data as of
Settings8H · net · $10k
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Funding arb /

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC+0.0021%/8h
paid, last 24h+0.033%paid, last 3 days+0.035%to open and close $10k−$93
Long on PhemexShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex METAUSDT712.59−0.0021get 0.0010% / 4h32m 28s$1.9M$5K10x
ShortBinance METAUSDT713.010get 0.0000% / 8h32m 28s$25.3M$93.3M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$4.37
Slippage, 4 orders
−$71.11
Fee Phemex: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$88.74
Break-even
149.1 days
Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 12 min ago.

Price risk

price view
Price gap now
+0.059%
Avg gap 7d
−0.026%
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 Phemex live order book, 2 min ago1.47 bp38.5 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 12 min ago0.42 bp6.1 bp −$611.1 bp −$11146.6 bp −$4,656doesn't fit

META on 35 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin META-USDT−0.0120%8h$341K$470K20xas long as short
Phemex METAUSDTlong−0.0021%4h$1.9M$5K10x
Aster METAUSDT0.0000%8h$439K$86K20xas long as short
Extended META_24_5-USD0.0000%1h$515K$1.3M17xas long as short
Binance METAUSDTshort0.0000%8h$25.3M$93.3M20x
Bybit METAUSDT0.0000%8h$6.8M$7.3M100xas long as short
OKX META-USDT-SWAP0.0000%8h$6.1M$7.4M20xas long as short
Gate META_USDT0.0000%8h$383K$3.2M100xas long as short
Bitget METAUSDT0.0000%8h$4.9M$5.9M100xas long as short
Variational Omni META0.0000%8h$1.4M$1.9M—as long as short
Show all 35 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SunX META-USDT0.0000%8h$965$8.2M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h$29K$254K10xas long as short
HTX META-USDT0.0000%8h$101K$265K30xas long as short
Nado META-PERP+0.0016%1h$442K$87K20xas long as short
QFEX META-USD+0.0028%1h$1.8M$6.0M10xas long as short
Lighter META+0.0032%1h$686K$2.1M20xas long as short
Lighter RH META+0.0032%1h$667K$2.4M20xas long as short
Vest META-USD-PERP+0.0046%1h—$6K25xas long as short
Popdex METAUSDT+0.0048%1h$166K$155K20xas long as short
tradeXYZ xyz:META+0.0050%1h$61.7M$46.6M20xas long as short
Polymarket Perps META-USD+0.0050%1h$648K$463K10xas long as short
SoDEX META-USD+0.0050%1h$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h$845K$2.6M10xas long as short
Paradex META-USD-PERP+0.0052%8h——5xas long as short
Coinbase International META-PERP-INTX+0.0056%1h$644K$4.9M10xas long as short
Hotstuff META-PERP+0.0072%1h$32K$10520xas long as short
Arcus META-USD+0.0088%1h$280K$249K10xas long as short
Phoenix META+0.0090%1h$230K$284K20xas long as short
KuCoin METAUSDTM+0.0100%8h$1.5M$140K20xas long as short
ApeX Omni METAUSDT+0.0100%1h$111K$46K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h$1K—10xas long as short
Aevo META-PERP+0.0104%1h$257—10xas long as short
Injective META/USDC PERP+0.0220%1h$162K$135K30xas long as short
Aftermath Perps METAUSD+0.0242%1h$43K$48K10xas long as short
edgeX METAUSDC+0.0875%4h$60K$324K10xas long as short