Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.035%

Price spread now: BloFin against ApeX Omni+0.076%223s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.464% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.076%, 7d avg +0.057%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 223 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	739.43	0.0100	pay 0.0013% / 1h	44m 14s	$166K	$71K	50x
Short	BloFin META-USDT	739.99	−0.0120	pay 0.0120% / 8h	6h 44m	$327K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$46.2
Price spread: +0.076% → +0.057%: $1.9
Slippage, 4 orders: −$24.41
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$90.71
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; BloFin: live order book, 8 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, 22 min ago	2.63 bp	15.4 bp −$15	379.5 bp −$3,795	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	0.74 bp	7.9 bp −$8	11.4 bp −$114	doesn't fit	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
Nado META-PERP	−0.0156%	1h	739.80	+0.051%	$478K	$546K	20x	as long as short
BloFin META-USDTshort	−0.0120%	8h	739.99	+0.076%	$327K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	740.61	+0.159%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.03	+0.081%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.17	+0.100%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.06	+0.085%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.18	+0.101%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.88	+0.061%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.27	+0.114%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.01	+0.078%	$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	740.09	+0.089%	$13K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.42	+0.134%	$648	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.68	+0.034%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.07	+0.087%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.27	+0.114%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.02	+0.080%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.18	+0.101%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.73	+0.041%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.25	+0.111%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.28	+0.115%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.08	+0.088%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.13	+0.095%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.46	+0.004%	$692K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.98	+0.074%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.79	+0.183%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.14	+0.096%	$1.6M	$465K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	739.43	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.17	+0.100%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.92	+0.067%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.05	+0.084%	$610K	$7.3M	10x	as long as short
Lighter META	+0.0112%	1h	740.11	+0.092%	$856K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0120%	1h	740.34	+0.123%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.52	+0.418%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0260%	1h	740.22	+0.107%	$68.3M	$120.4M	20x	as long as short
Phoenix META	+0.0313%	1h	740.77	+0.181%	$373K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0828%	4h	739.94	+0.069%	$62K	$336K	10x	as long as short