META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: QFEX against Deribit+0.080%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.080%, 7d avg +0.059%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.022% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	746.61	0	get 0.0000% / 1h	10m 53s	$34K	$276K	10x
Short	QFEX META-USD	747.21	0.0031	get 0.0004% / 1h	10m 53s	$2.2M	$14.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $6.55
Price spread: +0.080% → +0.059%: $2.16
Slippage, 4 orders: −$10.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.54
Costs to cover: 0.273%
Break-even: 26.8 days

Slippage from Deribit: live order book, 28 min ago; QFEX: live order book, 8 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 Deribit live order book, 28 min ago	0.07 bp	10.3 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	1.67 bp	6.7 bp −$7	6.8 bp −$68	16.6 bp −$1,664	doesn't fit

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	747.34	+0.098%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.85	+0.032%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.09	+0.065%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.84	+0.031%	$25.4M	$189.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.82	+0.028%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.74	+0.017%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.40	−0.028%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	747.32	+0.095%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	747.21	+0.081%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.47	+0.115%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.32	+0.095%	$990	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	746.61	long leg	$34K	$276K	10x
HTX META-USDT	0.0000%	8h	747.18	+0.076%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.33	+0.096%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0019%	1h	746.94	+0.044%	$482K	$560K	20x	as long as short
QFEX META-USDshort	+0.0031%	1h	747.21	+0.080%	$2.2M	$14.1M	10x
Lighter RH META	+0.0040%	1h	747.44	+0.111%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.07	+0.062%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.65	+0.139%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.10	+0.066%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.28	+0.090%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.23	+0.083%	$744K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	747.27	+0.089%	—	—	5x	as long as short
Popdex METAUSDT	+0.0072%	1h	747.33	+0.096%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0088%	1h	747.87	+0.169%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	747.48	+0.116%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.18	+0.076%	$1.6M	$724K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.75	+0.019%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.36	+0.100%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.17	+0.075%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	747.19	+0.078%	$644K	$8.0M	10x	as long as short
edgeX METAUSDC	+0.0185%	4h	747.20	+0.079%	$62K	$346K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	750.24	+0.486%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.58	+0.130%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0480%	1h	747.71	+0.147%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0571%	1h	747.55	+0.126%	$83.5M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	748.59	+0.265%	$799K	$1.5M	20x	as long as short