META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0155%/8h= +17.0% APRnext payment +$0.19 per $10,000 · paid last 24h +0.028%

Price spread now: Phoenix against Aevo+0.059%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.059% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	739.69	0.0104	pay 0.0013% / 1h	50m 54s	$266	—	10x
Short	Phoenix META	740.13	0.0259	get 0.0032% / 1h	50m 54s	$277K	$930K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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 AevobpFee PhoenixbpOrdersPrice spread, now +0.059%Rate

Funding earned: $32.61
Price spread: +0.059% → 0.000%: $5.94
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $15.55
Costs to cover: 0.230%
Break-even: 3.7 days

Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 22 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 Aevo no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 22 min ago	2.02 bp	8.1 bp −$8	15.3 bp −$153	doesn't fit	doesn't fit

Aevo: 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 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	740.01	+0.043%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.86	+0.158%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.66	−0.005%	$552K	$1.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.86	+0.024%	$27.4M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.95	+0.035%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.85	+0.022%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.44	−0.034%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.83	+0.019%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.73	+0.005%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.20	+0.069%	$12K	$486K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	739.70	+0.001%	$952	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.55	−0.019%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.85	+0.157%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0026%	1h	739.40	−0.040%	$384K	$334K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.00	+0.042%	$757K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.93	+0.032%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.84	+0.020%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.54	−0.020%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.76	+0.009%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.13	−0.076%	$735K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.72	+0.004%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.81	+0.016%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	739.53	−0.022%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.11	+0.057%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.02	+0.045%	$1.6M	$412K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.48	−0.028%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.83	+0.019%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	739.69	long leg	$266	—	10x
tradeXYZ xyz:META	+0.0117%	1h	739.70	+0.001%	$67.6M	$121.2M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	+0.057%	$602K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	739.57	−0.016%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.93	+0.303%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.07	+0.051%	$856K	$2.4M	20x	as long as short
Phoenix METAshort	+0.0259%	1h	740.13	+0.059%	$277K	$930K	20x
Deribit META_USDC-PERPETUAL	+0.0345%	1h	739.78	+0.012%	$30K	$253K	10x	as long as short
edgeX METAUSDC	+0.0474%	4h	740.08	+0.052%	$62K	$333K	10x	as long as short