META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against Orderly+0.011%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	744.88	0.0100	pay 0.0100% / 8h	1h 18m	$1K	$24	10x
Short	Bybit METAUSDT	744.96	0	get 0.0000% / 8h	1h 18m	$7.3M	$15.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$21
Price spread: +0.011% → 0.000%: $1.07
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$36.93
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	1.14 bp	9.8 bp −$10	17.8 bp −$178	doesn't fit	doesn't fit

Orderly: 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 37 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	744.56	−0.043%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0040%	1h	744.51	−0.049%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.23	+0.047%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.78	−0.014%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.92	+0.005%	$25.0M	$188.1M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	744.96	+0.011%	$7.3M	$15.3M	100x
OKX META-USDT-SWAP	0.0000%	8h	745.16	+0.038%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.45	−0.058%	$462K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.81	−0.009%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.80	−0.011%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.80	−0.011%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.80	−0.011%	$693	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.46	−0.056%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.55	−0.044%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.85	−0.004%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.72	−0.021%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.34	+0.062%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.62	−0.035%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.17	+0.039%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.92	+0.005%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.36	−0.070%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.81	−0.009%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.61	−0.036%	$685K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	744.87	−0.001%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.80	+0.123%	$52K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.92	+0.005%	$1.6M	$689K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.29	−0.079%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	744.88	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	744.70	−0.025%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.020%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.34	+0.330%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.50	+0.083%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.49	+0.082%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0489%	1h	745.51	+0.085%	$77.9M	$127.6M	20x	as long as short
Phoenix META	+0.0739%	1h	746.23	+0.181%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.10	+0.029%	$16	$103	10x	as long as short
edgeX METAUSDC	+0.0905%	4h	744.74	−0.019%	$62K	$343K	10x	as long as short