Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0160%/8h= −17.6% APRpaid last 24h −0.090%

Price spread now: BloFin against Arcus+0.019%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.270%−$27 on $10k

Price spread, last 3 days (all we have)+0.232%+$23 · spread now +0.019%, 7d avg +0.040%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.021% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	740.17	0.0040	pay 0.0005% / 1h	10m 08s	$263K	$313K	10x
Short	BloFin META-USDT	740.31	−0.0120	pay 0.0120% / 8h	2h 10m	$329K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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 ArcusbpFee BloFinbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$33.66
Price spread: +0.019% → +0.040%: −$2.12
Slippage, 4 orders: −$12.97
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$65.25
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Arcus: live order book, 13 min ago; BloFin: live order book, 7 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 Arcus live order book, 13 min ago	3.58 bp	6.0 bp −$6	7.0 bp −$70	12.5 bp −$1,251	doesn't fit
Sell BloFin live order book, 7 min ago	0.54 bp	9.2 bp −$9	12.5 bp −$125	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-USDTshort	−0.0120%	8h	740.31	+0.019%	$329K	$1.1M	20x
Nado META-PERP	−0.0108%	1h	740.39	+0.029%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0048%	1h	740.70	+0.072%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.95	+0.105%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.35	+0.025%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.40	+0.031%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.25	+0.011%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.53	+0.049%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.19	+0.003%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.40	+0.031%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.48	+0.042%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.37	+0.027%	$12K	$525K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.00	+0.112%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.52	+0.047%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.31	+0.019%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.50	+0.045%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.28	+0.015%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.69	+0.070%	$859K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.72	+0.074%	$740K	$3.2M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	740.17	long leg	$263K	$313K	10x
Vest META-USD-PERP	+0.0046%	1h	740.99	+0.111%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.48	+0.042%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.68	+0.069%	$68.5M	$120.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.60	+0.058%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.46	+0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.13	−0.005%	$641K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.32	+0.020%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	740.99	+0.111%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	+0.012%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.50	+0.045%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.36	+0.026%	$1.6M	$353K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.32	+0.020%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.42	+0.034%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.33	+0.021%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.25	+0.011%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0274%	4h	740.35	+0.025%	$62K	$331K	10x	as long as short