META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%

Price spread now: Coinbase International against SoDEX−0.072%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 Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 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. Coinbase International is 0.072% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	745.46	0.0050	pay 0.0006% / 1h	55m 27s	$25K	$3K	10x
Short	Coinbase International META-PERP-INTX	744.92	0.0096	get 0.0012% / 1h	55m 27s	$641K	$7.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.072%Rate

Funding earned: $9.66
Price spread: −0.072% → 0.000%: −$7.24
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.58
Costs to cover: 0.180%
Break-even: 18.3 days

Slippage unknown: SoDEX: no order-book sample; Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	3.02 bp	8.0 bp −$8	10.1 bp −$101	doesn't fit	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 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	745.62	+0.021%	$335K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.92	−0.073%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.98	−0.065%	$546K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.16	−0.040%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.45	−0.001%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.48	−0.131%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.87	−0.079%	$448K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.78	−0.091%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.38	−0.011%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.62	+0.021%	$12K	$438K	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	745.66	+0.027%	$720	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.14	−0.043%	$36K	$269K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.32	−0.019%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.45	−0.001%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.38	−0.011%	$813K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.83	−0.085%	$111K	$315K	10x	as long as short
QFEX META-USD	+0.0041%	1h	745.04	−0.056%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.90	−0.075%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.16	−0.040%	$179K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.83	−0.085%	$566K	$609K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	745.46	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	744.75	−0.095%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	744.99	−0.063%	—	—	5x	as long as short
Nado META-PERP	+0.0076%	1h	744.05	−0.189%	$478K	$559K	20x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	745.92	+0.061%	$51K	$91K	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0096%	1h	744.92	−0.072%	$641K	$7.8M	10x
Pacifica META	+0.0100%	1h	745.35	−0.014%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.35	−0.015%	$1.6M	$803K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.91	−0.074%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.017%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.40	−0.008%	$268	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.117%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0280%	1h	745.33	−0.017%	$33K	$105	20x	as long as short
Lighter META	+0.0288%	1h	745.52	+0.008%	$1.2M	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0343%	1h	745.37	−0.012%	$86.4M	$134.8M	20x	as long as short
edgeX METAUSDC	+0.0473%	4h	745.31	−0.019%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.65	+0.160%	$797K	$1.5M	20x	as long as short