META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.050%

Price spread now: Injective against Ondo Perps+0.388%7-day average +0.385% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.342%+$34 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.388%, 7d avg +0.385%

Together, before fees+0.172%+ Points / potential airdropOndo Perps: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.385%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	739.55	0.0050	pay 0.0006% / 1h	14m 55s	$697K	$4.3M	10x
Short	Injective META/USDC PERP	742.42	0.0220	get 0.0028% / 1h	14m 55s	$171K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee InjectivebpOrdersPrice spread, now +0.388%Rate

Funding earned: $35.62
Price spread: +0.388% → +0.385%: $0.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $30.88
Costs to cover: 0.050%
Break-even: 0.9 days

Slippage unknown: Ondo Perps: no order-book sample; Injective: live order book, 54 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Injective live order book, 54 min ago	14.91 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 35 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
Nado META-PERP	−0.0120%	1h	739.73	+0.025%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.66	+0.150%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.94	+0.053%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.12	+0.077%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.90	+0.047%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	+0.095%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.77	+0.030%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.099%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.06	+0.069%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.16	+0.082%	$12K	$433K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	739.93	+0.051%	$959	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.59	+0.005%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.12	+0.077%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.23	+0.092%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.05	+0.068%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.35	+0.108%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.74	+0.026%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.31	+0.103%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.12	+0.077%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.86	+0.042%	$557K	$701K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.08	+0.072%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	739.55	long leg	$697K	$4.3M	10x
Paradex META-USD-PERP	+0.0056%	8h	739.89	+0.046%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.89	+0.181%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.16	+0.082%	$1.6M	$487K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.74	+0.026%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.05	+0.068%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.96	+0.055%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.150%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.27	+0.097%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.13	+0.078%	$33K	$105	20x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	742.42	+0.388%	$171K	$48K	30x
tradeXYZ xyz:META	+0.0245%	1h	740.09	+0.073%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.176%	$438K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	739.98	+0.058%	$62K	$336K	10x	as long as short