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 −0.029%

Price spread now: Gate against KuCoin−0.072%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1291.285% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 7 days+0.147%+$15 · spread now −0.072%, 7d avg +0.013%

Together, before fees−0.062%−$6 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 Gate is 0.085% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	746.79	0.0100	pay 0.0100% / 8h	7m 33s	$1.6M	$727K	20x
Short	Gate META_USDT	746.25	0	get 0.0000% / 8h	7m 33s	$473K	$6.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.072%Rate

Funding earned: −$21
Price spread: −0.072% → +0.013%: −$8.48
Slippage, 4 orders: −$101.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$158
Costs to cover: 1.285%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Gate: live order book, 1 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, 8 min ago	5.02 bp	45.7 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.69 bp	15.9 bp −$16	39.4 bp −$394	doesn't fit	doesn't fit

META on 37 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	746.93	+0.019%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.50	−0.039%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.40	−0.052%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.64	−0.020%	$25.4M	$189.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.58	−0.028%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.67	−0.016%	$6.0M	$12.8M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	746.25	−0.072%	$473K	$6.3M	100x
Bitget METAUSDT	0.0000%	8h	746.63	−0.021%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	747.21	+0.056%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.23	+0.059%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.78	−0.001%	$884	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.23	−0.075%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.51	−0.037%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.33	+0.072%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0015%	1h	746.17	−0.083%	$481K	$561K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.54	−0.033%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	746.84	+0.007%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.69	−0.013%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.21	+0.056%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.28	−0.068%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.78	−0.001%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.25	−0.072%	$744K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	746.43	−0.048%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	746.71	−0.011%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.44	+0.088%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.67	−0.016%	$633	$1K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	746.79	long leg	$1.6M	$727K	20x
ApeX Omni METAUSDT	+0.0100%	1h	746.55	−0.032%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.77	−0.003%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.64	−0.020%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.79	0.000%	$651K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	750.24	+0.462%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.01	+0.029%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.99	+0.027%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0564%	1h	747.19	+0.054%	$83.7M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	747.82	+0.138%	$798K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0931%	4h	747.28	+0.065%	$62K	$344K	10x	as long as short