META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0286%/8h= −31.3% APRnext payment −$0.36 per $10,000 · paid last 24h +0.091%

Price spread now: Extended against tradeXYZ−0.017%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.335%−$33 · spread now −0.017%, 7d avg +0.017%

Together, before fees−0.364%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.033% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. 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	tradeXYZ xyz:META	742.31	0.0286	pay 0.0036% / 1h	33m 00s	$69.5M	$120.3M	20x
Short	Extended META_24_5-USD	742.18	0	get 0.0000% / 1h	33m 00s	$548K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against tradeXYZ. 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 tradeXYZbpFee ExtendedbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$60.08
Price spread: −0.017% → +0.017%: −$3.34
Slippage, 4 orders: −$8.44
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$94.86
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; Extended: live order book, 1 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 tradeXYZ live order book, 7 min ago	0.47 bp	10.1 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.54 bp	5.9 bp −$6	31.2 bp −$312	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	742.28	−0.004%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0028%	1h	741.81	−0.068%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.31	0.000%	$466K	$551K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	742.18	−0.017%	$548K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	742.38	+0.009%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.15	−0.022%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.23	−0.011%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.87	−0.059%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.27	−0.005%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.38	+0.009%	$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	742.49	+0.025%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.51	+0.027%	$766	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.72	−0.079%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.21	−0.013%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.34	+0.004%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.44	+0.018%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.23	−0.011%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.94	−0.050%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.36	+0.007%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.29	−0.003%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.06	−0.034%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.27	−0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.77	−0.073%	$709K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	742.05	−0.035%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.15	+0.113%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.52	+0.028%	$1.6M	$544K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.36	−0.128%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.34	+0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.16	−0.020%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.039%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.33	+0.003%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.291%	$172K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	742.41	+0.013%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:METAlong	+0.0286%	1h	742.31	long leg	$69.5M	$120.3M	20x
Phoenix META	+0.0591%	1h	743.18	+0.117%	$660K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0888%	4h	742.35	+0.005%	$62K	$337K	10x	as long as short