META

Alert

Funding spread now, next payment 14:00 UTC−0.0050%/8h

paid, last 24h+0.013%paid, last 3 days−0.012%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	683.49	0.0050	pay 0.0006% / 1h	28m 34s	$23K	$3K	10x
Short	Variational Omni META	680.39	0	get 0.0000% / 8h	2h 28m	$1.6M	$1.1M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee Variational OmnibpOrdersRate

Funding earned: −$10.5
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.5
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.453%
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 Variational Omni RFQ quote, 2 min ago	2.47 bp	doesn't fit	22.2 bp −$222	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
BloFin META-USDT	−0.0061%	8h	$333K	$304K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$456K	$7K	20x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.9M	$4.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	$456K	$1.4M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	$1.6M	$1.1M	—
SunX META-USDT	0.0000%	8h	$636	$4.6M	20x	as long as short
HTX META-USDT	0.0000%	8h	$101K	$262K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	$1.8M	$4K	10x	as long as short
Bitget METAUSDT	+0.0015%	8h	$4.8M	$4.1M	100x	as long as short
Lighter RH META	+0.0032%	1h	$928K	$1.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aftermath Perps METAUSD	+0.0045%	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	$23K	$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	$501K	$1.2M	17x	as long as short
Hotstuff META-PERP	+0.0056%	1h	$31K	—	20x	as long as short
Binance METAUSDT	+0.0060%	8h	$24.5M	$39.3M	20x	as long as short
Polymarket Perps META-USD	+0.0062%	1h	$633K	$388K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	—	—	5x	as long as short
Popdex METAUSDT	+0.0096%	1h	$165K	$134K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.4M	$73K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$83K	$34K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
tradeXYZ xyz:META	+0.0103%	1h	$72.2M	$22.2M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	$247	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	$684K	$3.2M	10x	as long as short
Bybit METAUSDT	+0.0120%	8h	$6.7M	$4.2M	100x	as long as short
Lighter META	+0.0192%	1h	$698K	$1.7M	20x	as long as short
Phoenix META	+0.0211%	1h	$254K	$145K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$205K	$149K	30x	as long as short
edgeX METAUSDC	+0.0367%	4h	$57K	$323K	10x	as long as short
Arcus META-USD	+0.0472%	1h	$276K	$219K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.1438%	1h	$33K	$236K	10x	as long as short