Funding you earn now, next payment 02:00 UTC−0.0008%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h +0.027%
Price spread now: Arcus against Popdex−0.054%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 3 days (all we have)+0.062%+$6 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.054%, 7d avg −0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.020% cheaper against Popdex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex METAUSDT | 740.41 | 0.0048 | pay 0.0006% / 1h | 57m 52s | $176K | $197K | 20x |
| Short | Arcus META-USD | 740.01 | 0.0040 | get 0.0005% / 1h | 57m 52s | $110K | $331K | 10x |
Popdex METAUSDT
Arcus META-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Popdex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.62
- Price spread: −0.054% → −0.034%
- −$2.01
- Slippage, 4 orders
- −$17.9
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$32.43
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 11 min ago; Arcus: live order book, 11 min ago.
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 Popdex live order book, 11 min ago | 0.27 bp | 5.9 bp −$6 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 11 min ago | 2.84 bp | 12.5 bp −$12 | 14.8 bp −$148 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado META-PERP | −0.0204% | 1h | 740.38 | −0.004% | $490K | $527K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.0155% | 1h | 740.00 | −0.055% | $30K | $246K | 10x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 740.34 | −0.009% | $326K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.47 | +0.008% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.30 | −0.015% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.45 | +0.005% | $27.4M | $179.9M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.56 | +0.020% | $7.5M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.11 | −0.041% | $5.9M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.21 | −0.027% | $351K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.44 | +0.004% | $5.6M | $11.3M | 100x | as long as short |
Nado META-PERP
Deribit META_USDC-PERPETUAL
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni META | 0.0000% | 8h | 740.22 | −0.026% | $2.4M | $3.3M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.46 | +0.007% | $12K | $452K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.43 | +0.003% | $801 | $9.3M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.21 | −0.027% | $105K | $295K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.56 | +0.020% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 740.18 | −0.031% | $2.2M | $14.1M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.68 | +0.036% | $753K | $3.0M | 20x | as long as short |
| Arcus META-USDshort | +0.0040% | 1h | 740.01 | −0.054% | $110K | $331K | 10x | |
| Vest META-USD-PERP | +0.0046% | 1h | 740.83 | +0.057% | — | $11K | 25x | as long as short |
| Hotstuff META-PERP | +0.0048% | 1h | 740.59 | +0.024% | $33K | $105 | 20x | as long as short |
| Popdex METAUSDTlong | +0.0048% | 1h | 740.41 | long leg | $176K | $197K | 20x | |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.18 | −0.031% | $558K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.39 | −0.003% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.86 | −0.074% | $693K | $4.4M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0059% | 8h | 740.39 | −0.003% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0067% | 1h | 741.00 | +0.080% | $48K | $80K | 10x | as long as short |
| Lighter META | +0.0080% | 1h | 740.60 | +0.026% | $857K | $2.4M | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.65 | +0.032% | $1.6M | $456K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 740.26 | −0.020% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.47 | +0.008% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.22 | −0.026% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 740.19 | −0.030% | $610K | $7.4M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0157% | 1h | 740.60 | +0.026% | $68.0M | $121.2M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 742.82 | +0.325% | $171K | $48K | 30x | as long as short |
| Phoenix META | +0.0259% | 1h | 741.06 | +0.088% | $343K | $920K | 20x | as long as short |
| edgeX METAUSDC | +0.0352% | 4h | 740.50 | +0.012% | $62K | $336K | 10x | as long as short |
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Vest META-USD-PERP
Hotstuff META-PERP
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Lighter META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
tradeXYZ xyz:META
Injective META/USDC PERP
Phoenix META
edgeX METAUSDC