Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: OKX against ApeX Omni+0.109%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$820.823% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.109%, 7d avg +0.039%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.070% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.039%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	743.15	0.0100	pay 0.0013% / 1h	17m 36s	$166K	$71K	50x
Short	OKX META-USDT-SWAP	743.96	0	get 0.0000% / 8h	4h 17m	$6.0M	$13.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$21
Price spread: +0.109% → +0.039%: $7.03
Slippage, 4 orders: −$62.28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.25
Costs to cover: 0.823%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; OKX: live order book, 1 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, 38 min ago	2.63 bp	37.5 bp −$38	337.7 bp −$3,377	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.07 bp	10.5 bp −$11	18.6 bp −$186	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	743.99	+0.113%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0021%	1h	743.37	+0.029%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.41	+0.035%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.73	+0.078%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.93	+0.105%	$27.6M	$181.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.11	+0.129%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	743.96	+0.109%	$6.0M	$13.6M	20x
Gate META_USDT	0.0000%	8h	743.41	+0.035%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.95	+0.108%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.78	−0.050%	$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	744.09	+0.127%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.32	+0.157%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.88	+0.098%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.41	+0.035%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.01	+0.116%	$772K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.79	+0.086%	$2.2M	$13.8M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.16	+0.001%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.02	+0.117%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.94	+0.106%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.48	+0.044%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.72	+0.077%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.27	+0.016%	$765K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	743.80	+0.087%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.44	+0.039%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.52	+0.050%	$1.6M	$549K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	743.15	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.00	+0.114%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.76	+0.082%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.78	+0.085%	$626K	$7.2M	10x	as long as short
edgeX METAUSDC	+0.0104%	4h	743.84	+0.092%	$62K	$337K	10x	as long as short
Hotstuff META-PERP	+0.0160%	1h	743.79	+0.086%	$33K	$105	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0207%	1h	743.68	+0.071%	$31K	$246K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.66	−0.066%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	743.97	+0.110%	$864K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0270%	1h	743.88	+0.098%	$69.5M	$120.5M	20x	as long as short
Phoenix META	+0.0591%	1h	744.70	+0.209%	$696K	$1.2M	20x	as long as short