Funding you earn now, next payment 01:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h −0.044%
Price spread now: Deribit against Arcus+0.037%7-day average −0.032% · 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−$21as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 3 days (all we have)−0.110%−$11 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.037%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.068% dearer against Arcus than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.032%. Mind the row above: over the last 3 days funding on this pair cost −0.110%, 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 | Arcus META-USD | 739.69 | 0.0063 | pay 0.0008% / 1h | 50m 05s | $110K | $331K | 10x |
| Short | Deribit META_USDC-PERPETUAL | 739.96 | 0.0359 | get 0.0045% / 1h | 50m 05s | $30K | $253K | 10x |
Arcus META-USD
Deribit META_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $62.09
- Price spread: +0.037% → −0.032%
- $6.82
- Slippage, 4 orders
- −$16.12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $41.28
- Costs to cover
- 0.276%
- Break-even
- 2.3 days
Slippage from Arcus: live order book, 24 min ago; Deribit: live order book, 23 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, 24 min ago | 1.75 bp | 4.0 bp −$4 | 9.4 bp −$94 | 12.6 bp −$1,257 | doesn't fit |
| Sell Deribit live order book, 23 min ago | 4.72 bp | 8.2 bp −$8 | 12.4 bp −$124 | 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 | 740.01 | +0.043% | $327K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.90 | +0.164% | $461K | $546K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.97 | +0.038% | $552K | $1.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.06 | +0.050% | $27.4M | $178.9M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.09 | +0.054% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.94 | +0.034% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.58 | −0.015% | $357K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.99 | +0.041% | $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 |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni META
GRVT META_USDT_PerpShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 740.01 | +0.043% | $779 | $9.4M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.62 | −0.009% | $106K | $285K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.13 | +0.059% | $2.0M | $7K | 10x | as long as short |
| Nado META-PERP | +0.0026% | 1h | 739.64 | −0.007% | $381K | $336K | 20x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.22 | +0.072% | $758K | $3.1M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.14 | +0.061% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.14 | +0.061% | $177K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.87 | +0.024% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.88 | +0.026% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.07 | −0.084% | $735K | $4.3M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.99 | +0.041% | $2.2M | $14.2M | 10x | as long as short |
| Arcus META-USDlong | +0.0063% | 1h | 739.69 | long leg | $110K | $331K | 10x | |
| Hotstuff META-PERP | +0.0064% | 1h | 739.69 | 0.000% | $33K | $105 | 20x | as long as short |
| Paradex META-USD-PERP | +0.0070% | 8h | 739.62 | −0.009% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0070% | 1h | 740.11 | +0.057% | $49K | $77K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.14 | +0.061% | $1.6M | $413K | 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 | 740.00 | +0.042% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.94 | +0.034% | $266 | — | 10x | as long as short |
| tradeXYZ xyz:META | +0.0114% | 1h | 739.97 | +0.038% | $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 |
| Injective META/USDC PERP | +0.0220% | 1h | 741.93 | +0.303% | $169K | $46K | 30x | as long as short |
| Lighter META | +0.0248% | 1h | 740.29 | +0.081% | $856K | $2.4M | 20x | as long as short |
| Phoenix META | +0.0259% | 1h | 740.13 | +0.059% | $277K | $930K | 20x | as long as short |
| Deribit META_USDC-PERPETUALshort | +0.0359% | 1h | 739.96 | +0.037% | $30K | $253K | 10x | |
| edgeX METAUSDC | +0.0474% | 4h | 740.08 | +0.052% | $62K | $333K | 10x | as long as short |
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
Nado META-PERP
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Hotstuff META-PERP
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
tradeXYZ xyz:META
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
Phoenix META
edgeX METAUSDC