META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.019%

Price spread now: QFEX against Popdex−0.025%7-day average −0.006% · 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−$24as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Popdex Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.025%, 7d avg −0.006%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.058%, 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	745.90	0.0048	pay 0.0006% / 1h	43m 19s	$180K	$199K	20x
Short	QFEX META-USD	745.71	0.0058	get 0.0007% / 1h	43m 19s	$2.2M	$13.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $2.02
Price spread: −0.025% → −0.006%: −$1.96
Slippage, 4 orders: −$5.92
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.26
Costs to cover: 0.223%
Break-even: 84.3 days

Slippage from Popdex: live order book, 10 min ago; QFEX: live order book, 11 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, 10 min ago	0.34 bp	4.1 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.95 bp	6.9 bp −$7	9.2 bp −$92	21.2 bp −$2,123	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	745.26	−0.086%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0021%	1h	745.38	−0.069%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.27	−0.084%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.82	−0.010%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.00	+0.014%	$28.5M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.64	−0.035%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.99	+0.012%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.19	−0.095%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.93	+0.004%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.99	−0.121%	$2.4M	$3.2M	—	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	745.25	−0.087%	$12K	$451K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.27	−0.084%	$821	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.85	−0.141%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.23	−0.090%	$106K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.19	−0.095%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.99	+0.012%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.75	−0.154%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.96	+0.008%	—	$10K	25x	as long as short
Popdex METAUSDTlong	+0.0048%	1h	745.90	long leg	$180K	$199K	20x
Polymarket Perps META-USD	+0.0050%	1h	745.55	−0.047%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.33	−0.076%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.20	−0.228%	$801K	$4.6M	10x	as long as short
QFEX META-USDshort	+0.0058%	1h	745.71	−0.025%	$2.2M	$13.7M	10x
Aftermath Perps METAUSD	+0.0084%	1h	745.52	−0.050%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0094%	8h	745.70	−0.027%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.46	−0.059%	$1.6M	$604K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.39	−0.202%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.87	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.73	−0.023%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.67	−0.165%	$618K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.170%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	745.33	−0.076%	$33K	$105	20x	as long as short
Lighter META	+0.0240%	1h	746.03	+0.017%	$865K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0338%	1h	746.09	+0.025%	$70.2M	$121.1M	20x	as long as short
Phoenix META	+0.0633%	1h	746.12	+0.029%	$773K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0979%	4h	744.81	−0.146%	$62K	$339K	10x	as long as short