Funding you earn now, next payment 04:00 UTC+0.0265%/8h= +29.1% APRpaid last 24h +0.031%
Price spread now: edgeX against Injective+0.163%107s7-day average −0.295% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as 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−$790.793% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)−0.448%−$45 · spread now +0.163%, 7d avg −0.295%
=Together, before fees−0.349%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.458% dearer against Injective than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of −0.295%. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective META/USDC PERP | 742.66 | 0.0220 | pay 0.0028% / 1h | 13m 30s | $171K | $48K | 30x |
| Short | edgeX METAUSDC | 743.87 | 0.0485 | get 0.0243% / 4h | 13m 30s | $62K | $338K | 10x |
Injective META/USDC PERP
edgeX METAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Injective. 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
- $55.75
- Price spread: +0.163% → −0.295%
- $45.84
- Slippage, 4 orders
- −$70.27
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $22.3
- Costs to cover
- 0.793%
- Break-even
- 4.2 days
Slippage from Injective: live order book, 45 min ago; edgeX: live order book, 45 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 Injective live order book, 45 min ago | 17.52 bp | 17.5 bp −$18 | 9881.3 bp −$98.8K | doesn't fit | doesn't fit |
| Sell edgeX live order book, 45 min ago | 5.31 bp | 9.9 bp −$10 | 11.5 bp −$115 | 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 | 743.98 | +0.178% | $329K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0016% | 1h | 743.30 | +0.087% | $480K | $553K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 743.24 | +0.078% | $468K | $553K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 743.83 | +0.157% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 743.91 | +0.168% | $28.0M | $182.0M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 743.88 | +0.164% | $7.6M | $14.1M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 743.89 | +0.166% | $6.0M | $13.6M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 743.41 | +0.101% | $365K | $5.7M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 743.99 | +0.179% | $5.4M | $11.7M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 743.81 | +0.155% | $2.4M | $3.1M | — | 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 | 744.01 | +0.181% | $13K | $443K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 744.11 | +0.195% | $934 | $9.1M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 743.99 | +0.179% | $106K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 743.59 | +0.125% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 743.99 | +0.179% | $775K | $3.0M | 20x | as long as short |
| QFEX META-USD | +0.0036% | 1h | 743.76 | +0.148% | $2.2M | $13.7M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 743.55 | +0.120% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 743.82 | +0.156% | — | $10K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 743.97 | +0.176% | $179K | $199K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 743.50 | +0.113% | $585K | $565K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 743.96 | +0.175% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 743.32 | +0.089% | $800K | $4.5M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0074% | 8h | 743.78 | +0.151% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0080% | 1h | 744.36 | +0.229% | $52K | $82K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0100% | 1h | 743.46 | +0.108% | $31K | $246K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 743.82 | +0.156% | $1.6M | $551K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 743.11 | +0.061% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 743.80 | +0.154% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 743.84 | +0.159% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 743.76 | +0.148% | $615K | $7.2M | 10x | as long as short |
| Hotstuff META-PERP | +0.0168% | 1h | 743.97 | +0.176% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERPlong | +0.0220% | 1h | 742.66 | long leg | $171K | $48K | 30x | |
| Lighter META | +0.0264% | 1h | 743.96 | +0.175% | $865K | $2.5M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0279% | 1h | 743.66 | +0.135% | $69.6M | $120.6M | 20x | as long as short |
| edgeX METAUSDCshort | +0.0485% | 4h | 743.87 | +0.163% | $62K | $338K | 10x | |
| Phoenix META | +0.0591% | 1h | 744.70 | +0.275% | $705K | $1.2M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
Lighter RH META
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Deribit META_USDC-PERPETUAL
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Hotstuff META-PERP
Lighter META
tradeXYZ xyz:META
Phoenix META