Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.049%

Price spread now: Binance against Bitget+0.011%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 2 days (all we have)−0.026%−$3 · spread now +0.011%, 7d avg +0.008%

Together, before fees−0.075%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	740.20	0	get 0.0000% / 8h	1h 42m	$5.8M	$11.0M	100x
Short	Binance METAUSDT	740.28	0	get 0.0000% / 8h	1h 42m	$26.9M	$177.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.008%: $0.34
Slippage, 4 orders: −$8.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.01
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 15 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 Bitget live order book, 1 min ago	0.54 bp	11.2 bp −$11	20.4 bp −$204	36.9 bp −$3,687	doesn't fit
Sell Binance live order book, 15 min ago	0.07 bp	5.1 bp −$5	15.2 bp −$152	38.1 bp −$3,808	doesn't fit

META on 36 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	740.31	+0.015%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0072%	1h	740.10	−0.014%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.91	+0.096%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.12	−0.011%	$548K	$1.5M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	740.28	+0.011%	$26.9M	$177.6M	20x
Bybit METAUSDT	0.0000%	8h	740.19	−0.001%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.10	−0.014%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.77	−0.058%	$321K	$5.4M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	740.20	long leg	$5.8M	$11.0M	100x
Variational Omni META	0.0000%	8h	740.45	+0.034%	$1.6M	$2.6M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.60	+0.054%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.57	+0.050%	$630	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.08	−0.016%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.16	−0.005%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	+0.043%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.14	−0.008%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.49	+0.039%	$743K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0040%	1h	740.32	+0.016%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.01	−0.026%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.63	+0.058%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.22	+0.003%	$177K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.32	+0.016%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.23	+0.004%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.03	−0.024%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.34	+0.019%	$666K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	740.97	+0.105%	$48K	$62K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.095%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.46	+0.035%	$291K	$791K	20x	as long as short
Lighter META	+0.0088%	1h	740.47	+0.036%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.22	+0.003%	$1.6M	$360K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.17	−0.004%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.29	+0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.13	−0.009%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0134%	1h	740.36	+0.022%	$68.4M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.38	+0.024%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0903%	4h	740.43	+0.031%	$62K	$331K	10x	as long as short