META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.009%

Price spread now: Coinbase International against ApeX Omni+0.058%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$640.638% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.058%, 7d avg −0.058%

Together, before fees−0.255%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.116% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.058%. Mind the row above: over the last 7 days funding on this pair cost −0.273%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	744.10	0.0100	pay 0.0013% / 1h	10m 49s	$167K	$72K	50x
Short	Coinbase International META-PERP-INTX	744.53	0.0128	get 0.0016% / 1h	10m 49s	$655K	$7.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.058%Rate

Funding earned: $5.88
Price spread: +0.058% → −0.058%: $11.58
Slippage, 4 orders: −$43.83
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$46.38
Costs to cover: 0.638%
Break-even: 62.2 days

Slippage from ApeX Omni: live order book, 35 min ago; Coinbase International: live order book, 3 min ago.

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 ApeX Omni live order book, 35 min ago	2.62 bp	14.0 bp −$14	272.2 bp −$2,722	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.15 bp	8.6 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit

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	745.92	+0.245%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.65	+0.208%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.70	+0.215%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.86	+0.237%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.71	+0.216%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.91	+0.243%	$6.1M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.29	+0.160%	$433K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.90	+0.242%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	745.86	+0.236%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.06	−0.005%	$12K	$443K	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	745.91	+0.243%	$809	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.57	+0.198%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.86	+0.237%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.24	+0.153%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0005%	1h	745.52	+0.191%	$482K	$557K	20x	as long as short
Lighter RH META	+0.0032%	1h	746.18	+0.280%	$767K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.41	+0.042%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.18	+0.280%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.78	+0.226%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.97	+0.251%	$179K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.60	+0.202%	$587K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.06	+0.129%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.27	+0.157%	$748K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	745.95	+0.249%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	744.97	+0.117%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.68	+0.212%	$1.6M	$656K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	744.10	long leg	$167K	$72K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.96	+0.250%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.77	+0.224%	$268	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0128%	1h	744.53	+0.058%	$655K	$7.8M	10x
Injective META/USDC PERP	+0.0220%	1h	742.85	−0.168%	$171K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	746.26	+0.290%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.50	+0.054%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0449%	1h	746.32	+0.298%	$75.8M	$125.6M	20x	as long as short
edgeX METAUSDC	+0.0521%	4h	744.35	+0.033%	$62K	$339K	10x	as long as short
Phoenix META	+0.0685%	1h	745.86	+0.237%	$796K	$1.4M	20x	as long as short