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 −0.021%

Price spread now: Bitget against Bybit−0.016%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.016%, 7d avg +0.020%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.036% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	743.13	0	get 0.0000% / 8h	53m 16s	$7.5M	$14.0M	100x
Short	Bitget METAUSDT	743.01	0	get 0.0000% / 8h	53m 16s	$5.8M	$11.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.020%: −$3.58
Slippage, 4 orders: −$15.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.22
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, just now.

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	0.07 bp	10.7 bp −$11	20.9 bp −$209	doesn't fit	doesn't fit
Sell Bitget live order book, just now	0.94 bp	9.9 bp −$10	20.9 bp −$209	37.4 bp −$3,737	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	743.23	+0.013%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	742.74	−0.053%	$391K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.91	−0.030%	$459K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.08	−0.007%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.22	+0.012%	$27.2M	$179.1M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	743.13	long leg	$7.5M	$14.0M	100x
OKX META-USDT-SWAP	0.0000%	8h	743.33	+0.027%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.65	−0.065%	$344K	$5.5M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	743.01	−0.016%	$5.8M	$11.3M	100x
Variational Omni META	0.0000%	8h	742.51	−0.083%	$2.1M	$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	743.03	−0.013%	$12K	$485K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.94	−0.026%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.94	−0.026%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.79	−0.046%	$2.0M	$7K	10x	as long as short
edgeX METAUSDC	+0.0022%	4h	742.87	−0.035%	$62K	$331K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.03	−0.013%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.45	+0.043%	$762K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.65	−0.065%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.38	+0.034%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.21	+0.011%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.17	+0.005%	$543K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.19	+0.008%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.23	−0.121%	$722K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.00	−0.017%	—	—	5x	as long as short
Deribit META_USDC-PERPETUAL	+0.0060%	1h	743.01	−0.016%	$30K	$257K	10x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	743.32	+0.026%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.58	−0.074%	$606K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.79	−0.046%	$1.6M	$374K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.04	−0.147%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.24	+0.015%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.13	+0.001%	$268	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.03	−0.013%	$292K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0144%	1h	743.14	+0.001%	$33K	$105	20x	as long as short
Lighter META	+0.0184%	1h	743.46	+0.044%	$865K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.22	−0.122%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0220%	1h	743.23	+0.013%	$67.6M	$122.1M	20x	as long as short