META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.017%

Price spread now: Deribit against Popdex−0.066%7-day average −0.061% · 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−$28as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Popdex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.050%−$5 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.066%, 7d avg −0.061%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	741.94	0.0048	pay 0.0006% / 1h	51m 48s	$178K	$199K	20x
Short	Deribit META_USDC-PERPETUAL	741.45	0	get 0.0000% / 1h	51m 48s	$31K	$245K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Popdex. 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 PopdexbpFee DeribitbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$10.08
Price spread: −0.066% → −0.061%: −$0.46
Slippage, 4 orders: −$13.67
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.61
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Popdex: live order book, 12 min ago; Deribit: live order book, 12 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, 12 min ago	0.54 bp	4.3 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell Deribit live order book, 12 min ago	0.07 bp	3.6 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit

META on 35 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	−0.0064%	1h	741.46	−0.065%	$479K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.58	−0.049%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.62	−0.043%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.88	−0.008%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.75	−0.026%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.94	0.000%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.58	−0.049%	$356K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.91	−0.004%	$5.4M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.87	−0.009%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.09	+0.020%	$12K	$430K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.78	−0.022%	$780	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	741.45	−0.066%	$31K	$245K	10x
HTX META-USDT	0.0000%	8h	741.59	−0.047%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.08	+0.019%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.05	+0.015%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.74	−0.027%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.38	−0.075%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.12	+0.024%	—	$10K	25x	as long as short
Popdex METAUSDTlong	+0.0048%	1h	741.94	long leg	$178K	$199K	20x
Polymarket Perps META-USD	+0.0050%	1h	741.75	−0.026%	$559K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.88	−0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.21	−0.098%	$705K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	741.64	−0.040%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	742.58	+0.086%	$49K	$81K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	−0.016%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.91	−0.004%	$1.6M	$504K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.40	−0.073%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.74	−0.027%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.59	−0.047%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0192%	4h	741.75	−0.025%	$62K	$335K	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	741.91	−0.004%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.66	−0.173%	$171K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	742.06	+0.016%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0325%	1h	742.04	+0.013%	$68.7M	$119.7M	20x	as long as short
Phoenix META	+0.0496%	1h	742.71	+0.104%	$487K	$1.1M	20x	as long as short