META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h −0.002%

Price spread now: QFEX against Ondo Perps+0.054%7-day average +0.055% · you sell dearer than you buy

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

Long on Ondo Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 7 days+0.065%+$7 · spread now +0.054%, 7d avg +0.055%

Together, before fees+0.017%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$1 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	739.74	0.0050	pay 0.0006% / 1h	34m 33s	$697K	$4.3M	10x
Short	QFEX META-USD	740.14	0.0025	get 0.0003% / 1h	34m 33s	$2.2M	$14.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Ondo Perps. 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 Ondo PerpsbpFee QFEXbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$5.28
Price spread: +0.054% → +0.055%: −$0.09
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.36
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; QFEX: live order book, 5 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 QFEX live order book, 5 min ago	2.37 bp	7.5 bp −$7	9.6 bp −$96	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 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
Nado META-PERP	−0.0138%	1h	739.88	+0.019%	$478K	$546K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	+0.034%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.75	+0.136%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.22	+0.065%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.42	+0.092%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.36	+0.084%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.36	+0.084%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.96	+0.030%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.073%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.13	+0.053%	$2.3M	$3.1M	—	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	739.97	+0.031%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.44	+0.095%	$635	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.23	+0.066%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.16	+0.057%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0020%	1h	739.97	+0.031%	$31K	$244K	10x	as long as short
QFEX META-USDshort	+0.0025%	1h	740.14	+0.054%	$2.2M	$14.0M	10x
Lighter RH META	+0.0032%	1h	740.39	+0.088%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.77	+0.004%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.41	+0.091%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.42	+0.092%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.21	+0.064%	$558K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.18	+0.059%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	739.74	long leg	$697K	$4.3M	10x
Paradex META-USD-PERP	+0.0057%	8h	740.17	+0.058%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.70	+0.129%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.15	+0.055%	$1.6M	$477K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.45	−0.039%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.09	+0.047%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	740.31	+0.077%	$855K	$2.4M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.88	+0.018%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.039%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.34	+0.081%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0168%	4h	739.75	+0.001%	$62K	$335K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.56	−0.024%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0254%	1h	740.37	+0.085%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	740.68	+0.127%	$394K	$1.1M	20x	as long as short