Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0572%/8h= +62.6% APRpaid last 24h +0.124%

Price spread now: edgeX against Binance−0.072%50s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs+$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.328% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.687%+$69 on $10k

Price spread, last 4 days (all we have)+0.338%+$34 · spread now −0.072%, 7d avg −0.007%

Together, before fees+1.025%+ Points / potential airdropedgeX: Active · farm board+$102 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.065% cheaper against Binance than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.007%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$17 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	746.79	0	get 0.0000% / 8h	7h 48m	$25.7M	$191.0M	20x
Short	edgeX METAUSDC	746.25	0.0572	get 0.0286% / 4h	3h 48m	$63K	$346K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $120.04
Price spread: −0.072% → −0.007%: −$6.47
Slippage, 4 orders: −$13.76
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $80.81
Costs to cover: 0.328%
Break-even: 2.3 days

Slippage from Binance: live order book, 10 min ago; edgeX: live order book, 49 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	0.27 bp	6.0 bp −$6	14.5 bp −$145	66.0 bp −$6,595	doesn't fit
Sell edgeX live order book, 49 min ago	5.50 bp	10.1 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit

META on 37 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	746.49	−0.040%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0045%	1h	746.02	−0.103%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.00	+0.028%	$484K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.25	−0.071%	$547K	$3.4M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	746.79	long leg	$25.7M	$191.0M	20x
Bybit METAUSDT	0.0000%	8h	746.62	−0.022%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.33	−0.061%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.25	−0.072%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.74	−0.006%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.52	−0.036%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.97	−0.109%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.63	−0.021%	$950	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.25	−0.072%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.21	−0.077%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.58	−0.028%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.89	+0.014%	$796K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	746.26	−0.071%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.97	−0.109%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.56	−0.030%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.33	−0.061%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.79	−0.134%	$567K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.23	−0.075%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.70	−0.146%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	746.52	−0.036%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.55	−0.032%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	746.33	−0.062%	$636	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.37	−0.056%	$1.6M	$747K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.75	−0.139%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.38	−0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.21	−0.077%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	746.12	−0.089%	$647K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.173%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	747.11	+0.043%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0279%	1h	746.41	−0.051%	$84.5M	$132.5M	20x	as long as short
Hotstuff META-PERP	+0.0384%	1h	746.12	−0.089%	$33K	$105	20x	as long as short
edgeX METAUSDCshort	+0.0572%	4h	746.25	−0.072%	$63K	$346K	10x
Phoenix META	+0.0791%	1h	746.41	−0.051%	$797K	$1.5M	20x	as long as short