Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.101%

Price spread now: edgeX against Bitget−0.028%54s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs+$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.400% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.590%+$59 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.028%, 7d avg −0.004%

Together, before fees+0.580%+ Points / potential airdropedgeX: Active · farm board+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.024% cheaper against Bitget than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of −0.004%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$6 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	743.86	0	get 0.0000% / 8h	2h 16m	$5.6M	$12.1M	100x
Short	edgeX METAUSDC	743.65	0.0187	get 0.0094% / 4h	2h 16m	$62K	$340K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $39.35
Price spread: −0.028% → −0.004%: −$2.43
Slippage, 4 orders: −$19.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$3.09
Costs to cover: 0.400%
Break-even: 7.6 days

Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 32 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, 2 min ago	0.54 bp	8.9 bp −$9	15.9 bp −$159	25.5 bp −$2,547	doesn't fit
Sell edgeX live order book, 32 min ago	5.16 bp	9.8 bp −$10	11.3 bp −$113	doesn't fit	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	743.79	−0.009%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.14	+0.038%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.58	−0.037%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.75	−0.015%	$27.6M	$182.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.71	−0.020%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.80	−0.008%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.15	−0.095%	$440K	$5.9M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	743.86	long leg	$5.6M	$12.1M	100x
Variational Omni META	0.0000%	8h	743.58	−0.038%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.82	−0.005%	$12K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.79	−0.009%	$840	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.33	−0.071%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.50	−0.048%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.89	+0.004%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0015%	1h	743.15	−0.095%	$480K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.92	+0.008%	$760K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.39	−0.063%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.05	+0.026%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.66	−0.027%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.70	−0.022%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.41	−0.060%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.66	−0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.32	−0.073%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	743.46	−0.053%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.45	+0.079%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.69	−0.023%	$1.6M	$651K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.01	−0.114%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.69	−0.023%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.50	−0.049%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	−0.038%	$655K	$7.8M	10x	as long as short
edgeX METAUSDCshort	+0.0187%	4h	743.65	−0.028%	$62K	$340K	10x
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.289%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	744.01	+0.020%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.02	+0.022%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0446%	1h	743.97	+0.015%	$75.3M	$125.3M	20x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.138%	$795K	$1.4M	20x	as long as short