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 +0.003%

Price spread now: OKX against Bitget−0.045%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.045%, 7d avg −0.004%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.041% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	740.36	0	get 0.0000% / 8h	6h 22m	$5.5M	$11.3M	100x
Short	OKX META-USDT-SWAP	740.03	0	get 0.0000% / 8h	6h 22m	$5.9M	$13.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.004%: −$4.06
Slippage, 4 orders: −$14.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.64
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 1 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	1.22 bp	8.8 bp −$9	17.9 bp −$179	33.0 bp −$3,303	doesn't fit
Sell OKX live order book, 1 min ago	1.49 bp	9.9 bp −$10	18.3 bp −$183	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	−0.0130%	1h	739.31	−0.141%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.12	−0.032%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.86	−0.067%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.33	−0.004%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.11	−0.034%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	740.03	−0.045%	$5.9M	$13.3M	20x
Gate META_USDT	0.0000%	8h	740.08	−0.038%	$352K	$5.6M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	740.36	long leg	$5.5M	$11.3M	100x
Variational Omni META	0.0000%	8h	740.67	+0.042%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.40	+0.006%	$12K	$431K	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	740.39	+0.004%	$876	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.93	−0.058%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.18	−0.024%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.83	+0.063%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.16	−0.027%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.71	+0.047%	$751K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.09	−0.036%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.40	+0.005%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.27	−0.012%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.10	−0.035%	$557K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.44	+0.011%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.99	−0.050%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.71	−0.087%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.81	+0.061%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.27	−0.012%	$1.6M	$483K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.87	−0.066%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.29	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.16	−0.027%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.041%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0120%	1h	740.45	+0.012%	$856K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.43	+0.009%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.278%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0244%	1h	740.33	−0.004%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	741.24	+0.119%	$421K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0851%	4h	740.34	−0.002%	$62K	$334K	10x	as long as short