META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0284%/8h= +31.1% APRnext payment +$0.35 per $10,000 · paid last 24h +0.043%

Price spread now: tradeXYZ against Deribit+0.088%7-day average +0.032% · 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−$26as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Deribit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.305%−$31 · spread now +0.088%, 7d avg +0.032%

Together, before fees−0.197%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and tradeXYZ is 0.056% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.032%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.109% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	741.71	0	get 0.0000% / 1h	33m 37s	$31K	$245K	10x
Short	tradeXYZ xyz:META	742.36	0.0284	get 0.0035% / 1h	33m 37s	$69.5M	$120.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.088%Rate

Funding earned: $59.63
Price spread: +0.088% → +0.032%: $5.59
Slippage, 4 orders: −$6.92
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $33.29
Costs to cover: 0.319%
Break-even: 3.1 days

Slippage from Deribit: live order book, 25 min ago; tradeXYZ: live order book, 6 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, 25 min ago	0.07 bp	8.4 bp −$8	10.1 bp −$101	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.47 bp	9.9 bp −$10	11.8 bp −$118	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	742.39	+0.092%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0028%	1h	741.81	+0.013%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.31	+0.081%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.12	+0.056%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.33	+0.084%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.13	+0.057%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.23	+0.070%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.87	+0.022%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.21	+0.067%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.38	+0.090%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.49	+0.106%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.36	+0.088%	$766	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	741.71	long leg	$31K	$245K	10x
HTX META-USDT	0.0000%	8h	741.97	+0.035%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.45	+0.100%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.48	+0.104%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.23	+0.070%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.94	+0.031%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.35	+0.086%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.29	+0.078%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.95	+0.032%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.19	+0.065%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.77	+0.008%	$709K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	742.05	+0.046%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.15	+0.194%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.47	+0.102%	$1.6M	$544K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.36	−0.047%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.20	+0.066%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.05	+0.045%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	+0.042%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.33	+0.084%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.372%	$172K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	742.44	+0.098%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:METAshort	+0.0284%	1h	742.36	+0.088%	$69.5M	$120.3M	20x
Phoenix META	+0.0591%	1h	743.27	+0.210%	$656K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0888%	4h	742.35	+0.086%	$62K	$337K	10x	as long as short