Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h −0.043%

Price spread now: tradeXYZ against edgeX+0.023%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.379%−$38 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.023%, 7d avg −0.019%

Together, before fees−0.398%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.042% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.379%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	742.88	0.0188	pay 0.0094% / 4h	1h 02m	$62K	$337K	10x
Short	tradeXYZ xyz:META	743.05	0.0329	get 0.0041% / 1h	2m 53s	$69.4M	$120.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.023%Rate

Funding earned: $29.61
Price spread: +0.023% → −0.019%: $4.24
Slippage, 4 orders: −$12.05
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$5.2
Costs to cover: 0.390%
Break-even: 8.2 days

Slippage from edgeX: live order book, 60 min ago; tradeXYZ: live order book, 7 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, 60 min ago	5.13 bp	9.7 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.27 bp	9.7 bp −$10	10.5 bp −$105	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	742.81	−0.009%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0030%	1h	742.59	−0.039%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.50	−0.050%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.85	−0.005%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.13	+0.034%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.01	+0.018%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.07	+0.026%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.64	−0.032%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.08	+0.027%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	742.77	−0.015%	$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	742.91	+0.004%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.01	+0.018%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.41	−0.063%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.79	−0.012%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.94	+0.008%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.10	+0.030%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.67	−0.028%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.22	−0.089%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.06	+0.024%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.06	+0.024%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.71	−0.023%	$560K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.02	+0.019%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.16	−0.097%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	742.68	−0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.08	+0.027%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.87	−0.001%	$613K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.83	−0.007%	$1.6M	$528K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.51	−0.050%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.79	−0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.63	−0.034%	$267	—	10x	as long as short
edgeX METAUSDClong	+0.0188%	4h	742.88	long leg	$62K	$337K	10x
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.109%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	742.91	+0.004%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	743.08	+0.027%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:METAshort	+0.0329%	1h	743.05	+0.023%	$69.4M	$120.2M	20x
Phoenix META	+0.0496%	1h	743.64	+0.102%	$596K	$1.1M	20x	as long as short