Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.001%

Price spread now: Binance against ApeX Omni+0.123%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.255%−$25 on $10k

Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.123%, 7d avg +0.046%

Together, before fees−0.568%−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.078% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.046%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	740.62	0.0100	pay 0.0013% / 1h	32m 52s	$166K	$71K	50x
Short	Binance METAUSDT	741.53	0	get 0.0000% / 8h	5h 32m	$27.3M	$178.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.123%Rate

Funding earned: −$21
Price spread: +0.123% → +0.046%: $7.77
Slippage, 4 orders: −$35.03
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$68.26
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; Binance: live order book, 10 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 ApeX Omni live order book, 28 min ago	2.57 bp	21.5 bp −$22	335.4 bp −$3,354	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.07 bp	6.3 bp −$6	11.9 bp −$119	38.9 bp −$3,888	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	741.36	+0.100%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	741.01	+0.053%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.68	+0.143%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.29	+0.091%	$548K	$2.7M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	741.53	+0.123%	$27.3M	$178.8M	20x
Bybit METAUSDT	0.0000%	8h	741.38	+0.103%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.55	+0.126%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.24	+0.084%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.45	+0.112%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	+0.069%	$2.3M	$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	741.41	+0.107%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.37	+0.101%	$801	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.71	+0.012%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.23	+0.082%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.37	+0.101%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.63	+0.136%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.20	+0.078%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.88	+0.035%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.57	+0.128%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.43	+0.109%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.13	+0.069%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.41	+0.107%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.51	−0.015%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	741.14	+0.070%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.12	+0.202%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.162%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.58	+0.130%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	740.62	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.33	+0.096%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.19	+0.077%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.392%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	741.59	+0.131%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0248%	1h	741.47	+0.115%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0314%	4h	741.26	+0.086%	$62K	$336K	10x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	741.62	+0.135%	$69.2M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	741.90	+0.173%	$530K	$1.1M	20x	as long as short