META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.013%

Price spread now: Coinbase International against Popdex−0.084%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Popdex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.146%−$15 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.084%, 7d avg −0.107%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.023% dearer against Popdex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.107%. Mind the row above: over the last 4 days funding on this pair cost −0.146%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	747.91	0.0096	pay 0.0012% / 1h	7m 21s	$180K	$199K	20x
Short	Coinbase International META-PERP-INTX	747.28	0.0128	get 0.0016% / 1h	7m 21s	$662K	$7.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Popdex. 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 PopdexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.084%Rate

Funding earned: $6.72
Price spread: −0.084% → −0.107%: $2.33
Slippage, 4 orders: −$6.83
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$14.19
Costs to cover: 0.232%
Break-even: 21.8 days

Slippage from Popdex: live order book, 46 min ago; Coinbase International: live order book, 2 min ago.

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 Popdex live order book, 46 min ago	0.34 bp	4.1 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.01 bp	7.8 bp −$8	12.3 bp −$123	doesn't fit	doesn't fit

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	747.56	−0.047%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	747.45	−0.061%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.33	−0.077%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.64	−0.036%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.87	−0.006%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.86	−0.007%	$7.5M	$14.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.93	+0.003%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.28	−0.084%	$427K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	748.56	+0.086%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.65	−0.035%	$12K	$448K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.48	−0.057%	$946	$8.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.73	−0.158%	$31K	$252K	10x	as long as short
HTX META-USDT	0.0000%	8h	748.24	+0.044%	$107K	$304K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.53	−0.051%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	748.00	+0.012%	$771K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.39	−0.070%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.79	−0.016%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.37	−0.072%	$588K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.67	−0.032%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.09	−0.110%	$773K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.45	−0.062%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	747.63	−0.038%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	748.25	+0.046%	$52K	$82K	10x	as long as short
Bitget METAUSDT	+0.0088%	8h	747.90	−0.001%	$5.5M	$11.9M	100x	as long as short
Popdex METAUSDTlong	+0.0096%	1h	747.91	long leg	$180K	$199K	20x
KuCoin METAUSDTM	+0.0100%	8h	747.76	−0.020%	$1.6M	$623K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	747.06	−0.114%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.43	−0.064%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.24	−0.090%	$269	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0128%	1h	747.28	−0.084%	$662K	$7.5M	10x
Injective META/USDC PERP	+0.0220%	1h	750.75	+0.380%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0248%	1h	748.02	+0.015%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	747.97	+0.008%	$903K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0339%	1h	748.00	+0.012%	$72.0M	$121.7M	20x	as long as short
Phoenix META	+0.0633%	1h	749.25	+0.179%	$800K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0974%	4h	747.99	+0.011%	$62K	$338K	10x	as long as short