Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.100%

Price spread now: OKX against Extended+0.041%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 7 days+0.324%+$32 · spread now +0.041%, 7d avg +0.017%

Together, before fees+0.177%+ Points / potential airdropExtended: Active · farm board+$18 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: OKX is 0.023% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	745.42	0	get 0.0000% / 1h	56m 21s	$552K	$2.6M	17x
Short	OKX META-USDT-SWAP	745.72	0	get 0.0000% / 8h	1h 56m	$6.1M	$12.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.017%: $2.32
Slippage, 4 orders: −$15.5
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.18
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	0.67 bp	6.1 bp −$6	32.1 bp −$321	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.67 bp	11.5 bp −$12	23.3 bp −$233	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	745.72	+0.041%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0065%	1h	745.21	−0.028%	$482K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.25	−0.022%	$479K	$592K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	745.42	long leg	$552K	$2.6M	17x
Binance METAUSDT	0.0000%	8h	745.59	+0.023%	$27.6M	$184.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.58	+0.022%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	745.72	+0.041%	$6.1M	$12.6M	20x
Gate META_USDT	0.0000%	8h	745.15	−0.036%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.64	+0.030%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.29	−0.018%	$2.4M	$3.3M	—	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	745.40	−0.003%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.45	+0.004%	$657	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.11	−0.041%	$31K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.38	−0.005%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.03	+0.082%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.49	+0.010%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.84	+0.057%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.38	−0.005%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.98	+0.075%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.64	+0.030%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.16	−0.035%	$586K	$567K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.67	+0.034%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.32	−0.013%	$711K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.41	−0.001%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.54	+0.151%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.62	+0.027%	$1.6M	$663K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.88	−0.072%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.57	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.36	−0.008%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.35	−0.009%	$670K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+1.032%	$174K	$46K	30x	as long as short
Lighter META	+0.0312%	1h	745.94	+0.070%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0529%	1h	746.05	+0.085%	$76.5M	$126.3M	20x	as long as short
Hotstuff META-PERP	+0.0600%	1h	746.38	+0.129%	$33K	$105	20x	as long as short
Phoenix META	+0.0685%	1h	746.90	+0.199%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0887%	4h	745.56	+0.019%	$62K	$341K	10x	as long as short