META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0376%/8h= +41.2% APRnext payment +$0.47 per $10,000 · paid last 24h +0.027%

Price spread now: Hotstuff against Deribit+0.124%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hotstuff is 0.124% dearer against Deribit than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	744.56	0	get 0.0000% / 1h	29m 40s	$34K	$275K	10x
Short	Hotstuff META-PERP	745.48	0.0376	get 0.0047% / 1h	29m 40s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Deribit. 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 DeribitbpFee HotstuffbpOrdersPrice spread, now +0.124%Rate

Funding earned: $78.96
Price spread: +0.124% → 0.000%: $12.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $79.32
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Deribit: live order book, 14 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 Deribit live order book, 14 min ago	0.07 bp	3.6 bp −$4	5.2 bp −$52	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 37 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	744.62	+0.008%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	744.78	+0.029%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.16	+0.080%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.52	−0.006%	$552K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.69	+0.017%	$25.0M	$188.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.91	+0.047%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.80	+0.032%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.27	−0.039%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.80	+0.032%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.51	−0.006%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.97	+0.055%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.85	+0.039%	$924	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	744.56	long leg	$34K	$275K	10x
HTX META-USDT	0.0000%	8h	744.89	+0.044%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.00	+0.059%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.88	+0.043%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.06	+0.067%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.44	−0.016%	$112K	$340K	10x	as long as short
edgeX METAUSDC	+0.0044%	4h	744.89	+0.044%	$62K	$344K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.23	+0.090%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.15	+0.079%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.58	+0.003%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.02	+0.062%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.09	−0.063%	$696K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	744.69	+0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.54	+0.132%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.85	+0.039%	$1.6M	$680K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.69	+0.017%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.01	+0.060%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.91	+0.047%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.98	+0.056%	$655K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.269%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.19	+0.085%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERPshort	+0.0376%	1h	745.48	+0.124%	$33K	$105	20x
tradeXYZ xyz:META	+0.0498%	1h	745.18	+0.083%	$77.5M	$127.7M	20x	as long as short
Phoenix META	+0.0739%	1h	745.19	+0.085%	$796K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.91	+0.047%	$13	$46	—	as long as short