Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.042%

Price spread now: Extended against Binance−0.021%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 7 days−0.396%−$40 · spread now −0.021%, 7d avg −0.025%

Together, before fees−0.197%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	743.95	0	get 0.0000% / 8h	1h 34m	$25.1M	$187.9M	20x
Short	Extended META_24_5-USD	743.80	0	get 0.0000% / 1h	34m 21s	$552K	$2.0M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → −0.025%: $0.43
Slippage, 4 orders: −$6.99
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$21.55
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Extended: 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	5.3 bp −$5	10.9 bp −$109	42.4 bp −$4,240	doesn't fit
Sell Extended live order book, 4 min ago	0.61 bp	5.6 bp −$6	22.0 bp −$220	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	744.05	+0.013%	$333K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0073%	1h	743.58	−0.050%	$34K	$274K	10x	as long as short
Nado META-PERP	−0.0030%	1h	743.73	−0.029%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.05	+0.148%	$479K	$593K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	743.80	−0.021%	$552K	$2.0M	17x
Binance METAUSDTlong	0.0000%	8h	743.95	long leg	$25.1M	$187.9M	20x
Bybit METAUSDT	0.0000%	8h	743.88	−0.009%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.02	+0.009%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.52	−0.058%	$457K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.13	+0.024%	$5.6M	$12.3M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.08	+0.018%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.20	+0.034%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.02	+0.009%	$686	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.82	−0.017%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.34	+0.052%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	743.81	−0.019%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.32	+0.050%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.92	−0.004%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.53	+0.078%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.95	0.000%	$177K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.84	−0.015%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.03	+0.011%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.46	−0.066%	$710K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	743.91	−0.005%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	745.01	+0.143%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.15	+0.027%	$1.6M	$677K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.50	−0.060%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.98	+0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.88	−0.010%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.27	+0.043%	$647K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.630%	$173K	$46K	30x	as long as short
Lighter META	+0.0368%	1h	744.50	+0.074%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	744.47	+0.070%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0508%	1h	744.47	+0.070%	$77.2M	$127.4M	20x	as long as short
edgeX METAUSDC	+0.0548%	4h	744.17	+0.029%	$62K	$343K	10x	as long as short
Phoenix META	+0.0739%	1h	746.28	+0.313%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.06	+0.015%	—	—	—	as long as short