META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.068%

Price spread now: Nado against Extended+0.026%51s7-day average −0.009% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.281% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.226%−$23 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.026%, 7d avg −0.009%

Together, before fees−0.366%+ Points / potential airdropExtended: Active · Nado: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.035% dearer against Extended than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 3 days (−0.226% in total) that is about 13 hours. The two prices were read 51 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	744.75	0	get 0.0000% / 1h	26m 34s	$548K	$1.8M	17x
Short	Nado META-PERP	744.95	−0.0045	pay 0.0006% / 1h	26m 34s	$482K	$559K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.026%Rate

Funding earned: −$9.36
Price spread: +0.026% → −0.009%: $3.5
Slippage, 4 orders: −$16.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$33.91
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Nado: live order book, 17 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, 2 min ago	0.34 bp	5.7 bp −$6	27.4 bp −$274	doesn't fit	doesn't fit
Sell Nado live order book, 17 min ago	0.87 bp	5.2 bp −$5	13.3 bp −$133	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	745.00	+0.033%	$333K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0099%	1h	744.35	−0.054%	$34K	$275K	10x	as long as short
Nado META-PERPshort	−0.0045%	1h	744.95	+0.026%	$482K	$559K	20x
Aster METAUSDT	0.0000%	8h	745.18	+0.057%	$479K	$593K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	744.75	long leg	$548K	$1.8M	17x
Binance METAUSDT	0.0000%	8h	744.98	+0.031%	$25.0M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.80	+0.006%	$7.3M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.95	+0.026%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.38	−0.050%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.04	+0.038%	$5.6M	$12.4M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.51	−0.032%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.76	0.000%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.79	+0.005%	$699	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.88	+0.017%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.97	+0.029%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.72	−0.005%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.35	+0.080%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.61	−0.019%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.67	+0.123%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.99	+0.032%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.89	+0.018%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.95	+0.026%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.60	−0.021%	$685K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	744.84	+0.011%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.62	+0.116%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.92	+0.022%	$1.6M	$682K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.47	−0.038%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.86	+0.014%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.75	−0.001%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.003%	$650K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.243%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.47	+0.096%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	745.36	+0.081%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0412%	4h	744.66	−0.012%	$62K	$342K	10x	as long as short
tradeXYZ xyz:META	+0.0487%	1h	745.33	+0.077%	$77.6M	$127.8M	20x	as long as short
Phoenix META	+0.0739%	1h	746.25	+0.201%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.02	+0.036%	$13	$46	—	as long as short