Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.052%

Price spread now: Bitget against Binance−0.014%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 2 days (all we have)+0.017%+$2 · spread now −0.014%, 7d avg −0.008%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	741.52	0	get 0.0000% / 8h	4m 51s	$27.4M	$180.2M	20x
Short	Bitget METAUSDT	741.42	0	get 0.0000% / 8h	4m 51s	$5.7M	$11.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.008%: −$0.54
Slippage, 4 orders: −$7.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$30.23
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bitget: 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 Binance live order book, 9 min ago	0.07 bp	5.1 bp −$5	11.5 bp −$115	39.7 bp −$3,974	doesn't fit
Sell Bitget live order book, 4 min ago	0.61 bp	11.1 bp −$11	17.8 bp −$178	45.5 bp −$4,549	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	741.56	+0.005%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.74	+0.029%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.44	−0.012%	$549K	$1.6M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	741.52	long leg	$27.4M	$180.2M	20x
Bybit METAUSDT	0.0000%	8h	741.05	−0.064%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.12	−0.054%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.94	−0.078%	$344K	$5.5M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	741.42	−0.014%	$5.7M	$11.5M	100x
Variational Omni META	0.0000%	8h	741.49	−0.004%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.61	+0.012%	$12K	$483K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.46	−0.008%	$942	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.27	−0.034%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.56	+0.005%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0014%	1h	740.96	−0.076%	$385K	$332K	20x	as long as short
QFEX META-USD	+0.0027%	1h	741.51	−0.001%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.56	+0.005%	$761K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.15	−0.050%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.43	−0.012%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.48	−0.006%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.39	−0.018%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.42	−0.014%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.70	−0.111%	$758K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	741.39	−0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0073%	1h	742.12	+0.080%	$50K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.35	−0.023%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.45	−0.010%	$1.6M	$403K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.73	−0.107%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.65	+0.017%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.47	−0.007%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.48	−0.006%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0176%	1h	741.37	−0.020%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.58	+0.278%	$169K	$46K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0263%	1h	741.13	−0.053%	$30K	$258K	10x	as long as short
tradeXYZ xyz:META	+0.0268%	1h	741.38	−0.019%	$67.8M	$122.6M	20x	as long as short
Lighter META	+0.0280%	1h	741.64	+0.016%	$859K	$2.6M	20x	as long as short
edgeX METAUSDC	+0.0660%	4h	741.52	0.000%	$62K	$333K	10x	as long as short