META

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0509%/8h= −55.8% APRnext payment −$0.64 per $10,000 · paid last 24h −0.062%

Price spread now: Aevo against Phoenix−0.088%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aevo

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

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aevo is 0.088% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix META	740.46	0.0613	pay 0.0077% / 1h	5m 12s	$791K	$1.5M	20x
Short	Aevo META-PERP	739.81	0.0104	get 0.0013% / 1h	5m 12s	$266	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.088%Rate

Funding earned: −$106.98
Price spread: −0.088% → 0.000%: −$8.84
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$138.81
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 1 min ago; Aevo: no order-book sample. 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 Phoenix live order book, 1 min ago	0.68 bp	6.1 bp −$6	18.3 bp −$183	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	739.81	−0.088%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.14	−0.043%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.00	−0.062%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.71	−0.101%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.98	−0.064%	$25.3M	$190.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.83	−0.085%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.96	−0.068%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.96	−0.068%	$467K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.84	−0.084%	$5.7M	$12.0M	100x	as long as short
Variational Omni META	0.0000%	8h	739.78	−0.091%	$2.6M	$3.1M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.12	−0.046%	$12K	$427K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.04	−0.057%	$632	$6.8M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.80	−0.089%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.03	−0.058%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.14	−0.043%	$856K	$2.9M	20x	as long as short
QFEX META-USD	+0.0038%	1h	739.86	−0.081%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	739.50	−0.130%	$111K	$291K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.05	−0.055%	—	$11K	25x	as long as short
Deribit META_USDC-PERPETUAL	+0.0048%	1h	739.49	−0.131%	$36K	$208K	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.55	−0.123%	$557K	$595K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.82	−0.086%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.42	−0.140%	$753K	$5.1M	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	739.76	−0.095%	$645K	$7.2M	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	739.71	−0.102%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	740.61	+0.020%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	739.30	−0.156%	$609	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.00	−0.062%	$1.6M	$922K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.42	−0.140%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.89	−0.077%	$1K	$338	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	739.81	−0.088%	$266	—	10x
Nado META-PERP	+0.0125%	1h	739.44	−0.138%	$474K	$535K	20x	as long as short
Popdex METAUSDT	+0.0144%	1h	739.91	−0.074%	$178K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.41	+0.128%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0321%	1h	739.84	−0.084%	$86.9M	$136.0M	20x	as long as short
Lighter META	+0.0368%	1h	740.09	−0.050%	$1.2M	$2.7M	20x	as long as short
edgeX METAUSDC	+0.0568%	4h	740.12	−0.045%	$62K	$349K	10x	as long as short
Phoenix METAlong	+0.0613%	1h	740.46	long leg	$791K	$1.5M	20x