META

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.062%

Price spread now: Coinbase International against Arcus+0.046%7-day average −0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.211%−$21 on $10k

Price spread, last 3 days (all we have)+0.238%+$24 · spread now +0.046%, 7d avg −0.085%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.131% dearer against Arcus than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.085%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	740.79	0.0224	pay 0.0028% / 1h	31m 29s	$263K	$313K	10x
Short	Coinbase International META-PERP-INTX	741.13	0.0072	get 0.0009% / 1h	31m 29s	$618K	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$31.91
Price spread: +0.046% → −0.085%: $13.08
Slippage, 4 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.33
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from Arcus: live order book, 17 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 Arcus live order book, 17 min ago	1.96 bp	4.9 bp −$5	7.9 bp −$79	13.6 bp −$1,357	doesn't fit
Sell Coinbase International live order book, 3 min ago	0.07 bp	5.7 bp −$6	9.9 bp −$99	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	741.07	+0.038%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.70	+0.123%	$456K	$534K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.87	+0.011%	$552K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.90	+0.015%	$27.3M	$175.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.15	+0.049%	$7.6M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.94	+0.020%	$6.1M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.64	−0.020%	$325K	$5.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.98	+0.026%	$6.1M	$10.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.36	+0.076%	$1.7M	$2.4M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.13	+0.046%	$12K	$547K	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	740.82	+0.004%	$768	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.78	−0.001%	$30K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.37	+0.078%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.19	+0.054%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0024%	1h	740.77	−0.003%	$349K	$286K	20x	as long as short
Lighter RH META	+0.0032%	1h	741.23	+0.059%	$737K	$3.2M	20x	as long as short
Phoenix META	+0.0032%	1h	741.32	+0.072%	$304K	$774K	20x	as long as short
QFEX META-USD	+0.0037%	1h	741.09	+0.040%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.38	+0.080%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.95	+0.022%	$177K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.89	+0.013%	$540K	$836K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.88	+0.012%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.50	−0.039%	$717K	$3.8M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	740.94	+0.020%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	741.75	+0.129%	$37K	$52K	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0072%	1h	741.13	+0.046%	$618K	$7.3M	10x
KuCoin METAUSDTM	+0.0100%	8h	740.85	+0.008%	$1.6M	$316K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.61	−0.024%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.05	+0.035%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.93	+0.019%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0189%	1h	741.02	+0.031%	$69.4M	$118.9M	20x	as long as short
Lighter META	+0.0216%	1h	741.26	+0.063%	$861K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.53	−0.035%	$171K	$47K	30x	as long as short
Arcus META-USDlong	+0.0224%	1h	740.79	long leg	$263K	$313K	10x
Hotstuff META-PERP	+0.0232%	1h	740.99	+0.027%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0423%	4h	741.06	+0.037%	$62K	$328K	10x	as long as short