Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0129%/8h= −14.2% APRpaid last 24h −0.092%

Price spread now: Bitget against edgeX−0.067%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.556%−$56 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.067%, 7d avg +0.006%

Together, before fees−0.428%+ Points / potential airdropedgeX: Active · farm board−$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.073% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	742.98	0.0129	pay 0.0065% / 4h	47m 26s	$62K	$337K	10x
Short	Bitget METAUSDT	742.48	0	get 0.0000% / 8h	4h 47m	$5.4M	$11.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$27.18
Price spread: −0.067% → +0.006%: −$7.29
Slippage, 4 orders: −$17.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.63
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from edgeX: live order book, 11 min ago; Bitget: live order book, 1 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 edgeX live order book, 11 min ago	5.31 bp	9.9 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.67 bp	10.2 bp −$10	16.5 bp −$165	33.8 bp −$3,381	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	743.19	+0.028%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	742.01	−0.131%	$480K	$552K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.45	−0.071%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.26	−0.097%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.39	−0.079%	$27.5M	$180.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.15	−0.112%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.28	−0.094%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.06	−0.124%	$363K	$5.7M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	742.48	−0.067%	$5.4M	$11.7M	100x
Variational Omni META	0.0000%	8h	742.77	−0.029%	$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	743.01	+0.005%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.95	−0.004%	$747	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.97	−0.136%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.47	−0.069%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.91	−0.009%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.59	−0.052%	$765K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.33	−0.087%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.47	−0.069%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.77	−0.028%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.46	−0.070%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.34	−0.086%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.49	−0.066%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.81	−0.157%	$711K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.25	−0.098%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.37	+0.052%	$50K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.56	−0.056%	$1.6M	$534K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.19	−0.106%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	−0.081%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.20	−0.106%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.26	−0.097%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	742.46	−0.070%	$33K	$105	20x	as long as short
edgeX METAUSDClong	+0.0129%	4h	742.98	long leg	$62K	$337K	10x
Lighter META	+0.0216%	1h	742.53	−0.060%	$857K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.79	+0.244%	$172K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0255%	1h	742.39	−0.079%	$69.4M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	743.92	+0.127%	$631K	$1.2M	20x	as long as short