META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0654%/8h= −71.6% APRnext payment −$0.82 per $10,000 · paid last 24h −0.036%

Price spread now: Aftermath Perps against Phoenix−0.118%63s7-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 Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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 −$20 a day on $10k at the current rate, and Aftermath Perps is 0.118% cheaper against Phoenix than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix META	747.27	0.0739	pay 0.0092% / 1h	46m 14s	$798K	$1.5M	20x
Short	Aftermath Perps METAUSD	746.39	0.0085	get 0.0011% / 1h	46m 14s	$52K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$137.36
Price spread: −0.118% → 0.000%: −$11.83
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$165.18
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 2 min ago; Aftermath Perps: 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, 2 min ago	2.41 bp	8.7 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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	745.51	−0.236%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0029%	1h	745.19	−0.278%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.42	−0.248%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.36	−0.256%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.52	−0.235%	$26.6M	$187.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.38	−0.253%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.62	−0.221%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.83	−0.327%	$458K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.47	−0.241%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.83	−0.193%	$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	746.06	−0.163%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.38	−0.253%	$908	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.37	−0.254%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.95	−0.177%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.32	−0.261%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0040%	1h	745.84	−0.191%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.24	−0.272%	$110K	$333K	10x	as long as short
edgeX METAUSDC	+0.0041%	4h	745.73	−0.207%	$62K	$344K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.73	−0.206%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.50	−0.237%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.08	−0.293%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.50	−0.237%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.87	−0.321%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	745.42	−0.248%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0085%	1h	746.39	−0.118%	$52K	$81K	10x
KuCoin METAUSDTM	+0.0100%	8h	745.57	−0.227%	$1.6M	$669K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.13	−0.286%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.48	−0.240%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.37	−0.255%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	−0.246%	$650K	$7.9M	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0193%	1h	745.39	−0.252%	$34K	$270K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.782%	$174K	$46K	30x	as long as short
Lighter META	+0.0384%	1h	745.96	−0.175%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0456%	1h	745.84	−0.191%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0561%	1h	745.78	−0.199%	$76.9M	$127.0M	20x	as long as short
Phoenix METAlong	+0.0739%	1h	747.27	long leg	$798K	$1.5M	20x