META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.026%

Price spread now: Injective against Extended+0.154%100s7-day average +0.315% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as 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−$670.666% of the position

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.306%+$31 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.154%, 7d avg +0.315%

Together, before fees+0.303%+ Points / potential airdropExtended: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.161% cheaper against Extended than usual: you would sell low and buy high (spread +0.154% now, against its 7-day average of +0.315%). If the spread goes back, that is −$16 on $10k: about 2.4 days of funding at the current rate (+$7 a day). The two prices were read 100 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	745.36	0	get 0.0000% / 1h	35m 40s	$548K	$3.4M	17x
Short	Injective META/USDC PERP	746.51	0.0220	get 0.0028% / 1h	35m 40s	$172K	$46K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.154%Rate

Funding earned: $46.2
Price spread: +0.154% → +0.315%: −$16.11
Slippage, 4 orders: −$61.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$36.47
Costs to cover: 0.666%
Break-even: 12.5 days

Slippage from Extended: live order book, 3 min ago; Injective: live order book, 3 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, 3 min ago	0.54 bp	5.5 bp −$5	23.2 bp −$232	doesn't fit	doesn't fit
Sell Injective live order book, 3 min ago	15.27 bp	40.3 bp −$40	doesn't fit	doesn't fit	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	745.50	+0.019%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.96	−0.054%	$479K	$593K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	745.36	long leg	$548K	$3.4M	17x
Binance METAUSDT	0.0000%	8h	745.42	+0.008%	$25.1M	$188.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.33	−0.004%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.68	+0.043%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.01	−0.047%	$469K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.52	+0.021%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.45	+0.012%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.58	+0.029%	$12K	$436K	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	745.34	−0.003%	$695	$8.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.26	−0.014%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.68	+0.043%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.25	−0.015%	$2.2M	$13.9M	10x	as long as short
Nado META-PERP	+0.0035%	1h	744.76	−0.081%	$480K	$560K	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.11	−0.034%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.64	+0.037%	—	$12K	25x	as long as short
Lighter RH META	+0.0048%	1h	745.63	+0.036%	$789K	$3.1M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.26	−0.014%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.38	+0.003%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.98	−0.051%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.36	0.000%	—	—	5x	as long as short
Popdex METAUSDT	+0.0072%	1h	745.49	+0.017%	$177K	$203K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.29	+0.124%	$48K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	745.56	+0.027%	$25	$189	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.18	−0.024%	$1.6M	$717K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.72	−0.086%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.53	+0.023%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.36	−0.001%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.36	0.000%	$644K	$7.9M	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0180%	1h	745.04	−0.043%	$34K	$275K	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	746.51	+0.154%	$172K	$46K	30x
Hotstuff META-PERP	+0.0448%	1h	745.66	+0.040%	$33K	$105	20x	as long as short
Lighter META	+0.0480%	1h	745.82	+0.062%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0568%	1h	745.96	+0.080%	$81.3M	$129.8M	20x	as long as short
Phoenix META	+0.0750%	1h	746.69	+0.178%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0984%	4h	745.38	+0.002%	$62K	$344K	10x	as long as short