Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.3% APRpaid last 24h +0.015%

Price spread now: Nado against BloFin−0.084%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.084%, 7d avg −0.040%

Together, before fees−0.120%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.044% cheaper against BloFin than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.040%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	743.99	−0.0120	get 0.0120% / 8h	4h 18m	$329K	$1.1M	20x
Short	Nado META-PERP	743.36	−0.0025	pay 0.0003% / 1h	18m 48s	$481K	$553K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.084%Rate

Funding earned: $19.85
Price spread: −0.084% → −0.040%: −$4.42
Slippage, 4 orders: −$12.81
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$16.38
Costs to cover: 0.318%
Break-even: 12.8 days

Slippage from BloFin: live order book, 3 min ago; Nado: live order book, 39 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, 3 min ago	0.07 bp	7.0 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit
Sell Nado live order book, 39 min ago	0.47 bp	4.0 bp −$4	12.0 bp −$120	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	743.99	long leg	$329K	$1.1M	20x
Nado META-PERPshort	−0.0025%	1h	743.36	−0.084%	$481K	$553K	20x
Aster METAUSDT	0.0000%	8h	743.55	−0.060%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.96	−0.004%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.29	+0.040%	$27.7M	$181.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.07	+0.011%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.08	+0.012%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.55	−0.059%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.27	+0.038%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.78	−0.163%	$2.4M	$3.1M	—	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	742.66	−0.179%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.42	−0.077%	$672	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.96	−0.004%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.46	−0.071%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.14	+0.020%	$772K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.10	+0.015%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.49	−0.202%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.14	+0.020%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.35	+0.048%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.76	−0.031%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.38	−0.082%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.54	−0.060%	$765K	$4.5M	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0059%	1h	743.49	−0.067%	$31K	$246K	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	743.74	−0.034%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.28	−0.095%	$52K	$83K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.62	−0.050%	$1.6M	$549K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.26	−0.233%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.96	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.68	−0.042%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.88	−0.149%	$626K	$7.2M	10x	as long as short
edgeX METAUSDC	+0.0137%	4h	742.55	−0.194%	$62K	$336K	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.98	−0.136%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.66	−0.179%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	744.09	+0.013%	$864K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0269%	1h	743.96	−0.004%	$69.5M	$120.5M	20x	as long as short
Phoenix META	+0.0591%	1h	743.61	−0.051%	$691K	$1.2M	20x	as long as short