META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h +0.045%

Price spread now: tradeXYZ against Coinbase International+0.050%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.241%+$24 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.050%, 7d avg +0.079%

Together, before fees+0.143%+ Points / potential airdroptradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.029% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.079%). If the spread goes back, that is −$3 on $10k: about 36 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	740.19	0.0104	pay 0.0013% / 1h	59m 16s	$610K	$7.4M	10x
Short	tradeXYZ xyz:META	740.56	0.0169	get 0.0021% / 1h	59m 16s	$67.9M	$121.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 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 Coinbase InternationalbpFee tradeXYZbpOrdersPrice spread, now +0.050%Rate

Funding earned: $13.68
Price spread: +0.050% → +0.079%: −$2.91
Slippage, 4 orders: −$5.38
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.61
Costs to cover: 0.334%
Break-even: 18.6 days

Slippage from Coinbase International: live order book, 5 min ago; tradeXYZ: live order book, 10 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 Coinbase International live order book, 5 min ago	1.69 bp	6.8 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.14 bp	9.6 bp −$10	10.4 bp −$104	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	740.39	+0.027%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0106%	1h	740.29	+0.013%	$490K	$527K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0047%	1h	739.98	−0.028%	$30K	$246K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.29	+0.014%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.21	+0.002%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.37	+0.024%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.41	+0.030%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.43	+0.032%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.17	−0.003%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	+0.031%	$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	740.22	+0.003%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.036%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.37	+0.024%	$720	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.99	−0.027%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.44	+0.034%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.54	+0.047%	$753K	$3.0M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.84	+0.088%	—	$11K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	740.59	+0.054%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.38	+0.026%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.15	−0.005%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.34	+0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.86	−0.045%	$693K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.18	−0.001%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.35	+0.021%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.05	−0.019%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	741.01	+0.110%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.60	+0.055%	$1.6M	$456K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.26	+0.009%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.41	+0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.27	+0.011%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0104%	1h	740.19	long leg	$610K	$7.4M	10x
tradeXYZ xyz:METAshort	+0.0169%	1h	740.56	+0.050%	$67.9M	$121.1M	20x
Lighter META	+0.0184%	1h	740.59	+0.054%	$857K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.355%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.06	+0.118%	$343K	$920K	20x	as long as short
edgeX METAUSDC	+0.0352%	4h	740.50	+0.042%	$62K	$336K	10x	as long as short