META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.011%

Price spread now: Injective against tradeXYZ+0.298%54s7-day average +0.315% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.794% of the position

Long on tradeXYZ Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.298%, 7d avg +0.315%

Together, before fees+0.302%+ Points / potential airdroptradeXYZ: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.315%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.277%, so the current rate has only just turned against you. The two prices were read 54 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	tradeXYZ xyz:META	742.26	0.0282	pay 0.0035% / 1h	34m 16s	$69.4M	$120.3M	20x
Short	Injective META/USDC PERP	744.47	0.0220	get 0.0028% / 1h	34m 16s	$172K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.298%Rate

Funding earned: −$12.97
Price spread: +0.298% → +0.315%: −$1.68
Slippage, 4 orders: −$61.39
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$94.06
Costs to cover: 0.794%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Injective: live order book, 24 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, 5 min ago	0.47 bp	10.1 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Injective live order book, 24 min ago	17.52 bp	41.9 bp −$42	doesn't fit	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	742.39	+0.018%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0030%	1h	741.72	−0.073%	$479K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.32	+0.008%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.01	−0.033%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.20	−0.008%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.10	−0.022%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.09	−0.023%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.85	−0.055%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.32	+0.008%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.38	+0.016%	$2.4M	$3.1M	—	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	742.46	+0.027%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.36	+0.013%	$766	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.71	−0.074%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.97	−0.039%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.45	+0.026%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.40	+0.019%	$767K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.23	−0.004%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.99	−0.036%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.35	+0.012%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.19	−0.009%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.95	−0.042%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.19	−0.009%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.77	−0.066%	$709K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	742.00	−0.036%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.15	+0.120%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.39	+0.018%	$1.6M	$543K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.70	−0.075%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.20	−0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.05	−0.029%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.032%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.43	+0.023%	$33K	$105	20x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	744.47	+0.298%	$172K	$48K	30x
Lighter META	+0.0248%	1h	742.40	+0.019%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:METAlong	+0.0282%	1h	742.26	long leg	$69.4M	$120.3M	20x
edgeX METAUSDC	+0.0398%	4h	742.31	+0.007%	$62K	$337K	10x	as long as short
Phoenix META	+0.0591%	1h	743.27	+0.136%	$656K	$1.2M	20x	as long as short