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 +0.070%

Price spread now: Bybit against Binance−0.006%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$300.304% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 2 days (all we have)+0.030%+$3 · spread now −0.006%, 7d avg −0.013%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	740.54	0	get 0.0000% / 8h	2h 30m	$26.8M	$177.4M	20x
Short	Bybit METAUSDT	740.49	0	get 0.0000% / 8h	2h 30m	$7.4M	$13.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.013%: $0.65
Slippage, 4 orders: −$9.4
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$29.76
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 3 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, 13 min ago	0.07 bp	5.7 bp −$6	15.1 bp −$151	53.6 bp −$5,362	doesn't fit
Sell Bybit live order book, 3 min ago	0.81 bp	10.5 bp −$10	17.9 bp −$179	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
Nado META-PERP	−0.0129%	1h	740.60	+0.008%	$399K	$316K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.47	−0.009%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.94	+0.054%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.39	−0.020%	$548K	$1.5M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	740.54	long leg	$26.8M	$177.4M	20x
Bybit METAUSDTshort	0.0000%	8h	740.49	−0.006%	$7.4M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.27	−0.036%	$6.0M	$13.1M	20x	as long as short
Hotstuff META-PERP	0.0000%	1h	740.54	0.000%	$33K	$105	20x	as long as short
Gate META_USDT	0.0000%	8h	740.04	−0.067%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.59	+0.007%	$5.7M	$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	739.93	−0.082%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.06	−0.065%	$12K	$529K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.78	+0.033%	$582	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.66	+0.017%	$30K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.23	−0.041%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.53	−0.001%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.32	−0.029%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.79	+0.034%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.81	+0.037%	$739K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.29	−0.033%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.06	+0.071%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.47	−0.009%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.60	+0.008%	$68.5M	$120.2M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.68	+0.019%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.37	−0.023%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.38	−0.021%	$639K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.42	−0.016%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	740.74	+0.027%	$45K	$60K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.88	+0.046%	$609K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.35	−0.025%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.41	−0.017%	$1.6M	$350K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.51	−0.004%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.57	+0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.38	−0.021%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.031%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0285%	4h	740.19	−0.047%	$62K	$329K	10x	as long as short