Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.070%

Price spread now: Binance against Bybit+0.009%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 2 days (all we have)−0.033%−$3 · spread now +0.009%, 7d avg +0.013%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	740.33	0	get 0.0000% / 8h	2h 23m	$7.4M	$13.9M	100x
Short	Binance METAUSDT	740.40	0	get 0.0000% / 8h	2h 23m	$26.8M	$177.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.013%: −$0.34
Slippage, 4 orders: −$10.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.73
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 5 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, 5 min ago	1.22 bp	10.4 bp −$10	19.3 bp −$193	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.07 bp	5.8 bp −$6	12.8 bp −$128	41.7 bp −$4,174	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
Nado META-PERP	−0.0123%	1h	740.29	−0.005%	$398K	$316K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.39	+0.008%	$329K	$1.1M	20x	as long as short
Hotstuff META-PERP	−0.0096%	1h	740.49	+0.022%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.82	+0.066%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.31	−0.002%	$548K	$1.5M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	740.40	+0.009%	$26.8M	$177.4M	20x
Bybit METAUSDTlong	0.0000%	8h	740.33	long leg	$7.4M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.43	+0.014%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.07	−0.035%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.35	+0.003%	$5.7M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.36	+0.004%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.29	−0.005%	$12K	$529K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.88	+0.074%	$860	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.59	+0.035%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.17	−0.022%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.31	−0.003%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.24	−0.012%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.58	+0.034%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.60	+0.036%	$740K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.23	−0.014%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.90	+0.077%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.39	+0.008%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.47	+0.019%	$68.5M	$120.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.48	+0.020%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.30	−0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.32	−0.001%	$639K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.31	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0052%	1h	741.00	+0.090%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.009%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.34	+0.001%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.38	+0.007%	$1.6M	$352K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.35	+0.003%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.47	+0.019%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.39	+0.009%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0167%	4h	740.30	−0.004%	$62K	$328K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.21	−0.016%	$168K	$46K	30x	as long as short