data as of
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Funding arb /

META

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Funding spread now, next payment 17:00 UTC+0.0055%/8h
paid, last 24h+0.047%paid, last 7 days+0.386%to open and close $10k−$38
Long on OKXShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX META-USDT-SWAP735.670get 0.0000% / 8h6h 42m$5.9M$10.1M20x
ShortPhoenix META734.240.0055get 0.0007% / 1h42m 39s$251K$513K20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$11.53
Slippage, 4 orders
−$21.08
Fee OKX: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$26.55
Break-even
23.1 days
Slippage from OKX: live order book, 2 min ago; Phoenix: live order book, 60 min ago.

Price risk

price view
Price gap now
−0.194%
Avg gap 7d
−0.022%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago1.97 bp8.8 bp −$918.4 bp −$184doesn't fitdoesn't fit
Sell Phoenix live order book, 60 min ago2.62 bp9.5 bp −$918.8 bp −$188doesn't fitdoesn't fit

META on 35 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin META-USDT−0.0120%8h$328K$649K20xas long as short
Aster METAUSDT0.0000%8h$452K$136K20xas long as short
Extended META_24_5-USD0.0000%1h$546K$1.4M17xas long as short
Binance METAUSDT0.0000%8h$25.4M$122.3M20xas long as short
Bybit METAUSDT0.0000%8h$7.6M$9.4M100xas long as short
OKX META-USDT-SWAPlong0.0000%8h$5.9M$10.1M20x
Gate META_USDT0.0000%8h$347K$4.0M100xas long as short
Bitget METAUSDT0.0000%8h$5.4M$8.0M100xas long as short
Variational Omni META0.0000%8h$1.4M$2.2M—as long as short
SunX META-USDT0.0000%8h$837$9.3M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX META-USDT0.0000%8h$104K$271K30xas long as short
Phemex METAUSDT0.0000%4h$1.9M$5K10xas long as short
Nado META-PERP+0.0018%1h$389K$172K20xas long as short
QFEX META-USD+0.0020%1h$1.8M$9.0M10xas long as short
Deribit META_USDC-PERPETUAL+0.0022%1h$28K$266K10xas long as short
Lighter META+0.0032%1h$847K$2.4M20xas long as short
Lighter RH META+0.0032%1h$704K$2.6M20xas long as short
Vest META-USD-PERP+0.0046%1h—$8K25xas long as short
Popdex METAUSDT+0.0048%1h$177K$168K20xas long as short
Coinbase International META-PERP-INTX+0.0048%1h$643K$6.0M10xas long as short
tradeXYZ xyz:META+0.0050%1h$66.9M$55.3M20xas long as short
Polymarket Perps META-USD+0.0050%1h$665K$483K10xas long as short
SoDEX META-USD+0.0050%1h$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h$759K$3.0M10xas long as short
Paradex META-USD-PERP+0.0051%8h——5xas long as short
Phoenix METAshort+0.0055%1h$251K$513K20x
Hotstuff META-PERP+0.0080%1h$33K$10520xas long as short
KuCoin METAUSDTM+0.0100%8h$1.5M$198K20xas long as short
ApeX Omni METAUSDT+0.0100%1h$135K$56K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h$1K—10xas long as short
Aevo META-PERP+0.0104%1h$264—10xas long as short
Injective META/USDC PERP+0.0220%1h$167K$101K30xas long as short
Aftermath Perps METAUSD+0.0275%1h$44K$47K10xas long as short
Arcus META-USD+0.0325%1h$269K$297K10xas long as short
edgeX METAUSDC+0.0951%4h$61K$327K10xas long as short