META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: SunX against Orderly+0.023%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.023% dearer against Orderly than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	745.90	0.0100	pay 0.0100% / 8h	1h 51m	$1K	$24	10x
Short	SunX META-USDT	746.07	0	get 0.0000% / 8h	1h 51m	$638	$8.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Orderly. 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 OrderlybpFee SunXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$21
Price spread: +0.023% → 0.000%: $2.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.72
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 7 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 Orderly no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	28.07 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit

Orderly: 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	746.00	+0.013%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0050%	1h	745.67	−0.031%	$483K	$558K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.70	−0.027%	$479K	$592K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.97	+0.009%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.05	+0.020%	$27.0M	$184.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.04	+0.019%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.02	+0.016%	$6.1M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.50	−0.054%	$436K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.05	+0.020%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.55	−0.046%	$2.4M	$3.3M	—	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	746.19	+0.038%	$12K	$438K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	746.07	+0.023%	$638	$8.3M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.67	−0.031%	$31K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.96	+0.008%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.18	+0.038%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	746.10	+0.027%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.25	+0.047%	$788K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.63	−0.036%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.42	+0.070%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.20	+0.040%	$178K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.80	−0.013%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.11	+0.028%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.81	−0.012%	$711K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.85	−0.006%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.79	+0.120%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.91	+0.001%	$1.6M	$666K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.09	−0.109%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	745.90	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	745.96	+0.007%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.35	−0.074%	$670K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.967%	$174K	$46K	30x	as long as short
edgeX METAUSDC	+0.0291%	4h	745.74	−0.022%	$62K	$342K	10x	as long as short
Lighter META	+0.0368%	1h	746.41	+0.068%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.43	+0.071%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0570%	1h	746.46	+0.075%	$76.7M	$126.7M	20x	as long as short
Phoenix META	+0.0739%	1h	747.55	+0.221%	$798K	$1.5M	20x	as long as short