META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0123%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h −0.010%

Price spread now: tradeXYZ against Injective+0.162%7-day average −0.315% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on Injective Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 4 days (all we have)−0.401%−$40 · spread now +0.162%, 7d avg −0.315%

Together, before fees−0.675%+ Points / potential airdroptradeXYZ: Active · farm board−$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.478% dearer against Injective than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of −0.315%. Mind the row above: over the last 7 days funding on this pair cost −0.274%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	744.99	0.0220	pay 0.0028% / 1h	38m 46s	$172K	$48K	30x
Short	tradeXYZ xyz:META	746.20	0.0343	get 0.0043% / 1h	38m 46s	$70.4M	$121.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.162%Rate

Funding earned: $25.76
Price spread: +0.162% → −0.315%: $47.77
Slippage, 4 orders: −$53.23
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $2.27
Costs to cover: 0.712%
Break-even: 6.4 days

Slippage from Injective: live order book, 15 min ago; tradeXYZ: live order book, 11 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, 15 min ago	17.58 bp	17.6 bp −$18	9881.6 bp −$98.8K	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.27 bp	9.6 bp −$10	11.8 bp −$118	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	745.46	+0.063%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	744.86	−0.017%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.05	+0.008%	$469K	$555K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.70	+0.095%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.20	+0.162%	$28.5M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.05	+0.142%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.10	+0.149%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.20	+0.028%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.81	+0.110%	$5.4M	$11.9M	100x	as long as short
Variational Omni META	0.0000%	8h	746.02	+0.139%	$2.4M	$3.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	746.21	+0.163%	$12K	$453K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.27	+0.038%	$792	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.75	−0.032%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.19	+0.027%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.40	+0.055%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.41	+0.056%	$782K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.33	+0.046%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.48	+0.066%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.45	+0.062%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.92	−0.009%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.34	+0.047%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.64	−0.047%	$786K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	745.21	+0.030%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.03	+0.139%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0091%	8h	745.12	+0.017%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.46	+0.063%	$1.6M	$607K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.30	+0.042%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.30	+0.042%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.17	+0.024%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.74	+0.101%	$621K	$7.4M	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	744.99	long leg	$172K	$48K	30x
Lighter META	+0.0232%	1h	746.31	+0.177%	$865K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0248%	1h	745.38	+0.052%	$33K	$105	20x	as long as short
tradeXYZ xyz:METAshort	+0.0343%	1h	746.20	+0.162%	$70.4M	$121.1M	20x
edgeX METAUSDC	+0.0482%	4h	746.22	+0.165%	$62K	$337K	10x	as long as short
Phoenix META	+0.0633%	1h	746.93	+0.260%	$781K	$1.4M	20x	as long as short