META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.049%

Price spread now: Arcus against Ondo Perps−0.038%7-day average +0.054% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.038%, 7d avg +0.054%

Together, before fees+0.134%+ Points / potential airdropOndo Perps: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Arcus is 0.092% cheaper against Ondo Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	743.14	0.0050	pay 0.0006% / 1h	25m 52s	$736K	$4.9M	10x
Short	Arcus META-USD	742.86	0.0040	get 0.0005% / 1h	25m 52s	$110K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Ondo Perps. 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 Ondo PerpsbpFee ArcusbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$2.13
Price spread: −0.038% → +0.054%: −$9.18
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.8
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 23 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Arcus live order book, 23 min ago	2.75 bp	10.7 bp −$11	13.8 bp −$138	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	743.43	+0.039%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.59	+0.195%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.84	+0.094%	$544K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.09	+0.128%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.92	+0.105%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.91	+0.104%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.35	+0.028%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.15	+0.136%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.108%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.005%	$12K	$442K	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	744.19	+0.141%	$528	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.56	+0.057%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.69	+0.074%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.44	+0.040%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0024%	1h	743.68	+0.072%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.23	+0.147%	$769K	$2.9M	20x	as long as short
Arcus META-USDshort	+0.0040%	1h	742.86	−0.038%	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	744.24	+0.148%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.69	+0.074%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.99	+0.114%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.74	+0.081%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.86	+0.097%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	743.14	long leg	$736K	$4.9M	10x
Paradex META-USD-PERP	+0.0076%	8h	743.82	+0.091%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	743.69	+0.075%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.73	+0.079%	$1.6M	$644K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.39	−0.101%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.93	+0.106%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.82	+0.091%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.48	+0.046%	$658K	$7.7M	10x	as long as short
edgeX METAUSDC	+0.0135%	4h	743.17	+0.004%	$62K	$341K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.371%	$172K	$46K	30x	as long as short
Lighter META	+0.0320%	1h	744.31	+0.157%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.00	+0.116%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0441%	1h	744.42	+0.172%	$74.7M	$124.9M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.136%	$795K	$1.4M	20x	as long as short