META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.008%

Price spread now: Extended against Injective−0.251%7-day average −0.315% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on Injective Short on Extended

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)+0.091%+$9 · spread now −0.251%, 7d avg −0.315%

Together, before fees−0.215%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.064% dearer against Injective than usual: you sell high and buy low (spread −0.251% now, against its 7-day average of −0.315%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	746.56	0.0220	pay 0.0028% / 1h	27m 19s	$172K	$46K	30x
Short	Extended META_24_5-USD	744.68	0	get 0.0000% / 1h	27m 19s	$548K	$1.8M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Injective. 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 InjectivebpFee ExtendedbpOrdersPrice spread, now −0.251%Rate

Funding earned: −$46.2
Price spread: −0.251% → −0.315%: $6.37
Slippage, 4 orders: −$61.32
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$106.17
Costs to cover: 0.663%
Break-even: never at this rate

Slippage from Injective: live order book, 16 min ago; Extended: live order book, 1 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, 16 min ago	17.28 bp	17.3 bp −$17	9880.1 bp −$98.8K	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.34 bp	5.6 bp −$6	41.2 bp −$412	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	744.93	−0.218%	$333K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0099%	1h	744.35	−0.296%	$34K	$275K	10x	as long as short
Nado META-PERP	−0.0045%	1h	744.95	−0.216%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.11	−0.194%	$479K	$593K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	744.68	−0.251%	$548K	$1.8M	17x
Binance METAUSDT	0.0000%	8h	744.87	−0.227%	$25.0M	$188.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.90	−0.222%	$7.3M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.95	−0.216%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.60	−0.263%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.09	−0.197%	$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	−0.274%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.76	−0.242%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.79	−0.237%	$699	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.88	−0.225%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.90	−0.222%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.95	−0.216%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.53	−0.138%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.59	−0.264%	$112K	$340K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.67	−0.119%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.20	−0.182%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.89	−0.224%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.95	−0.216%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.58	−0.265%	$696K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	745.10	−0.195%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.62	−0.126%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.06	−0.201%	$1.6M	$681K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.47	−0.280%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.86	−0.228%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.75	−0.243%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.245%	$650K	$8.0M	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	746.56	long leg	$172K	$46K	30x
Lighter META	+0.0360%	1h	745.68	−0.118%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	745.60	−0.129%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0412%	4h	744.66	−0.254%	$62K	$342K	10x	as long as short
tradeXYZ xyz:META	+0.0489%	1h	745.31	−0.167%	$77.6M	$127.8M	20x	as long as short
Phoenix META	+0.0739%	1h	746.25	−0.042%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.94	−0.217%	$13	$46	—	as long as short