META

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.012%

Price spread now: Deribit against Vest−0.101%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.101% cheaper against Vest than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	744.53	0.0046	pay 0.0006% / 1h	15m 38s	—	$11K	25x
Short	Deribit META_USDC-PERPETUAL	743.78	0.0019	get 0.0002% / 1h	15m 38s	$36K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Vest. 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 VestbpFee DeribitbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$5.61
Price spread: −0.101% → 0.000%: −$10.07
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.68
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Deribit: live order book, 36 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Deribit live order book, 36 min ago	0.07 bp	10.9 bp −$11	11.8 bp −$118	doesn't fit	doesn't fit

Vest: 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 37 exchanges

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	743.84	−0.093%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.20	+0.090%	$495K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.10	−0.057%	$544K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.33	−0.027%	$26.0M	$192.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.99	−0.073%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.07	−0.062%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.65	−0.118%	$456K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.28	−0.034%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.07	−0.062%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.92	−0.082%	$12K	$433K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.46	−0.009%	$1K	$7.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.06	−0.063%	$108K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.26	−0.036%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUALshort	+0.0019%	1h	743.78	−0.101%	$36K	$265K	10x
Lighter RH META	+0.0032%	1h	744.26	−0.036%	$821K	$2.8M	20x	as long as short
Nado META-PERP	+0.0039%	1h	743.81	−0.097%	$477K	$551K	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.77	−0.102%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	744.04	−0.066%	$2.2M	$14.0M	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	744.53	long leg	—	$11K	25x
Popdex METAUSDT	+0.0048%	1h	744.27	−0.035%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.80	−0.098%	$560K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.92	−0.082%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.51	−0.137%	$705K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	743.99	−0.072%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	744.39	−0.019%	$52K	$77K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.78	−0.101%	$643K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	744.16	−0.050%	$634	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.95	−0.078%	$1.6M	$842K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.29	−0.167%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.96	−0.077%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.75	−0.104%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	743.98	−0.074%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.07	+0.073%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0250%	1h	744.06	−0.063%	$86.1M	$135.1M	20x	as long as short
Lighter META	+0.0272%	1h	744.38	−0.020%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.36	−0.023%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0820%	4h	743.65	−0.118%	$62K	$349K	10x	as long as short