Meta (META)
Perp: META on INTX · Hedge: META (Stock)
Funding (ann.)
+0.0%
Basis
-0.28%
Open interest
$428,536
Status
delayed
Research note: funding below research threshold
Funding rate — annualized, 12078 settlement snapshots
Timezone: UTC · Units: % annualized · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T11:45:05+00:00
Basis — (perp mark − hedge) / hedge
Timezone: UTC · Units: % · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T11:45:05+00:00
Open interest — historical liquidity
Timezone: UTC · Units: USD notional · Source: dellserver funding-arb daemon (delayed export) · Last update: 2026-10-31T11:45:05+00:00
Persistence
23% of snapshots over the trailing 168h met the research condition: FR >= 20% APR, 7-day window.
Relevant paper trades
| Opened | Direction | Status | Net P&L | All-in P&L | Close reason |
|---|---|---|---|---|---|
| 2026-10-26 17:15 UTC | short_hl_long_ib | closed | -$52.73 | -$16.62 | emergency FR=-84% |
| 2026-10-21 15:18 UTC | short_hl_long_ib | closed | -$1.77 | -$0.11 | fr_decay 0.0% |
| 2026-10-05 13:33 UTC | short_hl_long_ib | closed | -$7.08 | +$6.70 | fr_decay 0.0% |
| 2026-05-23 13:17 UTC | short_hl_long_ib | closed | -$11.36 | — | FR decayed to 5.5% |
| 2026-05-23 00:04 UTC | short_hl_long_ib | closed | -$16.28 | — | FR decayed to 5.5% |
| 2026-05-22 04:14 UTC | short_hl_long_ib | closed | -$14.41 | — | FR decayed to 5.5% |
Known limitations
- The hedge leg only trades during its market's own hours; the perp trades 24/7 — see Methodology for how naked-leg windows are handled.
- Funding and basis figures are delayed, not real-time — see the status strip at the top of every page.