data as of
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Funding arb /

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC−0.0051%/8h
paid, last 24h−0.037%paid, last 3 days−0.071%to open and close $10k−$104
Long on PopdexShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex METAUSDT714.060.0048pay 0.0006% / 1h25m 42s$168K$156K20x
ShortPhemex METAUSDT713.96−0.0003pay 0.0002% / 4h25m 42s$1.9M$5K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$10.78
Slippage, 4 orders
−$85.53
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$114.71
Break-even
never at this rate
Slippage from Popdex: live order book, 24 min ago; Phemex: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.014%
Avg gap 7d
+0.027%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 24 min ago1.20 bp5.8 bp −$619.4 bp −$194doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago2.45 bp46.0 bp −$46doesn't fitdoesn't fitdoesn't fit

META on 35 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin META-USDT−0.0120%8h$341K$474K20xas long as short
Phemex METAUSDTshort−0.0003%4h$1.9M$5K10x
Aster METAUSDT0.0000%8h$440K$86K20xas long as short
Extended META_24_5-USD0.0000%1h$517K$1.3M17xas long as short
Binance METAUSDT0.0000%8h$25.4M$94.7M20xas long as short
Bybit METAUSDT0.0000%8h$7.3M$7.6M100xas long as short
OKX META-USDT-SWAP0.0000%8h$6.1M$7.5M20xas long as short
Gate META_USDT0.0000%8h$384K$3.3M100xas long as short
Bitget METAUSDT0.0000%8h$4.9M$6.0M100xas long as short
Variational Omni META0.0000%8h$1.4M$1.9M—as long as short
Show all 35 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SunX META-USDT0.0000%8h$687$8.4M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h$29K$254K10xas long as short
HTX META-USDT0.0000%8h$101K$265K30xas long as short
Nado META-PERP+0.0015%1h$442K$87K20xas long as short
QFEX META-USD+0.0028%1h$1.8M$6.0M10xas long as short
Lighter META+0.0032%1h$689K$2.1M20xas long as short
Lighter RH META+0.0032%1h$665K$2.5M20xas long as short
Vest META-USD-PERP+0.0046%1h—$6K25xas long as short
Popdex METAUSDTlong+0.0048%1h$168K$156K20x
tradeXYZ xyz:META+0.0050%1h$61.8M$46.7M20xas long as short
Polymarket Perps META-USD+0.0050%1h$649K$463K10xas long as short
SoDEX META-USD+0.0050%1h$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h$850K$2.6M10xas long as short
Paradex META-USD-PERP+0.0052%8h——5xas long as short
Coinbase International META-PERP-INTX+0.0056%1h$648K$4.9M10xas long as short
edgeX METAUSDC+0.0080%4h$60K$322K10xas long as short
Arcus META-USD+0.0088%1h$281K$249K10xas long as short
Phoenix META+0.0090%1h$230K$284K20xas long as short
KuCoin METAUSDTM+0.0100%8h$1.5M$140K20xas long as short
ApeX Omni METAUSDT+0.0100%1h$111K$46K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h$1K—10xas long as short
Aevo META-PERP+0.0104%1h$257—10xas long as short
Hotstuff META-PERP+0.0144%1h$32K$10520xas long as short
Injective META/USDC PERP+0.0220%1h$162K$135K30xas long as short
Aftermath Perps METAUSD+0.0242%1h$43K$47K10xas long as short