META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0635%/8h= −69.5% APRnext payment −$0.79 per $10,000 · paid last 24h −0.045%

Price spread now: Aevo against Phoenix−0.241%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Aevo is 0.241% cheaper against Phoenix than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	Phoenix META	747.55	0.0739	pay 0.0092% / 1h	53m 31s	$798K	$1.5M	20x
Short	Aevo META-PERP	745.75	0.0104	get 0.0013% / 1h	53m 31s	$268	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee AevobpOrdersPrice spread, now −0.241%Rate

Funding earned: −$133.32
Price spread: −0.241% → 0.000%: −$24.13
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$180.45
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 5 min ago; Aevo: no order-book sample. 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 Phoenix live order book, 5 min ago	2.41 bp	9.0 bp −$9	17.7 bp −$177	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 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	745.99	−0.209%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0047%	1h	745.61	−0.260%	$483K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.84	−0.229%	$479K	$592K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.86	−0.226%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.11	−0.193%	$27.0M	$184.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.06	−0.199%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.99	−0.209%	$6.1M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.59	−0.262%	$435K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.12	−0.191%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.55	−0.267%	$2.4M	$3.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	746.19	−0.182%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.70	−0.247%	$576	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.78	−0.237%	$31K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.64	−0.256%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.02	−0.205%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.93	−0.217%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.45	−0.147%	$788K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.50	−0.274%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.52	−0.138%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.09	−0.195%	$178K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.66	−0.253%	$587K	$567K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.90	−0.221%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.59	−0.262%	$711K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.96	−0.213%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.58	−0.130%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.84	−0.229%	$1.6M	$664K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.09	−0.329%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.90	−0.221%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	745.75	−0.241%	$268	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	745.35	−0.294%	$670K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.744%	$174K	$46K	30x	as long as short
edgeX METAUSDC	+0.0291%	4h	745.74	−0.243%	$62K	$342K	10x	as long as short
Lighter META	+0.0352%	1h	746.51	−0.139%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.43	−0.150%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0560%	1h	746.56	−0.132%	$76.8M	$126.4M	20x	as long as short
Phoenix METAlong	+0.0739%	1h	747.55	long leg	$798K	$1.5M	20x