Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against Binance−0.015%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 2 days (all we have)−0.036%−$4 · spread now −0.015%, 7d avg −0.058%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.044% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	740.60	0	get 0.0000% / 8h	6h 28m	$27.3M	$179.1M	20x
Short	Gate META_USDT	740.49	0	get 0.0000% / 8h	6h 28m	$351K	$5.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.058%: $4.37
Slippage, 4 orders: −$17.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.33
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Gate: live order book, 5 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, 15 min ago	0.07 bp	6.4 bp −$6	15.5 bp −$155	51.0 bp −$5,103	doesn't fit
Sell Gate live order book, 5 min ago	5.26 bp	16.5 bp −$17	47.1 bp −$471	doesn't fit	doesn't fit

META on 35 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	−0.0143%	1h	740.27	−0.045%	$479K	$548K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.76	+0.022%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.41	−0.026%	$550K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	740.60	long leg	$27.3M	$179.1M	20x
Bybit METAUSDT	0.0000%	8h	740.39	−0.028%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.42	−0.024%	$5.9M	$13.3M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	740.49	−0.015%	$351K	$5.6M	100x
Bitget METAUSDT	0.0000%	8h	740.49	−0.015%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.98	+0.051%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.037%	$12K	$435K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.49	−0.015%	$1K	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.20	−0.054%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.21	−0.053%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.93	+0.045%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0001%	4h	740.98	+0.051%	$62K	$336K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.48	−0.016%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.80	+0.027%	$751K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.39	−0.028%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.85	+0.034%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.53	−0.009%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.32	−0.038%	$558K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.56	−0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.28	−0.043%	$700K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	740.32	−0.038%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	741.29	+0.093%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.63	+0.004%	$1.6M	$481K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.61	+0.001%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.55	−0.007%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	740.74	+0.019%	$856K	$2.4M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.34	−0.035%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.008%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	740.51	−0.012%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.42	−0.024%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0233%	1h	740.46	−0.019%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	741.84	+0.167%	$407K	$1.1M	20x	as long as short