data as of
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Funding arb /

META

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Funding spread now, next payment 17:00 UTC+0.0032%/8h
paid, last 24h+0.018%paid, last 7 days+0.077%to open and close $10k−$102
Long on PhemexShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex METAUSDT729.070get 0.0000% / 4h3h 11m$1.9M$5K10x
ShortLighter RH META729.100.0032get 0.0004% / 1h11m 15s$662K$2.6M20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$6.72
Slippage, 4 orders
−$90.29
Fee Phemex: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$95.57
Break-even
106.6 days
Slippage from Phemex: live order book, 4 min ago; Lighter RH: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.004%
Avg gap 7d
−0.024%
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, 4 min ago2.12 bp39.6 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 3 min ago2.74 bp3.1 bp −$36.3 bp −$6339.8 bp −$3,978doesn't fit

META on 35 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin META-USDT−0.0120%8h$326K$614K20xas long as short
Aster METAUSDT0.0000%8h$448K$113K20xas long as short
Extended META_24_5-USD0.0000%1h$539K$1.4M17xas long as short
Binance METAUSDT0.0000%8h$25.4M$115.3M20xas long as short
Bybit METAUSDT0.0000%8h$7.5M$9.0M100xas long as short
OKX META-USDT-SWAP0.0000%8h$5.8M$9.6M20xas long as short
Gate META_USDT0.0000%8h$362K$3.8M100xas long as short
Bitget METAUSDT0.0000%8h$5.2M$7.5M100xas long as short
Variational Omni META0.0000%8h$1.4M$2.1M—as long as short
SunX META-USDT0.0000%8h$962$9.3M20xas long as short
Show all 35 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit META_USDC-PERPETUAL0.0000%1h$28K$266K10xas long as short
HTX META-USDT0.0000%8h$103K$270K30xas long as short
Phemex METAUSDTlong0.0000%4h$1.9M$5K10x
Hotstuff META-PERP+0.0008%1h$33K$10520xas long as short
QFEX META-USD+0.0016%1h$1.8M$8.0M10xas long as short
Lighter META+0.0032%1h$701K$2.2M20xas long as short
Lighter RH METAshort+0.0032%1h$662K$2.6M20x
Nado META-PERP+0.0037%1h$394K$122K20xas long as short
Coinbase International META-PERP-INTX+0.0040%1h$677K$5.7M10xas long as short
Arcus META-USD+0.0040%1h$271K$292K10xas long as short
Vest META-USD-PERP+0.0046%1h—$8K25xas long as short
Popdex METAUSDT+0.0048%1h$176K$165K20xas long as short
tradeXYZ xyz:META+0.0050%1h$66.2M$52.8M20xas long as short
Polymarket Perps META-USD+0.0050%1h$662K$481K10xas long as short
SoDEX META-USD+0.0050%1h$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h$849K$2.8M10xas long as short
Paradex META-USD-PERP+0.0051%8h——5xas long as short
Phoenix META+0.0100%1h$240K$361K20xas long as short
KuCoin METAUSDTM+0.0100%8h$1.5M$183K20xas long as short
ApeX Omni METAUSDT+0.0100%1h$134K$56K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h$1K—10xas long as short
Aevo META-PERP+0.0104%1h$262—10xas long as short
Injective META/USDC PERP+0.0220%1h$166K$135K30xas long as short
Aftermath Perps METAUSD+0.0276%1h$43K$47K10xas long as short
edgeX METAUSDC+0.0810%4h$61K$324K10xas long as short