Funding you earn now, next payment 04:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.003%
Price spread now: Ondo Perps against Coinbase International−0.035%7-day average +0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.035%, 7d avg +0.018%
=Together, before fees+0.064%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.052% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.182%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International META-PERP-INTX | 747.35 | 0.0128 | pay 0.0016% / 1h | 6m 27s | $667K | $7.6M | 10x |
| Short | Ondo Perps META-USD.P | 747.09 | 0.0050 | get 0.0006% / 1h | 6m 27s | $770K | $4.6M | 10x |
Coinbase International META-PERP-INTX
Ondo Perps META-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$16.3
- Price spread: −0.035% → +0.018%
- −$5.23
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$36.53
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 3 min ago; Ondo Perps: 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, 3 min ago | 2.01 bp | 7.0 bp −$7 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | 748.02 | +0.090% | $331K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0002% | 1h | 747.47 | +0.017% | $483K | $556K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 747.55 | +0.026% | $493K | $577K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 747.71 | +0.048% | $548K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 747.93 | +0.078% | $28.5M | $182.4M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 748.10 | +0.100% | $7.5M | $14.6M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 748.01 | +0.088% | $6.0M | $13.0M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 747.34 | −0.001% | $428K | $5.9M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 748.56 | +0.161% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 747.65 | +0.040% | $12K | $448K | 10x | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_PerpShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 747.78 | +0.058% | $621 | $8.8M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 747.37 | +0.003% | $31K | $252K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 747.74 | +0.052% | $107K | $304K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 748.07 | +0.096% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 748.12 | +0.103% | $771K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 747.41 | +0.008% | $111K | $331K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 747.85 | +0.067% | — | $11K | 25x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 747.65 | +0.040% | $588K | $565K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 747.84 | +0.066% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.Pshort | +0.0050% | 1h | 747.09 | −0.035% | $770K | $4.6M | 10x | |
| QFEX META-USD | +0.0058% | 1h | 747.71 | +0.048% | $2.2M | $13.8M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0062% | 8h | 747.78 | +0.057% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0084% | 1h | 748.25 | +0.121% | $52K | $82K | 10x | as long as short |
| Bitget METAUSDT | +0.0093% | 8h | 747.94 | +0.079% | $5.5M | $11.9M | 100x | as long as short |
| Popdex METAUSDT | +0.0096% | 1h | 747.94 | +0.079% | $180K | $200K | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 747.79 | +0.059% | $1.6M | $623K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 747.06 | −0.039% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 747.78 | +0.058% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 747.64 | +0.039% | $269 | — | 10x | as long as short |
| Coinbase International META-PERP-INTXlong | +0.0128% | 1h | 747.35 | long leg | $667K | $7.6M | 10x | |
| Injective META/USDC PERP | +0.0220% | 1h | 747.19 | −0.021% | $172K | $48K | 30x | as long as short |
| Hotstuff META-PERP | +0.0248% | 1h | 748.02 | +0.090% | $33K | $105 | 20x | as long as short |
| Lighter META | +0.0280% | 1h | 748.07 | +0.096% | $906K | $2.5M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0342% | 1h | 748.08 | +0.098% | $72.0M | $121.7M | 20x | as long as short |
| Phoenix META | +0.0633% | 1h | 749.25 | +0.254% | $800K | $1.4M | 20x | as long as short |
| edgeX METAUSDC | +0.0974% | 4h | 747.99 | +0.086% | $62K | $338K | 10x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Polymarket Perps META-USD
SoDEX META-USD
QFEX META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
Bitget METAUSDT
Popdex METAUSDT
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Injective META/USDC PERP
Hotstuff META-PERP
Lighter META
tradeXYZ xyz:META
Phoenix META
edgeX METAUSDC