META perps: where to trade Meta perpetual futures
13 tracked venues list META perps.
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The cheapest place to trade META perps right now is Lighter (META): 0.45 bps all-in for a $10,000 market buy at the standard taker fee, measured 13:00 UTC on 2026-10-03.
The next two venues are trade.xyz 1.69 bps and Extended 3.97 bps. 10 of 14 META markets gave a measured cost.
META perps list on 13 tracked venues: 6 centralized exchanges, 1 Hyperliquid HIP-3 deployment, 6 other decentralized venues. Avantis (META/USD), Gains Network (META/USD) and Ostium (META/USD) fill at an oracle price, with no public META book to measure.
Maximum META leverage runs from 4x on Gains Network (META/USD) to 100x on MEXC (METASTOCK_USDT).
META funding and open interest
Funding now runs from 0.0% a year on Aster to 5.5% on trade.xyz, across 11 META markets. A positive rate means that longs pay shorts.
11 META markets report open interest, $108.5 million in total. trade.xyz holds 60% of it ($65.5 million).
Measured META cost for a $10,000 buy
- Lighter0.45
- trade.xyz1.69
- Extended3.97
- Aster4.26
- Binance5.94
- Bybit7.03
- Aster7.37
- Bitget7.49
- OKX9.05
- Gate15.28
Where to trade Meta perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Lighter | META | 20x | +0.0004% / 1 h | +3.5% | — | $2.1M | 0.45 | 0.000% (API) | 0.45 | — |
| trade.xyz | xyz:META | 20x | +0.0006% / 1 h | +5.5% | +7.1% | $65.5M | 0.79 | 0.0090% (API, live) | 1.69 | — |
| Extended | META_24_5-USD | 16.7x | 0.0000% / 1 h | 0.0% | — | $459K | 2.97 | 0.010% (docs) | 3.97 | — |
| Aster | METAUSD1 | 20x | 0.0000% / 8 h | 0.0% | +0.6% | $130K | 3.01 | 0.013% (docs) | 4.26 | — |
| Binance | METAUSDT | 20x | 0.0000% / 8 h | 0.0% | +3.4% | $19.3M | 1.94 | 0.040% (docs, promotion for all accounts) | 5.94 | — |
| Bybit | METAUSDT | 100x | 0.0000% / 8 h | 0.0% | −1.2% | $6.4M | 4.28 | 0.028% (docs, promotion for all accounts) | 7.03 | — |
| Aster | METAUSDT | 20x | 0.0000% / 8 h | 0.0% | +0.2% | $467K | 6.12 | 0.013% (docs) | 7.37 | — |
| Bitget | METAUSDT | 100x | 0.0000% / 8 h | 0.0% | +2.8% | $3.4M | 1.49 | 0.060% (API) | 7.49 | — |
| OKX | META-USDT-SWAP | 20x | 0.0000% / 8 h | 0.0% | +0.6% | $5.2M | 4.05 | 0.050% (docs) | 9.05 | — |
| Gate | META_USDT | 100x | 0.0000% / 8 h | 0.0% | +1.3% | $855K | 7.78 | 0.075% (API) | 15.28 | — |
| MEXC | METASTOCK_USDT | 100x | 0.0000% / 8 h | 0.0% | +3.4% | $4.7M | 0.49 | Not stated for all accounts | — | 0.000% = 0.49 bps (eligible accounts, source, 2026-09-25) |
| Avantis | META/USD | 5x | — | — | — | — | No META book | Oracle model | — | — |
| Gains Network | META/USD | 4x | — | — | — | — | No META book | Oracle model | — | — |
| Ostium | META/USD | — | — | — | — | — | No META book | Oracle model | — | — |
Method: a $10,000 META market buy fills against each public META book.
The META book cost is that fill price against the mid, in bps. The META all-in cost adds the standard taker fee that every new account gets.
A META promo rate that only eligible accounts get is shown in its own column and is never ranked.
A META book price does not prove that the venue accepts META orders at that time, so check the META hours table.
Annual META funding is the rate per hour times 8,760, with no compounding. The META markets come from venue APIs read on 2026-09-25.
META trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Aster | METAUSD1 | 24/7, 5% band off-hours | Several, with Pyth |
| Aster | METAUSDT | 24/7, 5% band off-hours | Several, with Pyth |
| Avantis | META/USD | 23/5 or 9:30–16:00 ET | Pyth Pro, Chainlink |
| Binance | METAUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | METAUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | METAUSDT | 24/7 | Index with Pyth |
| Extended | META_24_5-USD | Per market in API | Stork, Blue Ocean ATS |
| Gains Network | META/USD | Mon–Fri 9:35–16:00 ET | Chainlink |
| Gate | META_USDT | Index holds last close | Paid feeds, crypto venues |
| Lighter | META | 24/7 | Pyth Pro (NVDA, TSLA) |
| MEXC | METASTOCK_USDT | Varies, no trades closed | Not named in docs |
| OKX | META-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| Ostium | META/USD | Mon–Fri 9:30–16:00 ET | Own feed, Stork nodes |
| trade.xyz | xyz:META | 24/7, bounded off-hours | Relayer, Blue Ocean ATS |
Find your liquidation price with the liquidation price calculator for META. Compare all tickers on the stock perps hub. Read how trade.xyz lists META on Hyperliquid.
Where to Trade Meta Platforms (META) Perpetual Futures
Fees and leverage limits apply venue-wide; check META terms with the venue.
Meta Platforms (META) market overview
Meta Platforms owns Facebook, Instagram, and WhatsApp, making it the world's largest social media advertising business. META stock perps attract traders positioning on digital ad recovery cycles, AI-driven ad targeting improvements, and the company's long-term bet on augmented reality and the metaverse, themes that appeal strongly to crypto market participants.
Frequently Asked Questions — Meta Platforms (META)
What open interest data is available for META?
2 venues report positive META open interest in this read.
The META total leaves out venues outside the read.
How does a Meta Platforms perpetual futures contract differ from the underlying asset?
A Meta Platforms perpetual tracks the Meta Platforms price, with no expiry date and no ownership of Meta Platforms.
Check each venue for Meta Platforms trading hours and the price source.
Category: Stock