META

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Nado against QFEX−0.003%7-day average −0.033% · 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−$29as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on QFEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now −0.003%, 7d avg −0.033%

Together, before fees−0.306%+ Points / potential airdropNado: Active · farm board−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.030% dearer against QFEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	743.49	0.0041	pay 0.0005% / 1h	10m 38s	$2.2M	$14.0M	10x
Short	Nado META-PERP	743.47	0.0040	get 0.0005% / 1h	10m 38s	$477K	$551K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.003%Rate

Funding earned: −$0.16
Price spread: −0.003% → −0.033%: $3.02
Slippage, 4 orders: −$15.34
Fee QFEX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$29.48
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Nado: live order book, 40 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, 7 min ago	1.61 bp	6.6 bp −$7	6.6 bp −$66	doesn't fit	doesn't fit
Sell Nado live order book, 40 min ago	0.54 bp	9.4 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit

META on 37 exchanges

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	743.65	+0.022%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.74	+0.168%	$494K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.30	−0.026%	$548K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.55	+0.008%	$26.0M	$192.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.62	+0.017%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.63	+0.019%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.12	−0.050%	$456K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.54	+0.007%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.07	+0.077%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.03	+0.073%	$12K	$434K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.74	+0.034%	$1K	$7.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.18	−0.042%	$36K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.42	−0.009%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.72	+0.031%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.76	+0.036%	$821K	$2.8M	20x	as long as short
Nado META-PERPshort	+0.0040%	1h	743.47	−0.003%	$477K	$551K	20x
Arcus META-USD	+0.0040%	1h	743.22	−0.036%	$111K	$284K	10x	as long as short
QFEX META-USDlong	+0.0041%	1h	743.49	long leg	$2.2M	$14.0M	10x
Vest META-USD-PERP	+0.0046%	1h	744.05	+0.075%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.62	+0.017%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.26	−0.031%	$560K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.47	−0.003%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.11	−0.051%	$705K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	743.36	−0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	744.18	+0.093%	$52K	$77K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.95	−0.073%	$643K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	743.58	+0.013%	$634	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.77	+0.038%	$1.6M	$847K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.59	+0.013%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.64	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.41	−0.011%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0192%	1h	743.49	0.000%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.23	+0.234%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0242%	1h	743.55	+0.008%	$86.1M	$135.1M	20x	as long as short
Lighter META	+0.0264%	1h	743.89	+0.054%	$1.2M	$2.7M	20x	as long as short
edgeX METAUSDC	+0.0625%	4h	744.10	+0.082%	$63K	$350K	10x	as long as short
Phoenix META	+0.0643%	1h	744.90	+0.190%	$795K	$1.5M	20x	as long as short