META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.004%

Price spread now: Ondo Perps against Deribit−0.035%7-day average −0.027% · you buy dearer than you sell

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

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now −0.035%, 7d avg −0.027%

Together, before fees−0.084%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	747.35	0	get 0.0000% / 1h	5m 54s	$31K	$252K	10x
Short	Ondo Perps META-USD.P	747.09	0.0050	get 0.0006% / 1h	5m 54s	$770K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Deribit. 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 DeribitbpFee Ondo PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: $10.58
Price spread: −0.035% → −0.027%: −$0.73
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$2.15
Costs to cover: 0.120%
Break-even: 8.4 days

Slippage unknown: Deribit: live order book, 48 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 Deribit live order book, 48 min ago	0.07 bp	9.0 bp −$9	10.7 bp −$107	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	747.23	−0.016%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.42	+0.009%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.51	+0.021%	$28.5M	$182.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.81	+0.062%	$7.5M	$14.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.63	+0.037%	$6.0M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.15	−0.027%	$428K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	747.58	+0.031%	$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

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.80	+0.060%	$836	$8.8M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	747.35	long leg	$31K	$252K	10x
HTX META-USDT	0.0000%	8h	747.58	+0.031%	$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	747.90	+0.074%	$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	747.70	+0.047%	$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	+0.0083%	1h	748.11	+0.102%	$52K	$82K	10x	as long as short
Bitget METAUSDT	+0.0093%	8h	747.57	+0.029%	$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	747.74	+0.052%	$1.6M	$624K	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	747.73	+0.051%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.66	+0.042%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.35	0.000%	$667K	$7.6M	10x	as long as short
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	747.91	+0.075%	$906K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0343%	1h	747.59	+0.032%	$72.0M	$121.8M	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