META

Alert

Funding spread now, next payment 14:00 UTC−0.0335%/8h

paid, last 24h−0.015%paid, last 3 days−0.042%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.042% in total (about -5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	697.97	0.0050	pay 0.0006% / 1h	27m 10s	$24K	$3K	10x
Short	Phemex METAUSDT	695.52	−0.0285	pay 0.0142% / 4h	2h 27m	$1.8M	$4K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee PhemexbpOrdersRate

Funding earned: −$70.31
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$90.31
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.351%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	6.28 bp	48.9 bp −$49	doesn't fit	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex METAUSDTshort	−0.0285%	4h	$1.8M	$4K	10x
BloFin META-USDT	−0.0060%	8h	$338K	$318K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$461K	$7K	20x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.0M	$4.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	$461K	$1.4M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.6M	$1.1M	—	as long as short
SunX META-USDT	0.0000%	8h	$895	$4.7M	20x	as long as short
HTX META-USDT	0.0000%	8h	$98K	$263K	30x	as long as short
Bitget METAUSDT	+0.0018%	8h	$4.5M	$4.6M	100x	as long as short
Lighter RH META	+0.0032%	1h	$930K	$1.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aftermath Perps METAUSD	+0.0039%	1h	$39K	$44K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$3K	25x	as long as short
QFEX META-USD	+0.0050%	1h	$1.8M	$3.9M	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	$1.1M	$1.8M	10x	as long as short
Nado META-PERP	+0.0053%	1h	$433K	$58K	20x	as long as short
Extended META_24_5-USD	+0.0056%	1h	$510K	$1.2M	17x	as long as short
Binance METAUSDT	+0.0060%	8h	$24.9M	$42.0M	20x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	—	—	5x	as long as short
Hotstuff META-PERP	+0.0080%	1h	$31K	—	20x	as long as short
Popdex METAUSDT	+0.0080%	1h	$161K	$134K	20x	as long as short
Polymarket Perps META-USD	+0.0090%	1h	$638K	$389K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.4M	$73K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$84K	$34K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
tradeXYZ xyz:META	+0.0104%	1h	$71.8M	$22.9M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	$251	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	$698K	$3.3M	10x	as long as short
Bybit METAUSDT	+0.0126%	8h	$6.8M	$4.6M	100x	as long as short
Lighter META	+0.0184%	1h	$705K	$1.7M	20x	as long as short
Phoenix META	+0.0211%	1h	$259K	$145K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$211K	$152K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0238%	1h	$34K	$244K	10x	as long as short
Arcus META-USD	+0.0472%	1h	$279K	$219K	10x	as long as short
edgeX METAUSDC	+0.0639%	4h	$57K	$321K	10x	as long as short