META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0189%/8h= −20.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.050%

Price spread now: Nado against Arcus+0.022%7-day average −0.005% · 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−$36as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.201%−$20 on $10k

Price spread, last 4 days (all we have)−0.561%−$56 · spread now +0.022%, 7d avg −0.005%

Together, before fees−0.763%+ Points / potential airdropNado: Active · farm board−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.027% dearer against Arcus than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	739.54	0.0040	pay 0.0005% / 1h	38m 01s	$110K	$330K	10x
Short	Nado META-PERP	739.70	−0.0148	pay 0.0019% / 1h	38m 01s	$478K	$546K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.022%Rate

Funding earned: −$39.61
Price spread: +0.022% → −0.005%: $2.69
Slippage, 4 orders: −$26.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$75.2
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Arcus: live order book, 31 min ago; Nado: live order book, 30 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, 31 min ago	2.84 bp	6.5 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Nado live order book, 30 min ago	0.88 bp	13.4 bp −$13	30.7 bp −$307	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
Deribit META_USDC-PERPETUAL	−0.0196%	1h	739.27	−0.037%	$31K	$244K	10x	as long as short
Nado META-PERPshort	−0.0148%	1h	739.70	+0.022%	$478K	$546K	20x
BloFin META-USDT	−0.0120%	8h	739.99	+0.061%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.54	+0.136%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.65	+0.014%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.95	+0.055%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.89	+0.047%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.88	+0.046%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.56	+0.003%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.09	+0.074%	$5.5M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.73	+0.026%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.92	+0.051%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.95	+0.055%	$683	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.65	+0.015%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.05	+0.069%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.87	+0.045%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.19	+0.088%	$750K	$3.0M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	739.54	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	740.34	+0.108%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.90	+0.049%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.68	+0.019%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.93	+0.053%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.23	−0.042%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.72	+0.024%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.58	+0.141%	$49K	$80K	10x	as long as short
Lighter META	+0.0096%	1h	740.10	+0.076%	$855K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.93	+0.053%	$1.6M	$472K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.34	−0.027%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.86	+0.043%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.57	+0.004%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.012%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	740.13	+0.080%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.58	+0.005%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0245%	1h	740.12	+0.078%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	740.70	+0.157%	$386K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0992%	4h	740.02	+0.065%	$62K	$334K	10x	as long as short