META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.002%

Price spread now: Deribit against QFEX−0.093%7-day average −0.059% · 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−$30as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on QFEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.093%, 7d avg −0.059%

Together, before fees+0.248%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.034% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	742.37	0.0036	pay 0.0005% / 1h	37m 43s	$2.1M	$13.7M	10x
Short	Deribit META_USDC-PERPETUAL	741.68	0	get 0.0000% / 1h	37m 43s	$31K	$245K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against QFEX. 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 QFEXbpFee DeribitbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$7.59
Price spread: −0.093% → −0.059%: −$3.38
Slippage, 4 orders: −$9.24
Fee QFEX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.21
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from QFEX: live order book, 11 min ago; Deribit: live order book, 21 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 QFEX live order book, 11 min ago	2.15 bp	7.2 bp −$7	9.3 bp −$93	18.2 bp −$1,820	doesn't fit
Sell Deribit live order book, 21 min ago	0.07 bp	3.6 bp −$4	6.6 bp −$66	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	742.32	−0.007%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	741.88	−0.066%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.35	−0.003%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.23	−0.018%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.42	+0.007%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.24	−0.018%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.14	−0.031%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.01	−0.048%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.37	0.000%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.48	+0.014%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.51	+0.019%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.58	+0.028%	$861	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	741.68	−0.093%	$31K	$245K	10x
HTX META-USDT	0.0000%	8h	742.30	−0.009%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.37	0.000%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.53	+0.022%	$768K	$3.0M	20x	as long as short
QFEX META-USDlong	+0.0036%	1h	742.37	long leg	$2.1M	$13.7M	10x
Arcus META-USD	+0.0040%	1h	742.02	−0.047%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.49	+0.016%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.35	−0.003%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.10	−0.036%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.33	−0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.69	−0.092%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	742.16	−0.028%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.105%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.52	+0.020%	$1.6M	$540K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.86	−0.069%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.22	−0.020%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.047%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0144%	1h	742.35	−0.003%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.283%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.49	+0.016%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0273%	1h	742.41	+0.005%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	+0.001%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.132%	$647K	$1.2M	20x	as long as short