META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0300%/8h= −32.8% APRnext payment −$0.37 per $10,000 · paid last 24h −0.038%

Price spread now: Ondo Perps against tradeXYZ−0.094%7-day average −0.040% · you buy dearer than you sell

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

Long on tradeXYZ Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.094%, 7d avg −0.040%

Together, before fees−0.030%+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Ondo Perps is 0.054% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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	742.06	0.0350	pay 0.0044% / 1h	21m 42s	$69.2M	$120.1M	20x
Short	Ondo Perps META-USD.P	741.36	0.0050	get 0.0006% / 1h	21m 42s	$720K	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$62.91
Price spread: −0.094% → −0.040%: −$5.43
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$91.34
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; Ondo Perps: no order-book sample. 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 tradeXYZ live order book, 7 min ago	0.07 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	741.86	−0.027%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0020%	1h	741.43	−0.085%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.81	−0.034%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.71	−0.047%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.01	−0.007%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.84	−0.030%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.00	−0.008%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.77	−0.039%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.04	−0.003%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	742.17	+0.015%	$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	742.19	+0.018%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.13	+0.009%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.44	−0.084%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.92	−0.019%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.51	+0.061%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.17	+0.015%	$764K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.75	−0.042%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.54	−0.070%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.97	−0.012%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.06	0.000%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.69	−0.050%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.95	−0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	741.36	−0.094%	$720K	$4.2M	10x
Paradex META-USD-PERP	+0.0067%	8h	741.74	−0.043%	—	—	5x	as long as short
edgeX METAUSDC	+0.0070%	4h	741.99	−0.010%	$62K	$335K	10x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	742.53	+0.063%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.67	−0.053%	$617K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.04	−0.003%	$1.6M	$521K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.03	−0.139%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.07	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.84	−0.030%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.26	−0.108%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	742.00	−0.008%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	742.13	+0.009%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:METAlong	+0.0350%	1h	742.06	long leg	$69.2M	$120.1M	20x
Phoenix META	+0.0496%	1h	742.80	+0.100%	$552K	$1.1M	20x	as long as short