META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0639%/8h= −70.0% APRnext payment −$0.80 per $10,000 · paid last 24h +0.006%

Price spread now: Arcus against tradeXYZ−0.007%7-day average −0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on tradeXYZ Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.007%, 7d avg −0.004%

Together, before fees+0.053%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.016% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.80 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	tradeXYZ xyz:META	745.94	0.0679	pay 0.0085% / 1h	59m 13s	$84.7M	$132.6M	20x
Short	Arcus META-USD	745.89	0.0040	get 0.0005% / 1h	59m 13s	$112K	$338K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against tradeXYZ. 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 tradeXYZbpFee ArcusbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$134.16
Price spread: −0.007% → −0.004%: −$0.27
Slippage, 4 orders: −$18.42
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$175.36
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Arcus: live order book, 39 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 tradeXYZ live order book, 11 min ago	0.47 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 39 min ago	2.55 bp	10.9 bp −$11	14.7 bp −$147	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	745.35	−0.079%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.00	+0.008%	$480K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.71	−0.031%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.86	−0.011%	$25.4M	$190.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.47	−0.063%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.16	−0.105%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.74	−0.027%	$476K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.36	−0.078%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	747.50	+0.210%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.70	+0.236%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado META-PERP	0.0000%	1h	745.75	−0.025%	$481K	$560K	20x	as long as short
SunX META-USDT	0.0000%	8h	745.80	−0.019%	$693	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.80	−0.019%	$50K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.34	+0.054%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.18	+0.032%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.77	−0.023%	$2.2M	$14.1M	10x	as long as short
Arcus META-USDshort	+0.0040%	1h	745.89	−0.007%	$112K	$338K	10x
Vest META-USD-PERP	+0.0046%	1h	746.26	+0.043%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.02	−0.123%	$567K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.29	−0.087%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.11	+0.023%	$729K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.87	−0.010%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.41	+0.063%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.59	+0.087%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.26	+0.043%	$1.6M	$735K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.64	+0.094%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.97	+0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.77	−0.023%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	745.39	−0.074%	$642K	$7.9M	10x	as long as short
Lighter RH META	+0.0168%	1h	745.61	−0.044%	$795K	$2.9M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.076%	$176K	$52K	30x	as long as short
Lighter META	+0.0272%	1h	745.88	−0.008%	$1.1M	$2.8M	20x	as long as short
Popdex METAUSDT	+0.0408%	1h	745.96	+0.003%	$177K	$202K	20x	as long as short
tradeXYZ xyz:METAlong	+0.0679%	1h	745.94	long leg	$84.7M	$132.6M	20x
Phoenix META	+0.0750%	1h	748.38	+0.327%	$799K	$1.5M	20x	as long as short
Hotstuff META-PERP	+0.0776%	1h	746.46	+0.070%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0907%	4h	746.95	+0.135%	$62K	$345K	10x	as long as short