Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: ApeX Omni against Gate+0.015%66s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$880.884% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.015%, 7d avg +0.013%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	745.76	0	get 0.0000% / 8h	2h 54m	$430K	$5.9M	100x
Short	ApeX Omni METAUSDT	745.87	0.0100	get 0.0013% / 1h	54m 14s	$167K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.015%Rate

Funding earned: $21
Price spread: +0.015% → +0.013%: $0.19
Slippage, 4 orders: −$63.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$67.18
Costs to cover: 0.884%
Break-even: 29.4 days

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 57 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 Gate live order book, 4 min ago	5.69 bp	13.6 bp −$14	33.7 bp −$337	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 57 min ago	2.62 bp	30.2 bp −$30	624.6 bp −$6,246	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	746.09	+0.044%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.53	+0.103%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.96	+0.027%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.10	+0.045%	$28.4M	$181.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.95	+0.025%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.17	+0.055%	$6.0M	$12.7M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	745.76	long leg	$430K	$5.9M	100x
Variational Omni META	0.0000%	8h	746.09	+0.045%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.62	+0.115%	$12K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.14	+0.051%	$1K	$8.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.69	−0.009%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.92	+0.021%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.46	+0.094%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	746.02	+0.035%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.29	+0.071%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	746.04	+0.038%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0048%	1h	746.22	+0.062%	$768K	$2.9M	20x	as long as short
Nado META-PERP	+0.0049%	1h	745.47	−0.040%	$482K	$557K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.78	+0.003%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.02	+0.035%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.27	−0.066%	$759K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	745.96	+0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.88	+0.150%	$52K	$82K	10x	as long as short
Bitget METAUSDT	+0.0095%	8h	746.16	+0.054%	$5.5M	$11.9M	100x	as long as short
Popdex METAUSDT	+0.0096%	1h	746.21	+0.060%	$179K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.25	+0.066%	$1.6M	$630K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	745.87	+0.015%	$167K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.15	+0.052%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.99	+0.031%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.087%	$671K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.434%	$173K	$46K	30x	as long as short
Lighter META	+0.0312%	1h	746.24	+0.064%	$964K	$2.5M	20x	as long as short
edgeX METAUSDC	+0.0383%	4h	746.75	+0.133%	$62K	$338K	10x	as long as short
Hotstuff META-PERP	+0.0440%	1h	746.25	+0.066%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0504%	1h	746.47	+0.095%	$72.5M	$122.2M	20x	as long as short
Phoenix META	+0.0633%	1h	748.29	+0.339%	$799K	$1.4M	20x	as long as short