META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.022%

Price spread now: OKX against KuCoin+0.012%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.012%, 7d avg +0.060%

Together, before fees−0.155%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.048% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	745.62	0.0100	pay 0.0100% / 8h	2h 08m	$1.6M	$656K	20x
Short	OKX META-USDT-SWAP	745.71	0	get 0.0000% / 8h	2h 08m	$6.0M	$12.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$21
Price spread: +0.012% → +0.060%: −$4.82
Slippage, 4 orders: −$79.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$127.81
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 5 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 KuCoin live order book, 3 min ago	5.90 bp	32.9 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.21 bp	9.6 bp −$10	20.6 bp −$206	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	745.61	−0.001%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.54	−0.011%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.54	−0.011%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.75	+0.017%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.76	+0.019%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	745.71	+0.012%	$6.0M	$12.5M	20x
Gate META_USDT	0.0000%	8h	745.32	−0.040%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.85	+0.031%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	745.86	+0.032%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.02	+0.054%	$12K	$440K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.74	+0.016%	$772	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.39	−0.031%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.66	+0.005%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.84	+0.030%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0001%	1h	745.53	−0.013%	$482K	$557K	20x	as long as short
Lighter RH META	+0.0032%	1h	746.09	+0.063%	$775K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.03	−0.079%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.21	+0.079%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.57	−0.007%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.84	+0.030%	$179K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.34	−0.038%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.68	+0.008%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.17	−0.060%	$748K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	745.76	+0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	745.81	+0.025%	$52K	$81K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	745.62	long leg	$1.6M	$656K	20x
ApeX Omni METAUSDT	+0.0100%	1h	745.52	−0.013%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.85	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.65	+0.004%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.40	−0.030%	$656K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.323%	$172K	$46K	30x	as long as short
Lighter META	+0.0296%	1h	746.17	+0.074%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.03	+0.055%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0450%	1h	746.29	+0.090%	$76.0M	$125.6M	20x	as long as short
Phoenix META	+0.0685%	1h	746.97	+0.181%	$798K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0903%	4h	745.78	+0.021%	$62K	$339K	10x	as long as short