META

Alert

Funding spread now, next payment 20:00 UTC+0.0050%/8h

paid, last 24h—paid, last 7 days—to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex METAUSDT	745.29	0	get 0.0000% / 4h	1h 04m	$2.0M	$6K	10x
Short	Paradex META-USD-PERP	744.78	0.0050	get 0.0050% / 8h	5h 04m	—	—	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee ParadexbpOrdersRate

Funding earned: $10.57
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.43
Break-even: 10.6 days

Slippage unknown: Phemex: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.069%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 5 min ago	2.41 bp	48.2 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	$336K	$1.0M	20x	as long as short
Nado META-PERP	−0.0019%	1h	$394K	$215K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$458K	$432K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$554K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$27.7M	$154.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$8.0M	$11.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.1M	$12.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	$359K	$4.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$5.8M	$9.4M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.6M	$2.2M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix META	0.0000%	1h	$276K	$618K	20x	as long as short
SunX META-USDT	0.0000%	8h	$929	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$28K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	$105K	$280K	30x	as long as short
Phemex METAUSDTlong	0.0000%	4h	$2.0M	$6K	10x
QFEX META-USD	+0.0026%	1h	$2.2M	$12.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	$737K	$3.0M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$9K	25x	as long as short
Lighter META	+0.0048%	1h	$860K	$2.5M	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	$175K	$192K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$648K	$6.5M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$77.2M	$92.0M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$543K	$835K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$25K	$3K	10x	as long as short
Paradex META-USD-PERPshort	+0.0050%	8h	—	—	5x
Ondo Perps META-USD.P	+0.0050%	1h	$712K	$3.6M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.6M	$287K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0160%	1h	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$169K	$76K	30x	as long as short
Aftermath Perps METAUSD	+0.0295%	1h	$44K	$46K	10x	as long as short
Arcus META-USD	+0.0478%	1h	$267K	$308K	10x	as long as short
edgeX METAUSDC	+0.0488%	4h	$62K	$328K	10x	as long as short