data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb /

META

RWAall META markets
SwapPrice view
Alert
Measured
My alerts

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 14:00 UTC+0.0136%/8h
next payment, per $10,000+$0.17paid, last 24h+0.043%paid, last 3 days+0.385%to open and close $10k−$34
Long on QFEXShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX META-USD713.040.0033pay 0.0004% / 1h35m 31s$1.8M$5.2M10x
ShortPhoenix META711.880.0169get 0.0021% / 1h35m 31s$230K$255K20x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
$28.55
Slippage, 4 orders
−$17.29
Fee QFEX: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$5.74
Break-even
8.4 days
Slippage from QFEX: live order book, 5 min ago; Phoenix: live order book, 16 min ago.

Price risk

price view
Price gap now
−0.163%
Avg gap 7d
−0.032%
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 QFEX live order book, 5 min ago1.97 bp7.0 bp −$78.1 bp −$8121.3 bp −$2,132doesn't fit
Sell Phoenix live order book, 16 min ago2.94 bp10.2 bp −$1020.7 bp −$207doesn't fitdoesn't fit

META on 35 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex METAUSDT−0.0220%4h$1.9M$4K10xas long as short
BloFin META-USDT−0.0095%8h$343K$413K20xas long as short
Aster METAUSDT0.0000%8h$453K$55K20xas long as short
OKX META-USDT-SWAP0.0000%8h$6.2M$6.6M20xas long as short
Gate META_USDT0.0000%8h$395K$2.8M100xas long as short
Bitget METAUSDT0.0000%8h$4.8M$5.5M100xas long as short
Variational Omni META0.0000%8h$1.4M$1.8M—as long as short
SunX META-USDT0.0000%8h$566$6.2M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h$29K$244K10xas long as short
HTX META-USDT0.0000%8h$101K$264K30xas long as short
Show all 35 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit METAUSDT+0.0021%8h$6.6M$6.4M100xas long as short
Binance METAUSDT+0.0023%8h$25.8M$74.9M20xas long as short
Extended META_24_5-USD+0.0024%1h$509K$1.3M17xas long as short
Nado META-PERP+0.0032%1h$442K$69K20xas long as short
Lighter META+0.0032%1h$701K$2.0M20xas long as short
Lighter RH META+0.0032%1h$758K$2.3M20xas long as short
QFEX META-USDlong+0.0033%1h$1.8M$5.2M10x
Vest META-USD-PERP+0.0046%1h—$6K25xas long as short
Popdex METAUSDT+0.0048%1h$164K$147K20xas long as short
tradeXYZ xyz:META+0.0050%1h$62.9M$42.0M20xas long as short
Polymarket Perps META-USD+0.0050%1h$648K$465K10xas long as short
SoDEX META-USD+0.0050%1h$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h$921K$2.2M10xas long as short
Paradex META-USD-PERP+0.0056%8h——5xas long as short
Hotstuff META-PERP+0.0064%1h$32K$10520xas long as short
Coinbase International META-PERP-INTX+0.0080%1h$684K$4.2M10xas long as short
KuCoin METAUSDTM+0.0100%8h$1.5M$120K20xas 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$256—10xas long as short
Injective META/USDC PERP+0.0147%1h$162K$164K30xas long as short
Phoenix METAshort+0.0169%1h$230K$255K20x
Aftermath Perps METAUSD+0.0265%1h$43K$47K10xas long as short
Arcus META-USD+0.0356%1h$284K$240K10xas long as short
edgeX METAUSDC+0.0978%4h$60K$323K10xas long as short