Funding you earn now, next payment 02:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.023%
Price spread now: tradeXYZ against Orderly−0.007%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 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 | 740.26 | 0.0100 | pay 0.0100% / 8h | 6h 13m | $1K | $24 | 10x |
| Short | tradeXYZ xyz:META | 740.21 | 0.0241 | get 0.0030% / 1h | 13m 15s | $68.3M | $120.0M | 20x |
Orderly PERP_META_USDC_mythos
tradeXYZ xyz:METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $29.6
- Price spread: −0.007% → 0.000%
- −$0.68
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $4.92
- Costs to cover
- 0.240%
- Break-even
- 5.8 days
Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago | 0.41 bp | 9.7 bp −$10 | 10.4 bp −$104 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | −0.0128% | 1h | 739.79 | −0.063% | $31K | $244K | 10x | as long as short |
| Nado META-PERP | −0.0120% | 1h | 740.05 | −0.029% | $478K | $549K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.85 | +0.080% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.08 | −0.024% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.29 | +0.004% | $27.3M | $179.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.15 | −0.015% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.13 | −0.018% | $5.9M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.97 | −0.039% | $352K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.28 | +0.003% | $5.5M | $11.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.06 | −0.027% | $2.3M | $3.1M | — | as long as short |
Deribit META_USDC-PERPETUAL
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.19 | −0.010% | $12K | $434K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.13 | −0.018% | $879 | $9.2M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.05 | −0.028% | $105K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.23 | −0.004% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 740.22 | −0.005% | $2.2M | $13.9M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.54 | +0.038% | $750K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 739.73 | −0.072% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.54 | +0.038% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.22 | −0.005% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.20 | −0.008% | $558K | $547K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.19 | −0.009% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.36 | −0.122% | $697K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 740.12 | −0.019% | — | — | 5x | as long as short |
| edgeX METAUSDC | +0.0066% | 4h | 739.99 | −0.037% | $62K | $337K | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0071% | 1h | 740.82 | +0.075% | $49K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.35 | +0.012% | $1.6M | $487K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.61 | −0.088% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythoslong | +0.0100% | 8h | 740.26 | long leg | $1K | $24 | 10x | |
| Aevo META-PERP | +0.0104% | 1h | 740.10 | −0.021% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 740.66 | +0.054% | $609K | $7.2M | 10x | as long as short |
| Lighter META | +0.0136% | 1h | 740.49 | +0.031% | $860K | $2.4M | 20x | as long as short |
| Hotstuff META-PERP | +0.0160% | 1h | 740.27 | +0.001% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 739.90 | −0.049% | $171K | $48K | 30x | as long as short |
| tradeXYZ xyz:METAshort | +0.0241% | 1h | 740.21 | −0.007% | $68.3M | $120.0M | 20x | |
| Phoenix META | +0.0313% | 1h | 740.88 | +0.084% | $442K | $1.1M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
edgeX METAUSDC
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Aevo META-PERP
Coinbase International META-PERP-INTX
Lighter META
Hotstuff META-PERP
Injective META/USDC PERP
Phoenix META