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 −0.023%

Price spread now: OKX against Binance−0.022%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 2 days (all we have)+0.026%+$3 · spread now −0.022%, 7d avg −0.010%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	740.45	0	get 0.0000% / 8h	6h 03m	$27.3M	$178.8M	20x
Short	OKX META-USDT-SWAP	740.29	0	get 0.0000% / 8h	6h 03m	$5.9M	$13.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.010%: −$1.19
Slippage, 4 orders: −$13.82
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$35.01
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; OKX: live order book, just now.

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	13.6 bp −$136	47.2 bp −$4,722	doesn't fit
Sell OKX live order book, just now	0.07 bp	9.7 bp −$10	16.4 bp −$164	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	−0.0114%	1h	740.17	−0.039%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.77	+0.043%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.13	−0.043%	$547K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	740.45	long leg	$27.3M	$178.8M	20x
Bybit METAUSDT	0.0000%	8h	740.27	−0.025%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	740.29	−0.022%	$5.9M	$13.3M	20x
Gate META_USDT	0.0000%	8h	740.32	−0.018%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	−0.004%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.47	+0.002%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.001%	$12K	$432K	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	740.22	−0.031%	$948	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.69	−0.103%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.18	−0.037%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.44	−0.002%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.40	−0.007%	$2.2M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.59	+0.019%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.00	−0.061%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.58	+0.017%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.43	−0.003%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.14	−0.042%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	−0.006%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.94	−0.069%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	740.35	−0.014%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.84	+0.052%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.51	+0.008%	$1.6M	$496K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.73	−0.098%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.35	−0.014%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.20	−0.034%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.028%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.44	−0.002%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.54	+0.012%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.18	+0.233%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0241%	1h	740.42	−0.004%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.11	+0.089%	$464K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0925%	4h	740.30	−0.021%	$62K	$335K	10x	as long as short