56	−0.009%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.12	−0.069%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	739.36	−0.037%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.17	+0.074%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0080%	1h	739.54	−0.012%	$33K	$105	20x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	739.63	long leg	$1.6M	$436K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.064%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.67	+0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.45	−0.025%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	−0.043%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	739.54	−0.012%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.258%	$171K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	739.77	+0.019%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	740.01	+0.051%	$291K	$930K	20x	as long as short
edgeX METAUSDC	+0.0648%	4h	739.65	+0.003%	$62K	$334K	10x	as long as short