Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Binance−0.087%7-day average −0.089% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 7 days+0.162%+$16 · spread now −0.087%, 7d avg −0.089%

Together, before fees+0.326%+ Points / potential airdropOndo Perps: Active · farm board+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	745.15	0	get 0.0000% / 8h	7h 45m	$25.7M	$191.3M	20x
Short	Ondo Perps META-USD.P	744.50	0.0050	get 0.0006% / 1h	45m 34s	$724K	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.087%Rate

Funding earned: $10.58
Price spread: −0.087% → −0.089%: $0.22
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$4.2
Costs to cover: 0.150%
Break-even: 9.8 days

Slippage unknown: Binance: live order book, 13 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 13 min ago	0.27 bp	6.0 bp −$6	14.5 bp −$145	66.0 bp −$6,595	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	745.52	+0.050%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0046%	1h	744.77	−0.051%	$480K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.00	+0.114%	$489K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.96	−0.026%	$547K	$3.4M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	745.15	long leg	$25.7M	$191.3M	20x
Bybit METAUSDT	0.0000%	8h	744.90	−0.034%	$7.4M	$15.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.82	−0.044%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.66	−0.066%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.85	−0.040%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.82	−0.044%	$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	746.46	+0.175%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.04	−0.015%	$1K	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.71	−0.059%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.78	−0.050%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.46	+0.042%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.28	+0.017%	$795K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.90	−0.034%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.71	−0.059%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.30	+0.020%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.01	−0.019%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.66	−0.066%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.86	−0.039%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	744.50	−0.087%	$724K	$5.1M	10x
Paradex META-USD-PERP	+0.0056%	8h	744.85	−0.040%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0082%	1h	745.56	+0.055%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	745.01	−0.019%	$635	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.35	+0.027%	$1.6M	$752K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	+0.017%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.27	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.04	−0.014%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.50	−0.087%	$652K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.393%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	745.48	+0.044%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0254%	1h	745.04	−0.015%	$84.2M	$132.8M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	745.17	+0.003%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0372%	4h	746.05	+0.121%	$63K	$347K	10x	as long as short
Phoenix META	+0.0791%	1h	746.16	+0.136%	$797K	$1.5M	20x	as long as short