Funding you earn now, next payment 00:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.029%
Price spread now: Phoenix against KuCoin+0.038%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1041.045% of the position
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.038%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.022% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METAUSDTM | 739.73 | 0.0100 | pay 0.0100% / 8h | 7h 23m | $1.6M | $436K | 20x |
| Short | Phoenix META | 740.01 | 0.0259 | get 0.0032% / 1h | 23m 14s | $291K | $930K | 20x |
KuCoin METAUSDTM
Phoenix METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $33.45
- Price spread: +0.038% → +0.016%
- $2.23
- Slippage, 4 orders
- −$85.48
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$68.8
- Costs to cover
- 1.045%
- Break-even
- 21.4 days
Slippage from KuCoin: live order book, 3 min ago; Phoenix: live order book, 50 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 | 4.66 bp | 38.8 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 50 min ago | 2.02 bp | 8.1 bp −$8 | 15.3 bp −$153 | 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 | 739.51 | −0.030% | $328K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0021% | 1h | 739.27 | −0.063% | $423K | $391K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 739.71 | −0.002% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.48 | −0.034% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 739.64 | −0.012% | $27.4M | $179.4M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 739.65 | −0.011% | $7.6M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.68 | −0.007% | $6.0M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.12 | −0.082% | $352K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.48 | −0.034% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 739.24 | −0.066% | $2.3M | $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 | 739.70 | −0.004% | $12K | $461K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 739.82 | +0.012% | $908 | $9.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.10 | −0.085% | $30K | $246K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.44 | −0.039% | $104K | $295K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 739.67 | −0.008% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 739.74 | +0.001% | $750K | $3.2M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 739.88 | +0.020% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.67 | −0.008% | $177K | $195K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.42 | −0.042% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.50 | −0.031% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 738.85 | −0.119% | $676K | $4.4M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.52 | −0.028% | $2.2M | $14.2M | 10x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 739.12 | −0.082% | $110K | $331K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0064% | 8h | 739.32 | −0.055% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0070% | 1h | 740.17 | +0.060% | $48K | $80K | 10x | as long as short |
| KuCoin METAUSDTMlong | +0.0100% | 8h | 739.73 | long leg | $1.6M | $436K | 20x | |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.16 | −0.077% | $166K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.67 | −0.008% | $1K | $24 | 10x | as long as short |
| Hotstuff META-PERP | +0.0104% | 1h | 739.58 | −0.020% | $33K | $105 | 20x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.45 | −0.039% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 739.31 | −0.057% | $613K | $7.3M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0167% | 1h | 739.63 | −0.014% | $67.5M | $121.5M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 741.54 | +0.245% | $171K | $48K | 30x | as long as short |
| Lighter META | +0.0232% | 1h | 739.74 | +0.001% | $851K | $2.5M | 20x | as long as short |
| Phoenix METAshort | +0.0259% | 1h | 740.01 | +0.038% | $291K | $930K | 20x | |
| edgeX METAUSDC | +0.0648% | 4h | 739.65 | −0.011% | $62K | $334K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Arcus META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Hotstuff META-PERP
Aevo META-PERP
Coinbase International META-PERP-INTX
tradeXYZ xyz:META
Injective META/USDC PERP
Lighter META
edgeX METAUSDC