META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0219%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.040%

Price spread now: tradeXYZ against QFEX+0.001%49s7-day average −0.014% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.326% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.001%, 7d avg −0.014%

Together, before fees+0.061%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 49 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	QFEX META-USD	740.05	0.0025	pay 0.0003% / 1h	14m 47s	$2.2M	$13.9M	10x
Short	tradeXYZ xyz:META	740.06	0.0244	get 0.0031% / 1h	14m 47s	$68.3M	$120.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against QFEX. 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 QFEXbpFee tradeXYZbpOrdersPrice spread, now +0.001%Rate

Funding earned: $45.97
Price spread: +0.001% → −0.014%: $1.51
Slippage, 4 orders: −$4.63
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $14.85
Costs to cover: 0.326%
Break-even: 4.7 days

Slippage from QFEX: live order book, 4 min ago; tradeXYZ: live order book, 5 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 QFEX live order book, 4 min ago	1.55 bp	6.6 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.41 bp	9.7 bp −$10	10.4 bp −$104	doesn't fit	doesn't fit

META on 35 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
Nado META-PERP	−0.0120%	1h	739.73	−0.043%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.72	+0.091%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.94	−0.015%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.12	+0.009%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.02	−0.004%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	+0.027%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.78	−0.036%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.031%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.06	+0.001%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.16	+0.015%	$12K	$433K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	739.93	−0.016%	$959	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.59	−0.062%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.12	+0.009%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.23	+0.024%	$2.0M	$8K	10x	as long as short
QFEX META-USDlong	+0.0025%	1h	740.05	long leg	$2.2M	$13.9M	10x
Lighter RH META	+0.0032%	1h	740.35	+0.041%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.74	−0.042%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.31	+0.035%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.12	+0.009%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.86	−0.026%	$557K	$701K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.08	+0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.55	−0.068%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.89	−0.021%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.89	+0.113%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.18	+0.018%	$1.6M	$487K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.74	−0.042%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.05	0.000%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.96	−0.013%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.082%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.27	+0.030%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.13	+0.011%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.320%	$171K	$48K	30x	as long as short
tradeXYZ xyz:METAshort	+0.0244%	1h	740.06	+0.001%	$68.3M	$120.0M	20x
Phoenix META	+0.0313%	1h	740.85	+0.108%	$438K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	739.98	−0.010%	$62K	$336K	10x	as long as short