Funding you earn now, next payment 04:00 UTC+0.0648%/8h= +71.0% APRnext payment +$3.24 per $10,000 · paid last 24h +0.098%
Price spread now: edgeX against Phemex−0.020%78s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1071.069% of the position
Funding, last 7 days+0.565%+$56 on $10k
+Price spread, last 3 days (all we have)−0.085%−$8 · spread now −0.020%, 7d avg −0.036%
=Together, before fees+0.480%+ Points / potential airdropedgeX: Active · farm board+$48 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex METAUSDT | 739.80 | 0 | get 0.0000% / 4h | 3h 21m | $2.0M | $8K | 10x |
| Short | edgeX METAUSDC | 739.65 | 0.0648 | get 0.0324% / 4h | 3h 21m | $62K | $334K | 10x |
Phemex METAUSDT
edgeX METAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. 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
- $136.12
- Price spread: −0.020% → −0.036%
- $1.55
- Slippage, 4 orders
- −$85.87
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $30.8
- Costs to cover
- 1.069%
- Break-even
- 5.4 days
Slippage from Phemex: live order book, 2 min ago; edgeX: live order book, 52 min ago.
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 Phemex live order book, 2 min ago | 1.83 bp | 45.3 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 52 min ago | 5.19 bp | 9.8 bp −$10 | 11.2 bp −$112 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.0120% | 8h | 739.51 | −0.039% | $328K | $1.1M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.0088% | 1h | 738.97 | −0.112% | $30K | $246K | 10x | as long as short |
| Nado META-PERP | −0.0025% | 1h | 739.29 | −0.069% | $421K | $394K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 739.76 | −0.006% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.44 | −0.049% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 739.71 | −0.012% | $27.4M | $179.4M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 739.95 | +0.020% | $7.6M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.61 | −0.026% | $6.0M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.19 | −0.082% | $352K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.60 | −0.027% | $5.6M | $11.1M | 100x | as long as short |
BloFin META-USDT
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 METAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni META | 0.0000% | 8h | 739.24 | −0.075% | $2.3M | $3.3M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 739.70 | −0.014% | $12K | $461K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 739.87 | +0.009% | $968 | $9.3M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.34 | −0.062% | $104K | $295K | 30x | as long as short |
| Phemex METAUSDTlong | 0.0000% | 4h | 739.80 | long leg | $2.0M | $8K | 10x | |
| Lighter RH META | +0.0032% | 1h | 739.87 | +0.009% | $750K | $3.2M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 739.89 | +0.012% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.55 | −0.034% | $177K | $195K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.33 | −0.064% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.55 | −0.034% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 738.91 | −0.120% | $673K | $4.4M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.56 | −0.032% | $2.2M | $14.2M | 10x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 739.13 | −0.091% | $110K | $331K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0064% | 8h | 739.54 | −0.035% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0070% | 1h | 740.27 | +0.063% | $48K | $80K | 10x | as long as short |
| Hotstuff META-PERP | +0.0080% | 1h | 739.54 | −0.035% | $33K | $105 | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 739.74 | −0.008% | $1.6M | $437K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.16 | −0.087% | $166K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.61 | −0.026% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.40 | −0.055% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 739.31 | −0.066% | $613K | $7.3M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0167% | 1h | 739.72 | −0.011% | $67.5M | $121.5M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 741.54 | +0.235% | $171K | $48K | 30x | as long as short |
| Lighter META | +0.0224% | 1h | 739.88 | +0.011% | $851K | $2.5M | 20x | as long as short |
| Phoenix META | +0.0259% | 1h | 740.01 | +0.028% | $291K | $930K | 20x | as long as short |
| edgeX METAUSDCshort | +0.0648% | 4h | 739.65 | −0.020% | $62K | $334K | 10x |
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Arcus META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
Hotstuff META-PERP
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
tradeXYZ xyz:META
Injective META/USDC PERP
Lighter META
Phoenix META