Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.035%

Price spread now: ApeX Omni against BloFin−0.058%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$730.725% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.393%+$39 on $10k

Price spread, last 3 days (all we have)−0.097%−$10 · spread now −0.058%, 7d avg −0.057%

Together, before fees+0.296%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	739.43	−0.0120	get 0.0120% / 8h	7h 27m	$328K	$1.1M	20x
Short	ApeX Omni METAUSDT	739.00	0.0100	get 0.0013% / 1h	27m 21s	$166K	$72K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.058%Rate

Funding earned: $46.2
Price spread: −0.058% → −0.057%: −$0.09
Slippage, 4 orders: −$50.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.4
Costs to cover: 0.725%
Break-even: 11.0 days

Slippage from BloFin: live order book, 5 min ago; ApeX Omni: live order book, 44 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 BloFin live order book, 5 min ago	0.07 bp	6.7 bp −$7	12.4 bp −$124	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	2.63 bp	39.9 bp −$40	658.5 bp −$6,585	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-USDTlong	−0.0120%	8h	739.43	long leg	$328K	$1.1M	20x
Nado META-PERP	−0.0002%	1h	739.16	−0.037%	$392K	$357K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.66	+0.031%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.33	−0.013%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.49	+0.008%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.42	−0.001%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.32	−0.015%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.21	−0.030%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.34	−0.012%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.38	−0.007%	$2.3M	$3.3M	—	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	739.41	−0.003%	$12K	$471K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.84	+0.055%	$884	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.15	−0.038%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.17	−0.035%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.57	+0.019%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.67	+0.032%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.75	+0.043%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.47	+0.005%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.35	−0.011%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.38	−0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.73	−0.095%	$691K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.45	+0.003%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.92	−0.069%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	739.28	−0.021%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	739.70	+0.037%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.53	+0.014%	$1.6M	$433K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	739.00	−0.058%	$166K	$72K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.48	+0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.32	−0.014%	$266	—	10x	as long as short
Hotstuff META-PERP	+0.0144%	1h	739.44	+0.001%	$33K	$105	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.127%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0174%	1h	739.46	+0.004%	$67.5M	$121.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.90	+0.199%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	739.66	+0.031%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.71	+0.038%	$282K	$930K	20x	as long as short
edgeX METAUSDC	+0.0674%	4h	739.36	−0.009%	$62K	$332K	10x	as long as short