META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: QFEX against Ondo Perps+0.053%7-day average +0.055% · you sell dearer than you buy

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

Long on Ondo Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.048%−$5 on $10k

Price spread, last 7 days+0.067%+$7 · spread now +0.053%, 7d avg +0.055%

Together, before fees+0.019%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, 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	Ondo Perps META-USD.P	741.21	0.0050	pay 0.0006% / 1h	51m 14s	$705K	$4.2M	10x
Short	QFEX META-USD	741.60	0.0032	get 0.0004% / 1h	51m 14s	$2.1M	$13.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$3.81
Price spread: +0.053% → +0.055%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.05
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; QFEX: live order book, 13 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 QFEX live order book, 13 min ago	1.62 bp	6.6 bp −$7	7.5 bp −$75	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 35 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
Nado META-PERP	−0.0062%	1h	741.51	+0.040%	$479K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.55	+0.046%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.69	+0.065%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.89	+0.092%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.90	+0.093%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.94	+0.098%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.56	+0.047%	$356K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.92	+0.096%	$5.4M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.87	+0.089%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.02	+0.109%	$13K	$432K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.76	+0.074%	$780	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.36	+0.020%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.72	+0.069%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.07	+0.116%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.08	+0.117%	$763K	$3.0M	20x	as long as short
QFEX META-USDshort	+0.0032%	1h	741.60	+0.053%	$2.1M	$13.7M	10x
Arcus META-USD	+0.0040%	1h	741.38	+0.023%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.05	+0.113%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.88	+0.090%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.63	+0.057%	$559K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.92	+0.096%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	741.21	long leg	$705K	$4.2M	10x
Paradex META-USD-PERP	+0.0056%	8h	741.64	+0.058%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	742.58	+0.185%	$49K	$81K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.082%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.96	+0.101%	$1.6M	$504K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.18	−0.004%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.80	+0.080%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.64	+0.058%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0208%	1h	742.10	+0.120%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.36	+0.425%	$172K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	742.07	+0.116%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0328%	1h	742.02	+0.109%	$68.8M	$119.8M	20x	as long as short
Phoenix META	+0.0496%	1h	742.71	+0.202%	$491K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0529%	4h	741.87	+0.090%	$62K	$335K	10x	as long as short