META

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.042%

Price spread now: Phoenix against SoDEX+0.070%70s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Phoenix

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.070% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	SoDEX META-USD	742.49	0.0050	pay 0.0006% / 1h	36m 23s	$24K	$3K	10x
Short	Phoenix META	743.01	0.0129	get 0.0016% / 1h	36m 23s	$292K	$797K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.070%Rate

Funding earned: $16.66
Price spread: +0.070% → 0.000%: $7
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $8.66
Costs to cover: 0.150%
Break-even: 3.4 days

Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 42 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 Phoenix live order book, 42 min ago	2.29 bp	8.5 bp −$8	16.3 bp −$163	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 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	742.75	+0.035%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0066%	1h	742.43	−0.008%	$390K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.64	+0.020%	$458K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.34	−0.020%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.47	−0.003%	$27.3M	$179.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.42	−0.009%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.49	0.000%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.25	−0.032%	$346K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.31	−0.024%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.68	+0.026%	$2.3M	$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	743.64	+0.155%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.49	0.000%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.41	−0.011%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.51	+0.137%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	742.43	−0.008%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	742.99	+0.067%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.28	−0.028%	$110K	$469K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.85	+0.048%	—	$11K	25x	as long as short
Deribit META_USDC-PERPETUAL	+0.0047%	1h	742.13	−0.048%	$30K	$257K	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.53	+0.005%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.44	−0.007%	$542K	$841K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	742.49	long leg	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	742.12	−0.050%	$762K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	742.59	+0.013%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0063%	1h	743.22	+0.098%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.106%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.49	0.000%	$1.6M	$381K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.97	+0.065%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.62	+0.018%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.45	−0.005%	$267	—	10x	as long as short
Phoenix METAshort	+0.0129%	1h	743.01	+0.070%	$292K	$797K	20x
Lighter META	+0.0136%	1h	742.96	+0.063%	$859K	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.91	+0.057%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0169%	4h	743.39	+0.121%	$62K	$331K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.450%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0236%	1h	742.53	+0.005%	$67.6M	$122.3M	20x	as long as short