Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.019%

Price spread now: QFEX against Binance−0.032%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.065%+$7 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.032%, 7d avg −0.035%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$1 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	744.81	0	get 0.0000% / 8h	1h 32m	$25.0M	$188.2M	20x
Short	QFEX META-USD	744.57	0.0031	get 0.0004% / 1h	32m 09s	$2.2M	$14.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $6.48
Price spread: −0.032% → −0.035%: $0.29
Slippage, 4 orders: −$2.88
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.1
Costs to cover: 0.229%
Break-even: 24.4 days

Slippage from Binance: live order book, 11 min ago; QFEX: live order book, 12 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, 11 min ago	0.07 bp	5.3 bp −$5	10.9 bp −$109	42.4 bp −$4,240	doesn't fit
Sell QFEX live order book, 12 min ago	1.14 bp	6.1 bp −$6	7.2 bp −$72	16.1 bp −$1,611	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
Deribit META_USDC-PERPETUAL	−0.0260%	1h	744.34	−0.063%	$34K	$275K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	744.93	+0.016%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0035%	1h	744.77	−0.005%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.59	+0.105%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.64	−0.023%	$552K	$1.8M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	744.81	long leg	$25.0M	$188.2M	20x
Bybit METAUSDT	0.0000%	8h	744.85	+0.005%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.93	+0.016%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.37	−0.059%	$460K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.85	+0.005%	$5.6M	$12.4M	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	−0.097%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.20	−0.081%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.59	−0.030%	$684	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.55	−0.035%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.85	+0.005%	$2.0M	$8K	10x	as long as short
QFEX META-USDshort	+0.0031%	1h	744.57	−0.032%	$2.2M	$14.0M	10x
Lighter RH META	+0.0032%	1h	745.20	+0.052%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.20	−0.082%	$112K	$340K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.30	+0.066%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.81	0.000%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.39	−0.056%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.83	+0.003%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.38	−0.058%	$710K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	744.93	+0.016%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.48	+0.089%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.80	−0.001%	$1.6M	$680K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.50	−0.176%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.82	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.70	−0.015%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.06	+0.033%	$667K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.235%	$172K	$46K	30x	as long as short
Lighter META	+0.0368%	1h	745.36	+0.074%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.22	+0.055%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0505%	1h	745.27	+0.062%	$77.4M	$127.5M	20x	as long as short
edgeX METAUSDC	+0.0548%	4h	744.17	−0.086%	$62K	$343K	10x	as long as short
Phoenix META	+0.0739%	1h	745.19	+0.051%	$796K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.98	+0.023%	—	—	—	as long as short