META

Alert

Funding spread now, next payment 15:00 UTC+0.0050%/8h

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	712.43	0	get 0.0000% / 8h	1h 26m	$1.4M	$1.9M	—
Short	SoDEX META-USD	712.18	0.0050	get 0.0006% / 1h	26m 26s	$24K	$3K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee SoDEXbpOrdersRate

Funding earned: $10.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $2.5
Break-even: 5.3 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.035%
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 Variational Omni RFQ quote, 4 min ago	2.46 bp	doesn't fit	21.3 bp −$213	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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 METAUSDT	−0.0170%	4h	$1.9M	$4K	10x	as long as short
BloFin META-USDT	−0.0102%	8h	$344K	$422K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$452K	$78K	20x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.1M	$6.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	$396K	$2.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$4.9M	$5.7M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	$1.4M	$1.9M	—
SunX META-USDT	0.0000%	8h	$741	$6.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$29K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	$101K	$264K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit METAUSDT	+0.0009%	8h	$6.6M	$6.5M	100x	as long as short
Extended META_24_5-USD	+0.0016%	1h	$509K	$1.3M	17x	as long as short
Binance METAUSDT	+0.0018%	8h	$25.7M	$78.7M	20x	as long as short
Lighter META	+0.0032%	1h	$705K	$2.0M	20x	as long as short
Lighter RH META	+0.0032%	1h	$764K	$2.3M	20x	as long as short
QFEX META-USD	+0.0033%	1h	$1.8M	$5.3M	10x	as long as short
Nado META-PERP	+0.0033%	1h	$442K	$69K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$6K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$164K	$148K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$62.7M	$42.6M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$648K	$465K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	$917K	$2.3M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	$696K	$4.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$123K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$111K	$46K	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	$257	—	10x	as long as short
Injective META/USDC PERP	+0.0147%	1h	$162K	$164K	30x	as long as short
Phoenix META	+0.0169%	1h	$230K	$255K	20x	as long as short
Aftermath Perps METAUSD	+0.0250%	1h	$43K	$48K	10x	as long as short
Hotstuff META-PERP	+0.0272%	1h	$32K	$105	20x	as long as short
Arcus META-USD	+0.0356%	1h	$283K	$242K	10x	as long as short
edgeX METAUSDC	+0.0810%	4h	$60K	$322K	10x	as long as short