META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h +0.019%

Price spread now: Extended against Popdex−0.034%7-day average −0.033% · 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−$18as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Popdex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.034%, 7d avg −0.033%

Together, before fees+0.006%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.074%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	744.44	0.0120	pay 0.0015% / 1h	50m 05s	$177K	$203K	20x
Short	Extended META_24_5-USD	744.19	0	get 0.0000% / 1h	50m 05s	$547K	$2.5M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$25.2
Price spread: −0.034% → −0.033%: −$0.07
Slippage, 4 orders: −$6.62
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$43.29
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from Popdex: live order book, 54 min ago; Extended: live order book, 3 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, 54 min ago	0.27 bp	4.1 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.13 bp	5.1 bp −$5	24.0 bp −$240	doesn't fit	doesn't fit

META on 37 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	744.62	+0.024%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.56	+0.151%	$479K	$593K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	744.19	−0.034%	$547K	$2.5M	17x
Binance METAUSDT	0.0000%	8h	744.43	−0.001%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.32	−0.016%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.51	+0.009%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.00	−0.059%	$465K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.38	−0.008%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.33	−0.015%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.24	+0.107%	$13K	$436K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.52	+0.011%	$1K	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.81	−0.085%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.27	−0.023%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.18	+0.099%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.25	−0.026%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.61	+0.023%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.63	+0.026%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.94	−0.067%	$564K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.36	−0.011%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.78	−0.089%	$728K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	744.20	−0.032%	—	—	5x	as long as short
Lighter RH META	+0.0072%	1h	744.61	+0.023%	$788K	$3.1M	20x	as long as short
Nado META-PERP	+0.0076%	1h	743.91	−0.071%	$479K	$560K	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.19	+0.101%	$52K	$81K	10x	as long as short
Pacifica META	+0.0100%	1h	744.47	+0.005%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.45	+0.001%	$1.6M	$707K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.40	−0.005%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.32	−0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.26	−0.024%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.65	+0.028%	$654K	$7.9M	10x	as long as short
Popdex METAUSDTlong	+0.0120%	1h	744.44	long leg	$177K	$203K	20x
Injective META/USDC PERP	+0.0220%	1h	748.52	+0.548%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0274%	4h	745.01	+0.077%	$62K	$344K	10x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.75	+0.042%	$33K	$105	20x	as long as short
Lighter META	+0.0496%	1h	744.82	+0.051%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0551%	1h	744.75	+0.042%	$80.5M	$129.2M	20x	as long as short
Phoenix META	+0.0750%	1h	746.46	+0.271%	$797K	$1.5M	20x	as long as short