META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0241%/8h= +26.4% APRnext payment +$0.30 per $10,000 · paid last 24h −0.010%

Price spread now: tradeXYZ against Arcus+0.036%7-day average 0.000% · 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−$37as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Arcus Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.035%−$3 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.036%, 7d avg 0.000%

Together, before fees−0.222%+ Points / potential airdroptradeXYZ: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and tradeXYZ is 0.036% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of 0.000%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.035% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	741.99	0.0040	pay 0.0005% / 1h	34m 32s	$110K	$330K	10x
Short	tradeXYZ xyz:META	742.26	0.0282	get 0.0035% / 1h	34m 32s	$69.4M	$120.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.036%Rate

Funding earned: $50.71
Price spread: +0.036% → 0.000%: $3.6
Slippage, 4 orders: −$17.73
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $14.08
Costs to cover: 0.402%
Break-even: 5.1 days

Slippage from Arcus: live order book, 24 min ago; tradeXYZ: live order book, 5 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	3.30 bp	8.7 bp −$9	14.0 bp −$140	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.47 bp	9.9 bp −$10	11.8 bp −$118	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	742.39	+0.054%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0030%	1h	741.72	−0.037%	$479K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.32	+0.044%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.01	+0.002%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.20	+0.028%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.05	+0.008%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.09	+0.013%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.81	−0.024%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.32	+0.044%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.38	+0.052%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.46	+0.064%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.54	+0.074%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.86	−0.018%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.23	+0.032%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.43	+0.059%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.37	+0.051%	$767K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.23	+0.032%	$2.1M	$13.7M	10x	as long as short
Arcus META-USDlong	+0.0040%	1h	741.99	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	742.35	+0.049%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.19	+0.027%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.95	−0.005%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.36	+0.050%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.77	−0.030%	$709K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	742.00	+0.001%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.15	+0.156%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.39	+0.054%	$1.6M	$543K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.70	−0.039%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	+0.053%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.28	+0.039%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	+0.004%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.43	+0.059%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.334%	$172K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	742.34	+0.047%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:METAshort	+0.0282%	1h	742.26	+0.036%	$69.4M	$120.3M	20x
edgeX METAUSDC	+0.0398%	4h	742.31	+0.043%	$62K	$337K	10x	as long as short
Phoenix META	+0.0591%	1h	743.27	+0.173%	$656K	$1.2M	20x	as long as short