META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0345%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h +0.076%

Price spread now: Extended against tradeXYZ+0.013%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on tradeXYZ Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.377%−$38 · spread now +0.013%, 7d avg +0.019%

Together, before fees−0.410%+ Points / potential airdroptradeXYZ: Active · Extended: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	746.23	0.0345	pay 0.0043% / 1h	37m 10s	$70.4M	$121.1M	20x
Short	Extended META_24_5-USD	746.33	0	get 0.0000% / 1h	37m 10s	$553K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$72.42
Price spread: +0.013% → +0.019%: −$0.59
Slippage, 4 orders: −$7.42
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$103.42
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Extended: live order book, 2 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, 3 min ago	0.27 bp	9.5 bp −$10	12.1 bp −$121	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.54 bp	6.0 bp −$6	31.8 bp −$318	doesn't fit	doesn't fit

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	746.75	+0.070%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0020%	1h	745.99	−0.032%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.91	−0.042%	$470K	$555K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	746.33	+0.013%	$553K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	746.52	+0.038%	$28.5M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.63	+0.054%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.38	+0.020%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.82	−0.055%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.53	+0.040%	$5.5M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.02	−0.028%	$2.4M	$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	745.49	−0.099%	$12K	$454K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.31	+0.011%	$1K	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.97	−0.035%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.22	−0.001%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.18	−0.007%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.65	+0.056%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.56	−0.090%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.30	+0.009%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.08	−0.020%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.45	+0.029%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.77	−0.062%	$786K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.20	−0.004%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0072%	1h	746.53	+0.040%	$180K	$199K	20x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.28	+0.007%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0094%	8h	746.33	+0.013%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.99	−0.032%	$1.6M	$608K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.64	−0.213%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.36	+0.017%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.32	+0.012%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.37	−0.115%	$618K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.99	−0.166%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	746.60	+0.050%	$866K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0256%	1h	746.37	+0.019%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0262%	4h	745.37	−0.115%	$62K	$337K	10x	as long as short
tradeXYZ xyz:METAlong	+0.0345%	1h	746.23	long leg	$70.4M	$121.1M	20x
Phoenix META	+0.0633%	1h	746.50	+0.036%	$786K	$1.4M	20x	as long as short