META

Alert

Funding spread now, next payment 17:00 UTC+0.0049%/8h

next payment, per $10,000+$0.06paid, last 24h−0.035%paid, last 3 days−0.382%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix META	740.96	0.0055	pay 0.0007% / 1h	2m 38s	$274K	$513K	20x
Short	Hotstuff META-PERP	741.53	0.0104	get 0.0013% / 1h	2m 38s	$33K	$105	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee HotstuffbpOrdersRate

Funding earned: $10.31
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$1.69
Break-even: 8.1 days

Slippage unknown: Phoenix: live order book, 36 min ago; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.077%
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 Phoenix live order book, 36 min ago	2.99 bp	10.1 bp −$10	20.5 bp −$205	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	−0.0022%	8h	$332K	$928K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$457K	$193K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$552K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$26.5M	$137.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.9M	$10.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.9M	$10.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	$342K	$4.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$5.7M	$8.9M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.5M	$2.2M	—	as long as short
SunX META-USDT	0.0000%	8h	$969	$9.3M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
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 METAUSDT	0.0000%	4h	$2.0M	$5K	10x	as long as short
Nado META-PERP	+0.0004%	1h	$393K	$173K	20x	as long as short
QFEX META-USD	+0.0020%	1h	$1.9M	$10.4M	10x	as long as short
Lighter RH META	+0.0032%	1h	$709K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$172K	$183K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$646K	$6.3M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$70.3M	$69.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$672K	$484K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$739K	$3.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
Phoenix METAlong	+0.0055%	1h	$274K	$513K	20x
Lighter META	+0.0072%	1h	$856K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.6M	$266K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
Hotstuff META-PERPshort	+0.0104%	1h	$33K	$105	20x
Aevo META-PERP	+0.0104%	1h	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$169K	$101K	30x	as long as short
Aftermath Perps METAUSD	+0.0288%	1h	$44K	$45K	10x	as long as short
Arcus META-USD	+0.0325%	1h	$270K	$302K	10x	as long as short
edgeX METAUSDC	+0.0664%	4h	$62K	$327K	10x	as long as short