META

Alert

Funding spread now, next payment 18:00 UTC+0.0325%/8h

paid, last 24h+0.023%paid, last 3 days+0.093%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 0.093% in total (about 11.2% 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	Variational Omni META	729.74	0	get 0.0000% / 8h	6h 53m	$1.4M	$2.1M	—
Short	Arcus META-USD	732.62	0.0325	get 0.0041% / 1h	53m 02s	$272K	$293K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ArcusbpOrdersRate

Funding earned: $68.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $63.66
Break-even: 0.5 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Arcus: live order book, 52 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.394%
Avg gap 7d: −0.016%

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 Variational Omni RFQ quote, 3 min ago	2.60 bp	doesn't fit	15.8 bp −$158	doesn't fit	doesn't fit
Sell Arcus live order book, 52 min ago	2.35 bp	5.2 bp −$5	11.5 bp −$115	16.7 bp −$1,675	doesn't fit

META on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	$326K	$640K	20x	as long as short
Nado META-PERP	−0.0034%	1h	$388K	$172K	20x	as long as short
Hotstuff META-PERP	−0.0024%	1h	$33K	$105	20x	as long as short
Phemex METAUSDT	−0.0018%	4h	$1.9M	$5K	10x	as long as short
Aster METAUSDT	0.0000%	8h	$451K	$120K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$542K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$25.3M	$119.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.6M	$9.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.9M	$9.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	$347K	$3.9M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget METAUSDT	0.0000%	8h	$5.2M	$7.8M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	$1.4M	$2.1M	—
SunX META-USDT	0.0000%	8h	$780	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$28K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	$104K	$270K	30x	as long as short
QFEX META-USD	+0.0020%	1h	$1.9M	$8.6M	10x	as long as short
Lighter META	+0.0032%	1h	$844K	$2.4M	20x	as long as short
Lighter RH META	+0.0032%	1h	$700K	$2.6M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$8K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$178K	$167K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$632K	$5.9M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$66.4M	$53.9M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$666K	$481K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$756K	$3.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
Phoenix META	+0.0055%	1h	$250K	$513K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$196K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$134K	$57K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
Aevo META-PERP	+0.0104%	1h	$264	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$166K	$101K	30x	as long as short
Aftermath Perps METAUSD	+0.0267%	1h	$43K	$47K	10x	as long as short
Arcus META-USDshort	+0.0325%	1h	$272K	$293K	10x
edgeX METAUSDC	+0.0451%	4h	$61K	$325K	10x	as long as short