META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.081%

Price spread now: Arcus against Extended+0.005%7-day average −0.002% · 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−$31as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Extended Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now +0.005%, 7d avg −0.002%

Together, before fees+0.103%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	742.06	0	get 0.0000% / 1h	39m 43s	$548K	$2.7M	17x
Short	Arcus META-USD	742.09	0.0040	get 0.0005% / 1h	39m 43s	$110K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Extended. 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 ExtendedbpFee ArcusbpOrdersPrice spread, now +0.005%Rate

Funding earned: $8.46
Price spread: +0.005% → −0.002%: $0.66
Slippage, 4 orders: −$21.85
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$22.23
Costs to cover: 0.313%
Break-even: 25.4 days

Slippage from Extended: live order book, 4 min ago; Arcus: live order book, 19 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 Extended live order book, 4 min ago	0.54 bp	5.6 bp −$6	33.2 bp −$332	doesn't fit	doesn't fit
Sell Arcus live order book, 19 min ago	3.30 bp	11.5 bp −$12	14.3 bp −$143	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	742.47	+0.056%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0043%	1h	742.05	−0.001%	$480K	$553K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0006%	1h	741.80	−0.035%	$31K	$245K	10x	as long as short
Aster METAUSDT	0.0000%	8h	742.36	+0.042%	$466K	$551K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	742.06	long leg	$548K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	742.24	+0.025%	$27.5M	$180.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.12	+0.009%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.16	+0.014%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.05	−0.001%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.37	+0.042%	$5.4M	$11.7M	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	742.48	+0.057%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.33	+0.038%	$12K	$436K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.67	+0.083%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.26	+0.027%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	+0.040%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.42	+0.049%	$766K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.51	+0.061%	$2.1M	$13.7M	10x	as long as short
Arcus META-USDshort	+0.0040%	1h	742.09	+0.005%	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	742.58	+0.071%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.53	+0.064%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.27	+0.029%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.43	+0.050%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.81	−0.033%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.32	+0.036%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	743.15	+0.147%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.47	+0.056%	$1.6M	$537K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.34	−0.097%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.42	+0.049%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.36	+0.040%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.005%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	742.50	+0.060%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.325%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.38	+0.044%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0266%	1h	742.29	+0.031%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	+0.044%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.174%	$643K	$1.2M	20x	as long as short