META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h +0.054%

Price spread now: Arcus against Nado−0.024%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.205%+$20 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.024%, 7d avg +0.004%

Together, before fees+0.371%+ Points / potential airdropNado: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.028% cheaper against Nado than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.004%). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.205% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	746.17	−0.0001	get 0.0000% / 1h	15m 00s	$482K	$554K	20x
Short	Arcus META-USD	745.99	0.0040	get 0.0005% / 1h	15m 00s	$111K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now −0.024%Rate

Funding earned: $8.74
Price spread: −0.024% → +0.004%: −$2.82
Slippage, 4 orders: −$27.91
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$33.49
Costs to cover: 0.394%
Break-even: 33.8 days

Slippage from Nado: live order book, 38 min ago; Arcus: live order book, 39 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 Nado live order book, 38 min ago	0.67 bp	13.6 bp −$14	99.7 bp −$997	doesn't fit	doesn't fit
Sell Arcus live order book, 39 min ago	3.96 bp	11.7 bp −$12	14.4 bp −$144	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-USDT	−0.0120%	8h	746.68	+0.068%	$331K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0001%	1h	746.17	long leg	$482K	$554K	20x
Aster METAUSDT	0.0000%	8h	746.67	+0.067%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.83	+0.089%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.07	+0.120%	$28.5M	$182.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.22	+0.141%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.23	+0.142%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.25	+0.011%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.53	+0.049%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.37	+0.027%	$13K	$452K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.73	+0.075%	$995	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.27	+0.013%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.19	+0.002%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.59	+0.056%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0028%	8h	746.83	+0.088%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.81	+0.086%	$783K	$2.9M	20x	as long as short
Arcus META-USDshort	+0.0040%	1h	745.99	−0.024%	$111K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	746.70	+0.071%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.28	+0.015%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.59	+0.056%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.105%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.44	+0.036%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	746.47	+0.040%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	746.83	+0.089%	$52K	$82K	10x	as long as short
edgeX METAUSDC	+0.0085%	4h	746.26	+0.012%	$62K	$339K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	746.72	+0.074%	$180K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.68	+0.068%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.61	−0.075%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.44	+0.036%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.43	+0.034%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.72	−0.061%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.309%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.74	+0.076%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.76	+0.079%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0321%	1h	747.23	+0.142%	$71.0M	$121.3M	20x	as long as short
Phoenix META	+0.0633%	1h	747.45	+0.171%	$798K	$1.4M	20x	as long as short