Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: Ondo Perps against Bitget−0.039%7-day average −0.084% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.039%, 7d avg −0.084%

Together, before fees+0.091%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.045% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	740.42	0	get 0.0000% / 8h	1h 34m	$5.8M	$11.0M	100x
Short	Ondo Perps META-USD.P	740.13	0.0050	get 0.0006% / 1h	34m 22s	$666K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.039%Rate

Funding earned: $10.58
Price spread: −0.039% → −0.084%: $4.49
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.93
Costs to cover: 0.170%
Break-even: 8.3 days

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.47 bp	10.3 bp −$10	17.6 bp −$176	36.9 bp −$3,694	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 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	740.24	−0.024%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0068%	1h	740.47	+0.007%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.10	+0.092%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.23	−0.026%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.36	−0.008%	$26.9M	$177.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.43	+0.001%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.27	−0.020%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.91	−0.069%	$329K	$5.4M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	740.42	long leg	$5.8M	$11.0M	100x
Variational Omni META	0.0000%	8h	740.63	+0.028%	$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	740.67	+0.034%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.46	+0.005%	$666	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.34	−0.011%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.65	−0.104%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	+0.014%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.41	−0.001%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.73	+0.042%	$743K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.05	−0.050%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.11	+0.093%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.36	−0.008%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.55	+0.018%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.36	−0.008%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.27	−0.020%	—	—	5x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	740.13	−0.039%	$666K	$4.1M	10x
Aftermath Perps METAUSD	+0.0055%	1h	741.00	+0.079%	$49K	$63K	10x	as long as short
edgeX METAUSDC	+0.0058%	4h	740.42	0.000%	$62K	$330K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.35	−0.009%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	−0.012%	$291K	$791K	20x	as long as short
Lighter META	+0.0080%	1h	740.69	+0.036%	$861K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.47	+0.007%	$1.6M	$361K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.89	−0.072%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.49	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.36	−0.008%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0115%	1h	740.55	+0.018%	$68.3M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.28	−0.019%	$168K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0248%	1h	740.50	+0.011%	$33K	$105	20x	as long as short