Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.169%

Price spread now: Extended against BloFin−0.025%54s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs+$7as 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−$250.250% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.324%+$32 on $10k

Price spread, last 3 days (all we have)−0.153%−$15 · spread now −0.025%, 7d avg −0.039%

Together, before fees+0.171%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. 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	BloFin META-USDT	741.25	−0.0120	get 0.0120% / 8h	1h 20m	$328K	$1.1M	20x
Short	Extended META_24_5-USD	741.07	0	get 0.0000% / 1h	20m 05s	$548K	$1.5M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.025%Rate

Funding earned: $25.2
Price spread: −0.025% → −0.039%: $1.38
Slippage, 4 orders: −$7.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.59
Costs to cover: 0.250%
Break-even: 6.6 days

Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 3 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, 2 min ago	0.07 bp	8.3 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.07 bp	5.0 bp −$5	19.1 bp −$191	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	741.25	long leg	$328K	$1.1M	20x
Nado META-PERP	−0.0079%	1h	741.24	−0.001%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.069%	$458K	$536K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	741.07	−0.025%	$548K	$1.5M	17x
Binance METAUSDT	0.0000%	8h	741.20	−0.007%	$26.9M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.21	−0.005%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.09	−0.022%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.78	−0.063%	$343K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.20	−0.007%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	741.31	+0.008%	$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	741.33	+0.011%	$12K	$504K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.23	−0.003%	$695	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.19	−0.008%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.07	−0.024%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.26	+0.001%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.18	−0.009%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.53	+0.038%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.96	−0.039%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.68	+0.058%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.26	+0.001%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.33	+0.011%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.21	−0.005%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.21	−0.005%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.12	−0.018%	$648K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	741.95	+0.095%	$50K	$66K	10x	as long as short
Lighter META	+0.0064%	1h	741.50	+0.034%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.046%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.24	−0.001%	$291K	$791K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.14	−0.015%	$1.6M	$365K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.97	−0.038%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.34	+0.012%	$1K	$24	10x	as long as short
tradeXYZ xyz:META	+0.0102%	1h	741.39	+0.019%	$68.6M	$120.9M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	741.11	−0.019%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0144%	1h	741.33	+0.011%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.35	+0.283%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0878%	4h	741.29	+0.006%	$62K	$330K	10x	as long as short