META

Alert

Funding spread now, next payment 14:00 UTC−0.0069%/8h

paid, last 24h−0.023%paid, last 5 days−0.270%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix META	711.88	0.0169	pay 0.0021% / 1h	37m 20s	$230K	$255K	20x
Short	Orderly PERP_META_USDC_mythos	712.97	0.0100	get 0.0100% / 8h	1h 37m	$1K	—	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee OrderlybpOrdersRate

Funding earned: −$14.41
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$27.41
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 15 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.153%
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, 15 min ago	2.94 bp	10.2 bp −$10	20.6 bp −$206	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Phemex METAUSDT	−0.0238%	4h	$1.9M	$4K	10x	as long as short
BloFin META-USDT	−0.0092%	8h	$341K	$411K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$453K	$55K	20x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.2M	$6.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	$396K	$2.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$4.8M	$5.5M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.4M	$1.8M	—	as long as short
SunX META-USDT	0.0000%	8h	$769	$6.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$29K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	$101K	$264K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended META_24_5-USD	+0.0024%	1h	$509K	$1.3M	17x	as long as short
Bybit METAUSDT	+0.0025%	8h	$6.6M	$6.4M	100x	as long as short
Binance METAUSDT	+0.0025%	8h	$25.9M	$74.6M	20x	as long as short
Nado META-PERP	+0.0032%	1h	$442K	$69K	20x	as long as short
Lighter META	+0.0032%	1h	$695K	$2.0M	20x	as long as short
Lighter RH META	+0.0032%	1h	$780K	$2.3M	20x	as long as short
QFEX META-USD	+0.0033%	1h	$1.8M	$5.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$6K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$164K	$147K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$62.9M	$41.9M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$648K	$465K	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	$946K	$2.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	$684K	$4.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$119K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$111K	$46K	50x	as long as short
Orderly PERP_META_USDC_mythosshort	+0.0100%	8h	$1K	—	10x
Aevo META-PERP	+0.0104%	1h	$257	—	10x	as long as short
Injective META/USDC PERP	+0.0147%	1h	$162K	$164K	30x	as long as short
Hotstuff META-PERP	+0.0168%	1h	$32K	$105	20x	as long as short
Phoenix METAlong	+0.0169%	1h	$230K	$255K	20x
Aftermath Perps METAUSD	+0.0265%	1h	$43K	$47K	10x	as long as short
Arcus META-USD	+0.0356%	1h	$283K	$240K	10x	as long as short
edgeX METAUSDC	+0.0723%	4h	$60K	$323K	10x	as long as short