Funding you earn now, next payment 04:00 UTC−0.0583%/8h= −63.8% APRnext payment −$0.73 per $10,000 · paid last 24h −0.053%
Price spread now: SoDEX against Phoenix−0.072%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$17 a day on $10k at the current rate, and SoDEX is 0.072% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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 | 747.45 | 0.0633 | pay 0.0079% / 1h | 13m 38s | $798K | $1.4M | 20x |
| Short | SoDEX META-USD | 746.91 | 0.0050 | get 0.0006% / 1h | 13m 38s | $25K | $3K | 10x |
Phoenix META
SoDEX META-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$122.43
- Price spread: −0.072% → 0.000%
- −$7.22
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$144.65
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 5 min ago; SoDEX: 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, 5 min ago | 2.41 bp | 8.9 bp −$9 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | 746.68 | −0.103% | $331K | $1.1M | 20x | as long as short |
| Nado META-PERP | 0.0000% | 1h | 746.62 | −0.112% | $483K | $554K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.67 | −0.104% | $492K | $577K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 746.97 | −0.065% | $554K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 747.18 | −0.036% | $28.5M | $182.3M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 747.43 | −0.003% | $7.5M | $14.5M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 747.27 | −0.024% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 746.63 | −0.110% | $381K | $5.8M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 746.53 | −0.123% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.37 | −0.144% | $13K | $452K | 10x | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_PerpShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 747.17 | −0.037% | $997 | $8.9M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 746.45 | −0.134% | $31K | $247K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 746.83 | −0.083% | $106K | $303K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 747.53 | +0.011% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 747.38 | −0.009% | $783K | $2.9M | 20x | as long as short |
| Bitget METAUSDT | +0.0037% | 8h | 747.14 | −0.041% | $5.5M | $11.8M | 100x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 746.33 | −0.150% | $111K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 747.11 | −0.045% | — | $10K | 25x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 747.06 | −0.052% | $588K | $565K | 10x | as long as short |
| SoDEX META-USDshort | +0.0050% | 1h | 746.91 | −0.072% | $25K | $3K | 10x | |
| Ondo Perps META-USD.P | +0.0050% | 1h | 746.74 | −0.095% | $787K | $4.6M | 10x | as long as short |
| QFEX META-USD | +0.0058% | 1h | 747.01 | −0.059% | $2.2M | $13.7M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0060% | 8h | 747.21 | −0.032% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0084% | 1h | 747.00 | −0.060% | $52K | $82K | 10x | as long as short |
| edgeX METAUSDC | +0.0085% | 4h | 746.26 | −0.159% | $62K | $339K | 10x | as long as short |
| Popdex METAUSDT | +0.0096% | 1h | 747.19 | −0.035% | $180K | $200K | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 746.82 | −0.084% | $1.6M | $619K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.61 | −0.246% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 746.78 | −0.090% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 746.70 | −0.100% | $269 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 746.89 | −0.075% | $651K | $7.5M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 748.48 | +0.138% | $173K | $48K | 30x | as long as short |
| Hotstuff META-PERP | +0.0240% | 1h | 746.74 | −0.095% | $33K | $105 | 20x | as long as short |
| Lighter META | +0.0280% | 1h | 747.28 | −0.023% | $868K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0325% | 1h | 747.38 | −0.009% | $71.1M | $121.3M | 20x | as long as short |
| Phoenix METAlong | +0.0633% | 1h | 747.45 | long leg | $798K | $1.4M | 20x |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Bitget METAUSDT
Arcus META-USD
Vest META-USD-PERP
Polymarket Perps META-USD
Ondo Perps META-USD.P
QFEX META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
edgeX METAUSDC
Popdex METAUSDT
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Hotstuff META-PERP
Lighter META
tradeXYZ xyz:META