META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0218%/8h= −23.9% APRnext payment −$0.27 per $10,000 · paid last 24h −0.040%

Price spread now: QFEX against tradeXYZ−0.008%7-day average +0.014% · 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−$35as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.008%, 7d avg +0.014%

Together, before fees−0.054%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and QFEX is 0.022% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:META	740.22	0.0243	pay 0.0030% / 1h	14m 19s	$68.3M	$120.0M	20x
Short	QFEX META-USD	740.16	0.0025	get 0.0003% / 1h	14m 19s	$2.2M	$13.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$45.81
Price spread: −0.008% → +0.014%: −$2.18
Slippage, 4 orders: −$4.63
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$80.63
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; QFEX: live order book, 5 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	0.41 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.55 bp	6.6 bp −$7	6.7 bp −$67	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	−0.072%	$31K	$244K	10x	as long as short
Nado META-PERP	−0.0120%	1h	739.84	−0.051%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.82	+0.081%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.07	−0.021%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.27	+0.006%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.03	−0.026%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	+0.004%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.86	−0.049%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.008%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.06	−0.022%	$2.3M	$3.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.16	−0.008%	$12K	$433K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.06	−0.022%	$914	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.95	−0.036%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.23	+0.001%	$2.0M	$8K	10x	as long as short
QFEX META-USDshort	+0.0025%	1h	740.16	−0.008%	$2.2M	$13.9M	10x
Lighter RH META	+0.0032%	1h	740.53	+0.042%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.71	−0.069%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.44	+0.030%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.17	−0.007%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.02	−0.027%	$557K	$701K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.19	−0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.36	−0.116%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.94	−0.038%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.88	+0.090%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.30	+0.011%	$1.6M	$487K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.74	−0.065%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.21	−0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.98	−0.032%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.059%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.44	+0.030%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.06	−0.022%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.297%	$171K	$48K	30x	as long as short
tradeXYZ xyz:METAlong	+0.0243%	1h	740.22	long leg	$68.3M	$120.0M	20x
Phoenix META	+0.0313%	1h	740.85	+0.085%	$438K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	739.98	−0.033%	$62K	$336K	10x	as long as short