META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.129%

Price spread now: Coinbase International against Extended−0.029%56s7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.284% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.029%, 7d avg −0.079%

Together, before fees−0.036%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.050% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.218%, so the current rate has only just turned in your favour. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	742.24	0	get 0.0000% / 1h	38m 21s	$548K	$2.7M	17x
Short	Coinbase International META-PERP-INTX	742.02	0.0104	get 0.0013% / 1h	38m 21s	$614K	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.029%Rate

Funding earned: $21.84
Price spread: −0.029% → −0.079%: $5.04
Slippage, 4 orders: −$13.38
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1.49
Costs to cover: 0.284%
Break-even: 7.5 days

Slippage from Extended: live order book, 5 min ago; Coinbase International: 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 Extended live order book, 5 min ago	0.54 bp	5.6 bp −$6	33.2 bp −$332	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	2.96 bp	9.3 bp −$9	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	742.32	+0.011%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	741.88	−0.048%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.35	+0.016%	$466K	$551K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	742.24	long leg	$548K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	742.38	+0.020%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.22	−0.002%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.16	−0.010%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.00	−0.032%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.37	+0.018%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.48	+0.033%	$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	742.51	+0.037%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.58	+0.046%	$861	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.68	−0.075%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.14	−0.013%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	+0.015%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.43	+0.026%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.38	+0.020%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.03	−0.028%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.49	+0.034%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.30	+0.009%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.10	−0.018%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.33	+0.013%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.69	−0.073%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	742.19	−0.007%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.123%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.51	+0.037%	$1.6M	$539K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.86	−0.051%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.22	−0.002%	$267	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0104%	1h	742.02	−0.029%	$614K	$7.2M	10x
Hotstuff META-PERP	+0.0144%	1h	742.31	+0.010%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.301%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.39	+0.021%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0271%	1h	742.39	+0.021%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	+0.019%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.150%	$647K	$1.2M	20x	as long as short