Funding you earn now, next payment 05:00 UTC−0.0278%/8h= −30.4% APRnext payment −$0.35 per $10,000 · paid last 24h −0.024%
Price spread now: Popdex against tradeXYZ+0.023%48s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.274% of the position
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)+0.148%+$15 · spread now +0.023%, 7d avg +0.035%
=Together, before fees+0.117%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.030% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 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 | 746.36 | 0.0350 | pay 0.0044% / 1h | 36m 43s | $70.4M | $121.1M | 20x |
| Short | Popdex METAUSDT | 746.53 | 0.0072 | get 0.0009% / 1h | 36m 43s | $180K | $199K | 20x |
tradeXYZ xyz:META
Popdex METAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$58.32
- Price spread: +0.023% → +0.035%
- −$1.24
- Slippage, 4 orders
- −$2.96
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$86.91
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Popdex: live order book, 17 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, 3 min ago | 0.27 bp | 9.5 bp −$10 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 17 min ago | 0.34 bp | 4.3 bp −$4 | 7.2 bp −$72 | 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 | 746.75 | +0.052% | $330K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0020% | 1h | 745.99 | −0.050% | $482K | $553K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.81 | −0.074% | $470K | $555K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 746.25 | −0.014% | $553K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 746.45 | +0.013% | $28.5M | $183.1M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 746.50 | +0.019% | $7.5M | $14.5M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 746.38 | +0.003% | $6.0M | $13.6M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 746.12 | −0.032% | $365K | $5.8M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 746.44 | +0.011% | $5.5M | $11.9M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 746.02 | −0.045% | $2.4M | $3.2M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 745.49 | −0.117% | $12K | $454K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 746.31 | −0.007% | $1K | $9.0M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 745.97 | −0.052% | $31K | $246K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 746.22 | −0.019% | $106K | $302K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.18 | −0.024% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 746.35 | −0.001% | $783K | $2.9M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.73 | −0.084% | $111K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.30 | −0.008% | — | $10K | 25x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 746.08 | −0.038% | $587K | $565K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 746.45 | +0.012% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.61 | −0.100% | $786K | $4.6M | 10x | as long as short |
| QFEX META-USD | +0.0058% | 1h | 746.20 | −0.021% | $2.2M | $13.8M | 10x | as long as short |
| Popdex METAUSDTshort | +0.0072% | 1h | 746.53 | +0.023% | $180K | $199K | 20x | |
| Aftermath Perps METAUSD | +0.0084% | 1h | 746.28 | −0.010% | $52K | $82K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0095% | 8h | 746.16 | −0.026% | — | — | 5x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.91 | −0.060% | $1.6M | $608K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 744.64 | −0.230% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 746.36 | 0.000% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 746.32 | −0.006% | $269 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 745.37 | −0.133% | $618K | $7.4M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 744.99 | −0.184% | $172K | $48K | 30x | as long as short |
| Lighter META | +0.0248% | 1h | 746.30 | −0.008% | $866K | $2.4M | 20x | as long as short |
| Hotstuff META-PERP | +0.0256% | 1h | 746.37 | +0.001% | $33K | $105 | 20x | as long as short |
| edgeX METAUSDC | +0.0262% | 4h | 745.37 | −0.133% | $62K | $337K | 10x | as long as short |
| tradeXYZ xyz:METAlong | +0.0350% | 1h | 746.36 | long leg | $70.4M | $121.1M | 20x | |
| Phoenix META | +0.0633% | 1h | 746.50 | +0.019% | $786K | $1.4M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Aftermath Perps METAUSD
Paradex META-USD-PERP
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
Hotstuff META-PERP
edgeX METAUSDC
Phoenix META