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% APRpaid last 24h +0.067%

Price spread now: Deribit against Binance−0.038%7-day average −0.052% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.070%+$7 on $10k

Price spread, last 2 days (all we have)−0.034%−$3 · spread now −0.038%, 7d avg −0.052%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	743.58	0	get 0.0000% / 8h	48m 16s	$27.4M	$179.4M	20x
Short	Deribit META_USDC-PERPETUAL	743.30	0	get 0.0000% / 1h	48m 16s	$30K	$257K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.052%: $1.39
Slippage, 4 orders: −$10.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$26.22
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Deribit: live order book, 30 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, 10 min ago	0.07 bp	7.1 bp −$7	13.8 bp −$138	44.3 bp −$4,430	doesn't fit
Sell Deribit live order book, 30 min ago	0.07 bp	11.4 bp −$11	14.5 bp −$145	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	743.07	−0.069%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0061%	1h	743.33	−0.034%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.18	−0.054%	$459K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.33	−0.034%	$549K	$1.6M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	743.58	long leg	$27.4M	$179.4M	20x
Bybit METAUSDT	0.0000%	8h	743.49	−0.012%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.62	+0.005%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.04	−0.073%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.51	−0.009%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.97	−0.082%	$2.3M	$3.2M	—	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	743.14	−0.059%	$13K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.19	−0.052%	$899	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	743.30	−0.038%	$30K	$257K	10x
HTX META-USDT	0.0000%	8h	743.29	−0.039%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.26	−0.043%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.42	−0.022%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.93	+0.047%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.03	−0.074%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.76	+0.024%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.46	−0.016%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.57	−0.001%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.36	−0.030%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.46	−0.151%	$782K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.31	−0.036%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	743.38	−0.027%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.040%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.25	−0.044%	$1.6M	$377K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.72	−0.116%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.54	−0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.33	−0.034%	$268	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.03	−0.074%	$292K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.34	−0.032%	$33K	$105	20x	as long as short
Lighter META	+0.0152%	1h	743.76	+0.024%	$865K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.114%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0220%	1h	743.71	+0.017%	$67.6M	$122.2M	20x	as long as short
edgeX METAUSDC	+0.0684%	4h	742.95	−0.084%	$62K	$332K	10x	as long as short