Funding arb · Price arb /

META

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Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0078%/8hnext payment +$0.10 per $10,000 · paid last 24h +0.045%

Price spread now: Arcus against SoDEX−0.210%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Arcus is 0.210% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.210% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 9.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	751.37	0.0050	pay 0.0006% / 1h	21m 20s	$25K	$3K	10x
Short	Arcus META-USD	749.79	0.0128	get 0.0016% / 1h	21m 20s	$266K	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. 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 SoDEXbpFee ArcusbpOrdersPrice spread, now −0.210%Rate

Funding earned: $16.41
Price spread: −0.210% → 0.000%: −$21.03
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$17.12
Costs to cover: 0.125%
Break-even: 14.3 days

Slippage unknown: SoDEX: no order-book sample; Arcus: live order book, 11 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Arcus live order book, 11 min ago	0.67 bp	5.2 bp −$5	9.3 bp −$93	13.9 bp −$1,389	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff META-PERP	−0.0128%	1h	749.81	−0.208%	$34K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	751.70	+0.044%	$337K	$1.1M	20x	as long as short
Phoenix META	−0.0021%	1h	751.22	−0.020%	$319K	$622K	20x	as long as short
Aster METAUSDT	0.0000%	8h	750.05	−0.175%	$461K	$451K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	749.82	−0.206%	$561K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	750.19	−0.157%	$27.9M	$165.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	750.22	−0.153%	$8.1M	$12.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	750.49	−0.117%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	749.55	−0.242%	$336K	$5.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	749.81	−0.208%	$6.0M	$9.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	749.56	−0.241%	$1.6M	$2.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	751.51	+0.019%	$13K	$528K	10x	as long as short
SunX META-USDT	0.0000%	8h	751.30	−0.009%	$782	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	751.15	−0.029%	$107K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	751.69	+0.043%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0002%	1h	749.52	−0.247%	$402K	$227K	20x	as long as short
QFEX META-USD	+0.0012%	1h	749.99	−0.184%	$2.3M	$13.5M	10x	as long as short
Lighter META	+0.0032%	1h	750.10	−0.169%	$877K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	750.11	−0.168%	$741K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	750.75	−0.083%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	749.89	−0.197%	$175K	$194K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	751.10	−0.036%	$651K	$6.9M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	750.00	−0.182%	$72.1M	$111.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	750.02	−0.180%	$546K	$836K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	751.37	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	749.47	−0.253%	$716K	$3.8M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	749.89	−0.196%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	749.58	−0.238%	$1.6M	$302K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	749.92	−0.193%	$168K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	750.24	−0.150%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	751.17	−0.026%	$270	—	10x	as long as short
Arcus META-USDshort	+0.0128%	1h	749.79	−0.210%	$266K	$311K	10x
Injective META/USDC PERP	+0.0220%	1h	752.38	+0.134%	$171K	$43K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0269%	1h	751.27	−0.013%	$28K	$259K	10x	as long as short
edgeX METAUSDC	+0.0272%	4h	752.12	+0.100%	$63K	$329K	10x	as long as short
Aftermath Perps METAUSD	+0.0340%	1h	750.52	−0.113%	$42K	$49K	10x	as long as short