Funding you earn now, next payment 02:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h −0.011%
Price spread now: Hotstuff against Popdex+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hotstuff is 0.022% dearer against Popdex than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex METAUSDT | 739.83 | 0.0048 | pay 0.0006% / 1h | 39m 48s | $176K | $197K | 20x |
| Short | Hotstuff META-PERP | 739.99 | 0.0112 | get 0.0014% / 1h | 39m 48s | $33K | $105 | 20x |
Popdex METAUSDT
Hotstuff META-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- $13.44
- Price spread: +0.022% → 0.000%
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $4.2
- Costs to cover
- 0.114%
- Break-even
- 4.8 days
Slippage unknown: Popdex: live order book, 29 min ago; Hotstuff: no order-book sample. Net counts fees only.
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, 29 min ago | 0.27 bp | 5.9 bp −$6 | 13.6 bp −$136 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | −0.0264% | 1h | 739.36 | −0.064% | $31K | $244K | 10x | as long as short |
| Nado META-PERP | −0.0146% | 1h | 739.78 | −0.007% | $478K | $547K | 20x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 739.99 | +0.022% | $327K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.68 | +0.115% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.61 | −0.030% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 739.80 | −0.004% | $27.3M | $179.3M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 739.87 | +0.005% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.71 | −0.016% | $5.9M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.60 | −0.031% | $351K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.92 | +0.012% | $5.5M | $11.3M | 100x | as long as short |
Deribit META_USDC-PERPETUAL
Nado META-PERP
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 | 739.73 | −0.013% | $2.3M | $3.1M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.13 | +0.041% | $12K | $444K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 739.93 | +0.014% | $1K | $9.2M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.69 | −0.019% | $105K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.05 | +0.030% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 739.91 | +0.011% | $2.2M | $14.0M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.14 | +0.042% | $750K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 739.55 | −0.038% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.32 | +0.066% | — | $11K | 25x | as long as short |
| Popdex METAUSDTlong | +0.0048% | 1h | 739.83 | long leg | $176K | $197K | 20x | |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.71 | −0.016% | $557K | $855K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.82 | −0.001% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.24 | −0.080% | $697K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 739.82 | −0.002% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0069% | 1h | 740.46 | +0.086% | $49K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.01 | +0.024% | $1.6M | $469K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.34 | −0.066% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.85 | +0.003% | $1K | $24 | 10x | as long as short |
| Lighter META | +0.0104% | 1h | 740.03 | +0.027% | $855K | $2.4M | 20x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.72 | −0.014% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 739.45 | −0.051% | $609K | $7.2M | 10x | as long as short |
| Hotstuff META-PERPshort | +0.0112% | 1h | 739.99 | +0.022% | $33K | $105 | 20x | |
| Injective META/USDC PERP | +0.0220% | 1h | 739.58 | −0.034% | $170K | $48K | 30x | as long as short |
| tradeXYZ xyz:META | +0.0249% | 1h | 740.03 | +0.027% | $68.3M | $120.5M | 20x | as long as short |
| Phoenix META | +0.0313% | 1h | 740.70 | +0.118% | $381K | $1.1M | 20x | as long as short |
| edgeX METAUSDC | +0.0992% | 4h | 740.02 | +0.026% | $62K | $334K | 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
Arcus META-USD
Vest META-USD-PERP
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Lighter META
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
tradeXYZ xyz:META
Phoenix META
edgeX METAUSDC