Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.033%

Price spread now: Arcus against Binance+0.018%7-day average −0.029% · 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−$27as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.184%+$18 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now +0.018%, 7d avg −0.029%

Together, before fees+0.334%+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.046% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	742.20	0	get 0.0000% / 8h	4h 46m	$27.5M	$180.2M	20x
Short	Arcus META-USD	742.33	0.0040	get 0.0005% / 1h	46m 10s	$110K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now +0.018%Rate

Funding earned: $8.46
Price spread: +0.018% → −0.029%: $4.64
Slippage, 4 orders: −$17.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$18.95
Costs to cover: 0.320%
Break-even: 22.7 days

Slippage from Binance: live order book, 12 min ago; Arcus: live order book, 12 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 Binance live order book, 12 min ago	0.07 bp	5.4 bp −$5	13.3 bp −$133	49.0 bp −$4,897	doesn't fit
Sell Arcus live order book, 12 min ago	3.30 bp	11.5 bp −$12	14.3 bp −$143	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	742.49	+0.039%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0050%	1h	741.90	−0.040%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.44	+0.032%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.00	−0.027%	$548K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	742.20	long leg	$27.5M	$180.2M	20x
Bybit METAUSDT	0.0000%	8h	741.87	−0.044%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.12	−0.011%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.74	−0.062%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.24	+0.005%	$5.3M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.05	−0.020%	$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	743.01	+0.110%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.52	+0.043%	$734	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.73	−0.063%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.20	0.000%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.69	+0.066%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.36	+0.022%	$767K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.16	−0.005%	$2.1M	$13.7M	10x	as long as short
Arcus META-USDshort	+0.0040%	1h	742.33	+0.018%	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	742.42	+0.030%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.34	+0.019%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.04	−0.022%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.14	−0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.81	−0.053%	$701K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.09	−0.015%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	742.94	+0.100%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.30	+0.013%	$1.6M	$535K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.19	−0.001%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.11	−0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.99	−0.028%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.024%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	742.18	−0.003%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0129%	4h	742.98	+0.105%	$62K	$337K	10x	as long as short
Lighter META	+0.0216%	1h	742.28	+0.011%	$856K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.79	+0.349%	$172K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0258%	1h	742.13	−0.009%	$69.4M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	743.92	+0.232%	$631K	$1.2M	20x	as long as short