Funding you earn now, next payment 06:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.038%
Price spread now: Injective against Popdex+0.282%106s7-day average +0.286% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$640.637% of the position
Funding, last 4 days (all we have)+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.282%, 7d avg +0.286%
=The price spread sits at its 7-day average of +0.286%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex METAUSDT | 743.80 | 0.0048 | pay 0.0006% / 1h | 23m 27s | $178K | $200K | 20x |
| Short | Injective META/USDC PERP | 745.90 | 0.0220 | get 0.0028% / 1h | 23m 27s | $172K | $46K | 30x |
Popdex METAUSDT
Injective META/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $36.12
- Price spread: +0.282% → +0.286%
- −$0.34
- Slippage, 4 orders
- −$57.29
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$27.93
- Costs to cover
- 0.637%
- Break-even
- 12.4 days
Slippage from Popdex: live order book, 25 min ago; Injective: live order book, 25 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, 25 min ago | 0.40 bp | 3.6 bp −$4 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell Injective live order book, 25 min ago | 19.96 bp | 35.1 bp −$35 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.0120% | 8h | 744.02 | +0.030% | $331K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 744.08 | +0.038% | $479K | $589K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 743.44 | −0.049% | $544K | $2.6M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 743.56 | −0.033% | $27.6M | $182.7M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 743.55 | −0.034% | $7.3M | $15.1M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 743.87 | +0.009% | $6.0M | $12.5M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 743.20 | −0.081% | $440K | $5.9M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 743.78 | −0.003% | $5.6M | $12.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 743.94 | +0.019% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 743.85 | +0.007% | $12K | $441K | 10x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni META
GRVT META_USDT_PerpShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 743.94 | +0.019% | $782 | $8.4M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 743.40 | −0.054% | $31K | $264K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 743.48 | −0.043% | $106K | $306K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 743.27 | −0.071% | $2.0M | $8K | 10x | as long as short |
| Nado META-PERP | +0.0015% | 1h | 743.64 | −0.021% | $481K | $558K | 20x | as long as short |
| Lighter RH META | +0.0032% | 1h | 743.81 | +0.001% | $769K | $2.9M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 743.22 | −0.078% | $109K | $331K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 744.13 | +0.044% | — | $11K | 25x | as long as short |
| QFEX META-USD | +0.0046% | 1h | 743.59 | −0.028% | $2.2M | $13.8M | 10x | as long as short |
| Popdex METAUSDTlong | +0.0048% | 1h | 743.80 | long leg | $178K | $200K | 20x | |
| Polymarket Perps META-USD | +0.0050% | 1h | 743.26 | −0.073% | $585K | $564K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 743.72 | −0.011% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 743.24 | −0.075% | $736K | $4.9M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0075% | 8h | 743.72 | −0.010% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0085% | 1h | 744.32 | +0.070% | $51K | $81K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 743.60 | −0.027% | $1.6M | $646K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 743.02 | −0.105% | $166K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 743.78 | −0.003% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 743.65 | −0.021% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 743.58 | −0.030% | $655K | $7.8M | 10x | as long as short |
| edgeX METAUSDC | +0.0212% | 4h | 743.26 | −0.073% | $62K | $339K | 10x | as long as short |
| Injective META/USDC PERPshort | +0.0220% | 1h | 745.90 | +0.282% | $172K | $46K | 30x | |
| Lighter META | +0.0312% | 1h | 744.00 | +0.027% | $1.0M | $2.6M | 20x | as long as short |
| Hotstuff META-PERP | +0.0360% | 1h | 744.13 | +0.044% | $33K | $105 | 20x | as long as short |
| tradeXYZ xyz:META | +0.0437% | 1h | 744.06 | +0.035% | $74.8M | $124.9M | 20x | as long as short |
| Phoenix META | +0.0685% | 1h | 744.83 | +0.138% | $795K | $1.4M | 20x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Nado META-PERP
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
QFEX META-USD
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
Aevo META-PERP
Coinbase International META-PERP-INTX
edgeX METAUSDC
Lighter META
Hotstuff META-PERP
tradeXYZ xyz:META
Phoenix META