META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.040%

Price spread now: tradeXYZ against Popdex+0.015%7-day average −0.030% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Popdex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.385%−$38 · spread now +0.015%, 7d avg −0.030%

Together, before fees−0.334%+ Points / potential airdroptradeXYZ: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and tradeXYZ is 0.045% dearer against Popdex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.030%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.050% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	743.93	0.0048	pay 0.0006% / 1h	34m 20s	$180K	$204K	20x
Short	tradeXYZ xyz:META	744.04	0.0280	get 0.0035% / 1h	34m 20s	$84.4M	$132.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.015%Rate

Funding earned: $48.8
Price spread: +0.015% → −0.030%: $4.46
Slippage, 4 orders: −$5.53
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $23.34
Costs to cover: 0.299%
Break-even: 3.7 days

Slippage from Popdex: live order book, 64 min ago; tradeXYZ: live order book, 4 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, 64 min ago	0.87 bp	5.7 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.54 bp	9.7 bp −$10	doesn't fit	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	743.30	−0.085%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0017%	1h	743.80	−0.017%	$478K	$562K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.50	+0.077%	$488K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.48	−0.060%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.79	−0.019%	$25.8M	$191.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.90	−0.004%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.17	+0.032%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.57	−0.048%	$476K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.09	+0.022%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	743.29	−0.086%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.50	−0.058%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.07	+0.019%	$1K	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.49	−0.059%	$44K	$287K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.02	−0.122%	$107K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.47	−0.062%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.31	+0.051%	$794K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.01	+0.011%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.72	−0.028%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.23	+0.040%	—	$12K	25x	as long as short
Popdex METAUSDTlong	+0.0048%	1h	743.93	long leg	$180K	$204K	20x
Polymarket Perps META-USD	+0.0050%	1h	743.69	−0.032%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.15	−0.105%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.49	−0.059%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.24	−0.093%	—	—	5x	as long as short
edgeX METAUSDC	+0.0079%	4h	743.33	−0.081%	$63K	$346K	10x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.92	−0.002%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	743.01	−0.123%	$626	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.82	−0.015%	$1.6M	$764K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.58	−0.181%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.84	−0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.60	−0.044%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	742.98	−0.128%	$635K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.238%	$176K	$52K	30x	as long as short
tradeXYZ xyz:METAshort	+0.0280%	1h	744.04	+0.015%	$84.4M	$132.9M	20x
Lighter META	+0.0288%	1h	743.66	−0.036%	$1.2M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	743.49	−0.059%	$33K	$105	20x	as long as short
Phoenix META	+0.0791%	1h	744.37	+0.059%	$795K	$1.5M	20x	as long as short