Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: Gate against ApeX Omni+0.001%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.001%, 7d avg −0.014%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	740.44	0.0100	pay 0.0013% / 1h	59m 20s	$166K	$74K	50x
Short	Gate META_USDT	740.45	0	get 0.0000% / 8h	7h 59m	$354K	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.001%Rate

Funding earned: −$21
Price spread: +0.001% → −0.014%: $1.53
Slippage, 4 orders: −$67.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$111.66
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; Gate: live order book, 4 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, 12 min ago	2.63 bp	18.6 bp −$19	368.6 bp −$3,686	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.55 bp	15.0 bp −$15	32.8 bp −$328	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
BloFin META-USDT	−0.0120%	8h	740.93	+0.066%	$327K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0060%	1h	740.80	+0.049%	$30K	$258K	10x	as long as short
Aster METAUSDT	0.0000%	8h	741.18	+0.100%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.10	+0.089%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.12	+0.092%	$27.5M	$180.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.06	+0.084%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.87	+0.058%	$6.0M	$13.2M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	740.45	+0.001%	$354K	$5.5M	100x
Bitget METAUSDT	0.0000%	8h	740.82	+0.051%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.83	+0.053%	$2.3M	$3.2M	—	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	741.01	+0.077%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.51	+0.009%	$644	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.73	+0.039%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.15	+0.096%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.14	+0.095%	$2.2M	$14.4M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.88	+0.059%	$761K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.39	−0.007%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.18	+0.100%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.03	+0.080%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.61	+0.023%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.75	+0.042%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.75	−0.093%	$757K	$4.3M	10x	as long as short
Aftermath Perps METAUSD	+0.0073%	1h	741.06	+0.084%	$51K	$76K	10x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	740.47	+0.005%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.92	+0.065%	$1.6M	$408K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	740.44	long leg	$166K	$74K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.26	+0.111%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.99	+0.074%	$267	—	10x	as long as short
Nado META-PERP	+0.0116%	1h	741.06	+0.084%	$385K	$332K	20x	as long as short
Phoenix META	+0.0129%	1h	741.01	+0.077%	$291K	$797K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.52	+0.011%	$608K	$7.4M	10x	as long as short
Hotstuff META-PERP	+0.0184%	1h	740.48	+0.005%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.21	+0.374%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0253%	1h	740.57	+0.018%	$67.7M	$122.8M	20x	as long as short
Lighter META	+0.0280%	1h	740.85	+0.055%	$858K	$2.4M	20x	as long as short
edgeX METAUSDC	+0.0622%	4h	740.96	+0.070%	$62K	$334K	10x	as long as short