Funding you earn now, next payment 06:00 UTC−0.0360%/8h= −39.4% APRnext payment −$0.45 per $10,000 · paid last 24h −0.021%
Price spread now: Deribit against Hotstuff−0.189%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Deribit is 0.189% cheaper against Hotstuff than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff META-PERP | 746.18 | 0.0360 | pay 0.0045% / 1h | 2m 13s | $33K | $105 | 20x |
| Short | Deribit META_USDC-PERPETUAL | 744.77 | 0 | get 0.0000% / 1h | 2m 13s | $31K | $263K | 10x |
Hotstuff META-PERP
Deribit META_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$75.6
- Price spread: −0.189% → 0.000%
- −$18.9
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$106.5
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 46 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 46 min ago | 0.07 bp | 3.6 bp −$4 | 4.8 bp −$48 | doesn't fit | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 745.68 | −0.067% | $329K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0005% | 1h | 745.10 | −0.144% | $482K | $557K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.23 | −0.128% | $480K | $590K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.12 | −0.142% | $549K | $2.6M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 745.31 | −0.117% | $27.6M | $182.7M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.24 | −0.126% | $7.3M | $15.1M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.46 | −0.096% | $6.1M | $12.5M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 744.78 | −0.188% | $433K | $6.0M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 745.39 | −0.106% | $5.5M | $12.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 746.12 | −0.007% | $2.4M | $3.3M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.23 | +0.006% | $12K | $440K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.17 | −0.135% | $864 | $8.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUALshort | 0.0000% | 1h | 744.77 | −0.189% | $31K | $263K | 10x | |
| HTX META-USDT | 0.0000% | 8h | 745.15 | −0.138% | $106K | $306K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 745.84 | −0.046% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 745.54 | −0.086% | $775K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.29 | −0.119% | $110K | $332K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 745.75 | −0.058% | — | $11K | 25x | as long as short |
| QFEX META-USD | +0.0046% | 1h | 745.13 | −0.141% | $2.2M | $13.9M | 10x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 745.37 | −0.109% | $178K | $200K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 744.86 | −0.177% | $586K | $562K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 745.37 | −0.109% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.15 | −0.138% | $752K | $4.9M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0066% | 8h | 745.24 | −0.126% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0084% | 1h | 746.11 | −0.010% | $52K | $81K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.45 | −0.098% | $1.6M | $659K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.28 | −0.121% | $167K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.31 | −0.117% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.18 | −0.134% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 745.18 | −0.134% | $657K | $7.8M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 748.03 | +0.248% | $172K | $46K | 30x | as long as short |
| Lighter META | +0.0296% | 1h | 745.60 | −0.078% | $1.1M | $2.7M | 20x | as long as short |
| Hotstuff META-PERPlong | +0.0360% | 1h | 746.18 | long leg | $33K | $105 | 20x | |
| tradeXYZ xyz:META | +0.0452% | 1h | 745.62 | −0.075% | $76.3M | $125.9M | 20x | as long as short |
| edgeX METAUSDC | +0.0547% | 4h | 745.87 | −0.042% | $62K | $341K | 10x | as long as short |
| Phoenix META | +0.0685% | 1h | 747.34 | +0.155% | $798K | $1.4M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
QFEX META-USD
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
tradeXYZ xyz:META
edgeX METAUSDC
Phoenix META