META

Alert

Funding spread now, next payment 16:00 UTC−0.0049%/8h

next payment, per $10,000−$0.06paid, last 24h−0.032%paid, last 7 days−0.278%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix META	726.51	0.0100	pay 0.0012% / 1h	35m 52s	$283K	$361K	20x
Short	Ondo Perps META-USD.P	727.35	0.0050	get 0.0006% / 1h	35m 52s	$852K	$2.8M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Ondo PerpsbpOrdersRate

Funding earned: −$10.39
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$22.39
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 7 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.116%
Avg gap 7d: −0.062%

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, 7 min ago	2.62 bp	9.5 bp −$9	18.8 bp −$188	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	$326K	$572K	20x	as long as short
Hotstuff META-PERP	−0.0056%	1h	$33K	$105	20x	as long as short
Phemex METAUSDT	−0.0022%	4h	$1.9M	$5K	10x	as long as short
Aster METAUSDT	0.0000%	8h	$447K	$96K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$522K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$25.5M	$109.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.6M	$8.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.9M	$9.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	$373K	$3.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$5.2M	$7.3M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	$1.4M	$2.1M	—	as long as short
SunX META-USDT	0.0000%	8h	$711	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$28K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	$103K	$269K	30x	as long as short
QFEX META-USD	+0.0016%	1h	$1.8M	$7.5M	10x	as long as short
Nado META-PERP	+0.0024%	1h	$394K	$121K	20x	as long as short
Lighter META	+0.0032%	1h	$700K	$2.2M	20x	as long as short
Lighter RH META	+0.0032%	1h	$653K	$2.6M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0040%	1h	$695K	$5.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	$280K	$278K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$6K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$174K	$162K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$66.0M	$51.1M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$661K	$478K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	$852K	$2.8M	10x
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
Phoenix METAlong	+0.0100%	1h	$283K	$361K	20x
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$187K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$133K	$56K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
Aevo META-PERP	+0.0104%	1h	$262	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$166K	$135K	30x	as long as short
Aftermath Perps METAUSD	+0.0244%	1h	$44K	$47K	10x	as long as short
edgeX METAUSDC	+0.0604%	4h	$61K	$324K	10x	as long as short