META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.132%

Price spread now: Deribit against Extended−0.030%7-day average −0.033% · you buy dearer than you sell

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−$250.254% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.129%−$13 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.030%, 7d avg −0.033%

Together, before fees−0.043%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, 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	Extended META_24_5-USD	740.30	0	get 0.0000% / 1h	2m 28s	$550K	$2.7M	17x
Short	Deribit META_USDC-PERPETUAL	740.08	−0.0074	pay 0.0009% / 1h	2m 28s	$30K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$15.58
Price spread: −0.030% → −0.033%: $0.24
Slippage, 4 orders: −$13.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$40.78
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Deribit: 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, 1 min ago	0.54 bp	5.7 bp −$6	34.7 bp −$347	doesn't fit	doesn't fit
Sell Deribit live order book, 6 min ago	0.07 bp	3.6 bp −$4	4.7 bp −$47	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	740.77	+0.063%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0098%	1h	740.42	+0.016%	$490K	$523K	20x	as long as short
Deribit META_USDC-PERPETUALshort	−0.0074%	1h	740.08	−0.030%	$30K	$246K	10x
Aster METAUSDT	0.0000%	8h	740.41	+0.014%	$466K	$549K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	740.30	long leg	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	740.38	+0.010%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.59	+0.039%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	−0.007%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.33	+0.004%	$351K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.44	+0.018%	$5.6M	$11.3M	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	740.83	+0.071%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.077%	$13K	$453K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.91	+0.082%	$983	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.74	+0.059%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.72	+0.056%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.67	+0.050%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.87	+0.077%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.43	+0.017%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.25	−0.007%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.51	+0.028%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.97	−0.045%	$686K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.20	−0.014%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	740.50	+0.027%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.15	−0.021%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	741.11	+0.110%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	740.56	+0.035%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.80	+0.067%	$1.6M	$454K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.31	+0.001%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.53	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.31	+0.001%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.35	+0.006%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0164%	1h	740.51	+0.028%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0192%	1h	740.62	+0.043%	$857K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.226%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.55	+0.168%	$335K	$930K	20x	as long as short
edgeX METAUSDC	+0.0394%	4h	740.15	−0.021%	$62K	$335K	10x	as long as short