META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.018%

Price spread now: Hotstuff against Coinbase International+0.057%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.057% dearer against Coinbase International than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	739.18	0.0144	pay 0.0018% / 1h	25m 25s	$607K	$7.3M	10x
Short	Hotstuff META-PERP	739.60	0.0104	get 0.0013% / 1h	25m 25s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee HotstuffbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$8.4
Price spread: +0.057% → 0.000%: $5.68
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$17.72
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Hotstuff: no order-book sample. Net counts fees only.

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 Coinbase International live order book, 4 min ago	2.03 bp	7.8 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	739.43	+0.034%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0011%	1h	739.50	+0.044%	$422K	$382K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.77	+0.079%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.66	+0.065%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.83	+0.088%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.90	+0.097%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.98	+0.108%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.24	+0.008%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.77	+0.080%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	+0.009%	$2.3M	$3.3M	—	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	739.40	+0.030%	$12K	$471K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.89	+0.096%	$954	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	738.87	−0.042%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.11	−0.009%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.57	+0.053%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0007%	4h	739.30	+0.017%	$62K	$333K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.02	+0.114%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.95	+0.104%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.79	+0.083%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.54	+0.049%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.39	+0.028%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.84	−0.046%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.69	+0.069%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.03	−0.020%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	739.63	+0.060%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	739.84	+0.089%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.81	+0.085%	$1.6M	$435K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.003%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.46	+0.038%	$1K	$24	10x	as long as short
Hotstuff META-PERPshort	+0.0104%	1h	739.60	+0.057%	$33K	$105	20x
Aevo META-PERP	+0.0104%	1h	739.31	+0.017%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0144%	1h	739.18	long leg	$607K	$7.3M	10x
tradeXYZ xyz:META	+0.0170%	1h	739.72	+0.073%	$67.5M	$121.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.90	+0.233%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	740.04	+0.116%	$852K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.71	+0.072%	$286K	$930K	20x	as long as short