META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0662%/8h= +72.5% APRnext payment +$0.83 per $10,000 · paid last 24h +0.040%

Price spread now: Phoenix against Aftermath Perps+0.029%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Phoenix

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—needs both histories

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Phoenix is 0.029% dearer against Aftermath Perps than usual: you sell high and buy low: +$3 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	Aftermath Perps METAUSD	747.84	0.0087	pay 0.0011% / 1h	12m 37s	$48K	$91K	10x
Short	Phoenix META	748.05	0.0750	get 0.0094% / 1h	12m 37s	$799K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aftermath Perps. 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 Aftermath PerpsbpFee PhoenixbpOrdersPrice spread, now +0.029%Rate

Funding earned: $139.04
Price spread: +0.029% → 0.000%: $2.85
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $125.9
Costs to cover: 0.160%
Break-even: 0.7 days

Slippage unknown: Aftermath Perps: no order-book sample; Phoenix: live order book, 1 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 1 min ago	2.40 bp	8.8 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit

Aftermath Perps: 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 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	747.65	−0.025%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.85	−0.132%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.27	−0.076%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.45	−0.052%	$25.4M	$189.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.40	−0.058%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.49	−0.046%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.03	−0.108%	$475K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	747.50	−0.045%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.46	−0.184%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.41	−0.057%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.85	+0.002%	$846	$8.0M	20x	as long as short
HTX META-USDT	0.0000%	8h	747.47	−0.049%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.52	−0.042%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0017%	1h	746.84	−0.133%	$482K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	747.56	−0.037%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.63	−0.028%	$798K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.05	−0.105%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.92	+0.011%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.14	−0.093%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.52	−0.042%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.23	−0.081%	$735K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	747.31	−0.071%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	747.53	−0.041%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSDlong	+0.0087%	1h	747.84	long leg	$48K	$91K	10x
Pacifica META	+0.0100%	1h	747.50	−0.045%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.04	−0.107%	$1.6M	$723K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.69	−0.153%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.30	−0.072%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.27	−0.076%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	747.27	−0.076%	$643K	$7.9M	10x	as long as short
edgeX METAUSDC	+0.0185%	4h	747.20	−0.085%	$62K	$346K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0192%	1h	747.06	−0.104%	$34K	$276K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.10	+0.035%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.76	−0.010%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0488%	1h	747.74	−0.013%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0573%	1h	747.75	−0.012%	$83.4M	$131.5M	20x	as long as short
Phoenix METAshort	+0.0750%	1h	748.05	+0.029%	$799K	$1.5M	20x