META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.030%

Price spread now: Bybit against BloFin+0.009%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.009%, 7d avg −0.017%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.026% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	740.77	−0.0120	get 0.0120% / 8h	7h 02m	$326K	$1.1M	20x
Short	Bybit METAUSDT	740.84	0	get 0.0000% / 8h	7h 02m	$7.5M	$14.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now +0.009%Rate

Funding earned: $25.2
Price spread: +0.009% → −0.017%: $2.61
Slippage, 4 orders: −$7.65
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.83
Costs to cover: 0.306%
Break-even: 7.8 days

Slippage from BloFin: live order book, 4 min ago; Bybit: 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 BloFin live order book, 4 min ago	0.07 bp	7.0 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.08 bp	7.9 bp −$8	17.7 bp −$177	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-USDTlong	−0.0120%	8h	740.77	long leg	$326K	$1.1M	20x
Nado META-PERP	−0.0095%	1h	740.42	−0.047%	$490K	$518K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0074%	1h	740.08	−0.093%	$30K	$246K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.47	−0.040%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.32	−0.060%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.55	−0.030%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	740.84	+0.009%	$7.5M	$14.0M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.32	−0.061%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.38	−0.053%	$351K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.51	−0.035%	$5.6M	$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	740.83	+0.008%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.014%	$13K	$453K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.91	+0.019%	$983	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.74	−0.004%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.72	−0.007%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.67	−0.013%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.96	+0.026%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.51	−0.035%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.38	−0.053%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.51	−0.035%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.07	−0.094%	$686K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.41	−0.049%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	740.58	−0.026%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.20	−0.077%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	741.11	+0.047%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.82	+0.007%	$1.6M	$454K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.31	−0.062%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.53	−0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.31	−0.062%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.35	−0.057%	$610K	$7.4M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	740.70	−0.009%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0165%	1h	740.62	−0.020%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0200%	1h	740.68	−0.012%	$857K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.163%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.55	+0.105%	$335K	$930K	20x	as long as short
edgeX METAUSDC	+0.0394%	4h	740.15	−0.084%	$62K	$335K	10x	as long as short