META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.001%

Price spread now: Injective against Arcus+0.343%101s7-day average +0.327% · 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—prices read too far apart to compare

costs, in and out, $10k−$690.691% of the position

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 3 days (all we have)−0.189%−$19 · spread now +0.343%, 7d avg +0.327%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.327%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	739.88	0.0040	pay 0.0005% / 1h	19m 27s	$110K	$330K	10x
Short	Injective META/USDC PERP	742.42	0.0220	get 0.0028% / 1h	19m 27s	$171K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.343%Rate

Funding earned: $37.74
Price spread: +0.343% → +0.327%: $1.66
Slippage, 4 orders: −$64.57
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$29.69
Costs to cover: 0.691%
Break-even: 12.5 days

Slippage from Arcus: live order book, 49 min ago; Injective: live order book, 49 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, 49 min ago	2.84 bp	6.5 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Injective live order book, 49 min ago	14.91 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit

META on 35 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
Nado META-PERP	−0.0122%	1h	739.71	−0.024%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.51	+0.085%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.88	+0.001%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.07	+0.026%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.10	+0.030%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.73	−0.020%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.01	+0.018%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.054%	$5.5M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	740.21	+0.045%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.079%	$12K	$433K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.08	+0.027%	$608	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.73	−0.020%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.01	+0.018%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.123%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.14	+0.035%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.30	+0.057%	$750K	$3.0M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	739.88	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	740.45	+0.077%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.09	+0.028%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.04	+0.022%	$557K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.21	+0.045%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.99	+0.015%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.96	+0.011%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.89	+0.136%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.31	+0.058%	$1.6M	$485K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.56	−0.043%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.10	+0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.06	+0.025%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.105%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0128%	1h	740.25	+0.050%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.23	+0.047%	$33K	$105	20x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	742.42	+0.343%	$171K	$48K	30x
tradeXYZ xyz:META	+0.0247%	1h	740.14	+0.035%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.131%	$429K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0939%	4h	740.24	+0.049%	$62K	$335K	10x	as long as short