Funding you earn now, next payment 02:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h +0.045%
Price spread now: edgeX against tradeXYZ−0.038%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days+0.387%+$39 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.038%, 7d avg +0.020%
=Together, before fees+0.371%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 0.057% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.387%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:META | 740.27 | 0.0242 | pay 0.0030% / 1h | 13m 31s | $68.3M | $120.0M | 20x |
| Short | edgeX METAUSDC | 739.99 | 0.0066 | get 0.0033% / 4h | 2h 13m | $62K | $337K | 10x |
tradeXYZ xyz:META
edgeX METAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.97
- Price spread: −0.038% → +0.020%
- −$5.75
- Slippage, 4 orders
- −$12.03
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$81.75
- Costs to cover
- 0.390%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; edgeX: live order book, 55 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, 6 min ago | 0.41 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 55 min ago | 5.13 bp | 9.8 bp −$10 | 11.3 bp −$113 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | −0.0128% | 1h | 739.69 | −0.078% | $31K | $244K | 10x | as long as short |
| Nado META-PERP | −0.0120% | 1h | 740.05 | −0.030% | $478K | $549K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.86 | +0.080% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.00 | −0.036% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.28 | +0.001% | $27.3M | $179.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.13 | −0.019% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.25 | −0.003% | $5.9M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.87 | −0.054% | $352K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.28 | +0.001% | $5.5M | $11.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.06 | −0.029% | $2.3M | $3.1M | — | as long as short |
Deribit META_USDC-PERPETUAL
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.19 | −0.011% | $12K | $434K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.06 | −0.028% | $914 | $9.2M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.95 | −0.043% | $105K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.23 | −0.005% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 740.22 | −0.007% | $2.2M | $13.9M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.40 | +0.018% | $750K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 739.73 | −0.073% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.54 | +0.036% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.22 | −0.007% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.20 | −0.009% | $558K | $547K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.19 | −0.011% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.36 | −0.123% | $697K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 740.12 | −0.020% | — | — | 5x | as long as short |
| edgeX METAUSDCshort | +0.0066% | 4h | 739.99 | −0.038% | $62K | $337K | 10x | |
| Aftermath Perps METAUSD | +0.0071% | 1h | 740.88 | +0.083% | $49K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.33 | +0.008% | $1.6M | $487K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.61 | −0.089% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.21 | −0.008% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.98 | −0.039% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 740.66 | +0.053% | $609K | $7.2M | 10x | as long as short |
| Lighter META | +0.0136% | 1h | 740.44 | +0.023% | $860K | $2.4M | 20x | as long as short |
| Hotstuff META-PERP | +0.0160% | 1h | 740.27 | 0.000% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 742.42 | +0.290% | $171K | $48K | 30x | as long as short |
| tradeXYZ xyz:METAlong | +0.0242% | 1h | 740.27 | long leg | $68.3M | $120.0M | 20x | |
| Phoenix META | +0.0313% | 1h | 740.85 | +0.078% | $438K | $1.1M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Lighter META
Hotstuff META-PERP
Injective META/USDC PERP
Phoenix META