META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h −0.005%

Price spread now: QFEX against Nado+0.050%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Nado Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 3 days (all we have)+0.069%+$7 · spread now +0.050%, 7d avg +0.033%

Together, before fees+0.154%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	739.89	0.0025	pay 0.0003% / 1h	48m 09s	$382K	$335K	20x
Short	QFEX META-USD	740.26	0.0055	get 0.0007% / 1h	48m 09s	$2.2M	$14.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Nado. 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 NadobpFee QFEXbpOrdersPrice spread, now +0.050%Rate

Funding earned: $6.32
Price spread: +0.050% → +0.033%: $1.64
Slippage, 4 orders: −$21.12
Fee Nado: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.17
Costs to cover: 0.381%
Break-even: 40.4 days

Slippage from Nado: live order book, 25 min ago; QFEX: live order book, 6 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 Nado live order book, 25 min ago	0.41 bp	13.5 bp −$14	26.4 bp −$264	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.03 bp	7.0 bp −$7	8.9 bp −$89	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	740.33	+0.059%	$327K	$1.1M	20x	as long as short
Phemex METAUSDT	−0.0086%	4h	740.78	+0.120%	$2.0M	$7K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.94	+0.141%	$463K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.20	+0.041%	$549K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.35	+0.062%	$27.4M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.17	+0.038%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.20	+0.042%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.86	−0.004%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.21	+0.043%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.73	−0.022%	$2.3M	$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	740.20	+0.042%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.28	+0.052%	$899	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.21	+0.043%	$106K	$292K	30x	as long as short
Nado META-PERPlong	+0.0025%	1h	739.89	long leg	$382K	$335K	20x
Lighter RH META	+0.0032%	1h	740.48	+0.080%	$758K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.50	+0.082%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.32	+0.058%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.15	+0.035%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.20	+0.042%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.58	−0.042%	$735K	$4.3M	10x	as long as short
QFEX META-USDshort	+0.0055%	1h	740.26	+0.050%	$2.2M	$14.2M	10x
Arcus META-USD	+0.0063%	1h	739.77	−0.016%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	740.15	+0.035%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.61	+0.097%	$50K	$77K	10x	as long as short
Hotstuff META-PERP	+0.0080%	1h	740.17	+0.038%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.42	+0.071%	$1.6M	$415K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.43	−0.062%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.37	+0.065%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.20	+0.042%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0109%	1h	740.12	+0.031%	$67.7M	$121.3M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.59	−0.041%	$601K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.93	+0.275%	$169K	$46K	30x	as long as short
Lighter META	+0.0256%	1h	740.59	+0.094%	$856K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	740.16	+0.036%	$277K	$930K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0453%	1h	740.52	+0.085%	$30K	$253K	10x	as long as short
edgeX METAUSDC	+0.0474%	4h	740.08	+0.025%	$62K	$333K	10x	as long as short