Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.005%

Price spread now: ApeX Omni against Bybit+0.038%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$620.615% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$18 on $10k

Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.038%, 7d avg −0.042%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.080% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	741.48	0	get 0.0000% / 8h	25m 19s	$7.5M	$14.0M	100x
Short	ApeX Omni METAUSDT	741.76	0.0100	get 0.0013% / 1h	25m 19s	$166K	$74K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.038%Rate

Funding earned: $21
Price spread: +0.038% → −0.042%: $8.02
Slippage, 4 orders: −$40.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.49
Costs to cover: 0.615%
Break-even: 17.8 days

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 51 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 Bybit live order book, 3 min ago	2.09 bp	10.3 bp −$10	19.9 bp −$199	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	2.63 bp	24.1 bp −$24	506.3 bp −$5,063	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-USDT	−0.0120%	8h	741.75	+0.036%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0029%	1h	740.95	−0.071%	$389K	$330K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.41	−0.009%	$456K	$539K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.57	+0.012%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.63	+0.020%	$27.3M	$179.8M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	741.48	long leg	$7.5M	$14.0M	100x
OKX META-USDT-SWAP	0.0000%	8h	741.48	0.000%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.11	−0.050%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.53	+0.007%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.73	+0.034%	$2.3M	$3.2M	—	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	741.75	+0.036%	$13K	$481K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.42	−0.008%	$721	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.63	+0.020%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.30	+0.111%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.55	+0.009%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.67	+0.026%	$755K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.21	−0.036%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.64	+0.022%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.63	+0.020%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.52	+0.005%	$546K	$845K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.58	+0.013%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.05	−0.058%	$760K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	741.29	−0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	742.51	+0.139%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.41	−0.009%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.54	+0.008%	$1.6M	$385K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	741.76	+0.038%	$166K	$74K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.70	+0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.55	+0.010%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.53	+0.007%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0160%	1h	741.47	−0.001%	$33K	$105	20x	as long as short
Lighter META	+0.0208%	1h	741.68	+0.027%	$856K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.72	+0.302%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0254%	1h	741.52	+0.005%	$67.7M	$122.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0303%	1h	741.31	−0.023%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0994%	4h	742.29	+0.110%	$62K	$334K	10x	as long as short