META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.013%

Price spread now: BloFin against OKX−0.036%93s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.356% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.036%, 7d avg +0.020%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.057% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	746.27	0	get 0.0000% / 8h	3h 41m	$6.0M	$13.7M	20x
Short	BloFin META-USDT	746.00	−0.0120	pay 0.0120% / 8h	3h 41m	$329K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$25.2
Price spread: −0.036% → +0.020%: −$5.66
Slippage, 4 orders: −$13.65
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$66.51
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; BloFin: 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 OKX live order book, 2 min ago	0.54 bp	9.6 bp −$10	18.7 bp −$187	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.07 bp	6.3 bp −$6	9.7 bp −$97	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	746.00	−0.036%	$329K	$1.1M	20x
Nado META-PERP	−0.0023%	1h	745.80	−0.063%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.98	−0.039%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.10	−0.023%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.34	+0.009%	$28.5M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.32	+0.007%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	746.27	long leg	$6.0M	$13.7M	20x
Gate META_USDT	0.0000%	8h	745.67	−0.080%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.43	+0.021%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.99	−0.171%	$2.4M	$3.2M	—	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	745.25	−0.136%	$12K	$451K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.87	−0.054%	$712	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.70	−0.076%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.06	−0.028%	$106K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.85	−0.056%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.60	+0.044%	$784K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.31	−0.129%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.40	+0.017%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.38	+0.015%	$180K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.85	−0.056%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.18	−0.012%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.55	−0.096%	$786K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.14	−0.017%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.69	−0.077%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0092%	8h	746.21	−0.008%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.06	−0.028%	$1.6M	$605K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.39	−0.252%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.33	+0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.16	−0.015%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.20	−0.143%	$619K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.121%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	746.50	+0.031%	$866K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.47	+0.027%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0335%	1h	746.47	+0.027%	$70.3M	$121.1M	20x	as long as short
edgeX METAUSDC	+0.0515%	4h	745.73	−0.073%	$62K	$336K	10x	as long as short
Phoenix META	+0.0633%	1h	746.12	−0.020%	$773K	$1.4M	20x	as long as short