META

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Popdex against Ondo Perps+0.118%7-day average +0.088% · you sell dearer than you buy

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

Long on Ondo Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.118%, 7d avg +0.088%

Together, before fees+0.012%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.031% dearer against Ondo Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	744.75	0.0050	pay 0.0006% / 1h	56m 04s	$741K	$5.0M	10x
Short	Popdex METAUSDT	745.63	0.0048	get 0.0006% / 1h	56m 04s	$179K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$0.5
Price spread: +0.118% → +0.088%: $3.06
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$8.84
Costs to cover: 0.114%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Popdex: live order book, 38 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 Popdex live order book, 38 min ago	0.67 bp	4.9 bp −$5	8.2 bp −$82	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 37 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	745.62	+0.117%	$335K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.94	+0.026%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.37	+0.083%	$546K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.29	+0.073%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.48	+0.098%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.30	+0.074%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.17	+0.056%	$448K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.35	+0.081%	$5.8M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	744.66	−0.012%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.78	+0.004%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.66	+0.122%	$720	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.14	+0.052%	$36K	$269K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.32	+0.077%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.45	+0.094%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.75	+0.134%	$813K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	+0.055%	$111K	$321K	10x	as long as short
QFEX META-USD	+0.0041%	1h	745.61	+0.115%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.91	+0.156%	—	$12K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	745.63	+0.118%	$179K	$204K	20x
Polymarket Perps META-USD	+0.0050%	1h	745.22	+0.063%	$567K	$609K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.46	+0.095%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	744.75	long leg	$741K	$5.0M	10x
Paradex META-USD-PERP	+0.0064%	8h	745.41	+0.089%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	745.92	+0.156%	$51K	$91K	10x	as long as short
Nado META-PERP	+0.0080%	1h	745.16	+0.055%	$479K	$559K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.92	+0.023%	$641K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	745.62	+0.116%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.32	+0.077%	$1.6M	$803K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.70	−0.141%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.113%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.40	+0.087%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	745.54	+0.106%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.212%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	745.85	+0.148%	$1.2M	$2.6M	20x	as long as short
edgeX METAUSDC	+0.0330%	4h	745.61	+0.116%	$63K	$346K	10x	as long as short
tradeXYZ xyz:META	+0.0336%	1h	745.60	+0.114%	$86.4M	$134.8M	20x	as long as short
Phoenix META	+0.0791%	1h	745.86	+0.149%	$796K	$1.5M	20x	as long as short