Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.121%

Price spread now: Binance against Extended+0.035%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 7 days+0.373%+$37 · spread now +0.035%, 7d avg +0.036%

Together, before fees+0.174%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	741.12	0	get 0.0000% / 1h	34m 41s	$549K	$2.7M	17x
Short	Binance METAUSDT	741.38	0	get 0.0000% / 8h	5h 34m	$27.3M	$178.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.036%: −$0.11
Slippage, 4 orders: −$8.97
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.07
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Binance: live order book, 9 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 Extended live order book, 4 min ago	0.27 bp	5.4 bp −$5	28.0 bp −$280	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.07 bp	6.3 bp −$6	11.9 bp −$119	38.9 bp −$3,888	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	741.41	+0.039%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	740.90	−0.030%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.65	+0.071%	$466K	$549K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	741.12	long leg	$549K	$2.7M	17x
Binance METAUSDTshort	0.0000%	8h	741.38	+0.035%	$27.3M	$178.8M	20x
Bybit METAUSDT	0.0000%	8h	741.38	+0.035%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.35	+0.030%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.13	+0.001%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.41	+0.039%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	+0.001%	$2.3M	$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	741.23	+0.014%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.33	+0.028%	$950	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.86	−0.036%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.24	+0.016%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.40	+0.037%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.61	+0.066%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.20	+0.010%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.85	−0.037%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.52	+0.053%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.40	+0.037%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.18	+0.008%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.36	+0.032%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.67	−0.061%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	741.18	+0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.15	+0.138%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.094%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.49	+0.049%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.43	−0.094%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.34	+0.029%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.22	+0.013%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.323%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.56	+0.059%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0248%	1h	741.42	+0.040%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0340%	1h	741.47	+0.047%	$69.2M	$120.1M	20x	as long as short
edgeX METAUSDC	+0.0464%	4h	741.05	−0.010%	$62K	$336K	10x	as long as short
Phoenix META	+0.0496%	1h	741.90	+0.105%	$526K	$1.1M	20x	as long as short