META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0164%/8h= −18.0% APRnext payment −$0.21 per $10,000 · paid last 24h +0.001%

Price spread now: Deribit against Ondo Perps+0.016%7-day average +0.028% · you sell dearer than you buy

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

Long on Ondo Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.439%+$44 · spread now +0.016%, 7d avg +0.028%

Together, before fees+0.378%+ Points / potential airdropOndo Perps: Active · farm board+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	742.16	0.0050	pay 0.0006% / 1h	3m 28s	$721K	$4.3M	10x
Short	Deribit META_USDC-PERPETUAL	742.28	−0.0114	pay 0.0014% / 1h	3m 28s	$31K	$245K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$34.44
Price spread: +0.016% → +0.028%: −$1.21
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$47.66
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 60 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 Deribit live order book, 60 min ago	0.07 bp	3.6 bp −$4	5.1 bp −$51	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	743.01	+0.115%	$330K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUALshort	−0.0114%	1h	742.28	+0.016%	$31K	$245K	10x
Nado META-PERP	−0.0030%	1h	742.59	+0.058%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.44	+0.038%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.60	+0.060%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.90	+0.100%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.74	+0.078%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.99	+0.112%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.59	+0.058%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.88	+0.097%	$5.5M	$11.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	742.77	+0.082%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.91	+0.101%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.79	+0.085%	$983	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.48	+0.043%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.77	+0.082%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.99	+0.112%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.67	+0.069%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.22	+0.008%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.06	+0.121%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.06	+0.121%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.71	+0.074%	$560K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.83	+0.090%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	742.16	long leg	$721K	$4.3M	10x
Paradex META-USD-PERP	+0.0064%	8h	742.68	+0.070%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.08	+0.124%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.46	+0.040%	$613K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.77	+0.082%	$1.6M	$528K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.51	+0.047%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.79	+0.085%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.53	+0.050%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0188%	4h	742.88	+0.097%	$62K	$337K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.012%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	742.91	+0.101%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	742.88	+0.097%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0329%	1h	742.89	+0.098%	$69.4M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	743.64	+0.199%	$596K	$1.1M	20x	as long as short