Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.023%

Price spread now: Binance against Nado+0.056%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.056%, 7d avg +0.034%

Together, before fees+0.005%+ Points / potential airdropNado: Active · farm board$0 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: Binance is 0.022% dearer against Nado than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	745.39	0.0006	pay 0.0001% / 1h	12m 04s	$482K	$557K	20x
Short	Binance METAUSDT	745.81	0	get 0.0000% / 8h	2h 12m	$27.7M	$182.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now +0.056%Rate

Funding earned: −$1.3
Price spread: +0.056% → +0.034%: $2.18
Slippage, 4 orders: −$16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.12
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from Nado: live order book, 36 min ago; Binance: 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 Nado live order book, 36 min ago	0.60 bp	10.0 bp −$10	46.7 bp −$467	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.07 bp	5.7 bp −$6	12.1 bp −$121	44.1 bp −$4,409	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	744.66	−0.098%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.95	−0.059%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.67	+0.038%	$549K	$2.6M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	745.81	+0.056%	$27.7M	$182.6M	20x
Bybit METAUSDT	0.0000%	8h	745.64	+0.034%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.00	+0.082%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.15	−0.032%	$435K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.83	+0.059%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.82	−0.210%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.06	−0.178%	$12K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.29	−0.147%	$745	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.27	−0.016%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.67	+0.038%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.20	−0.025%	$2.0M	$8K	10x	as long as short
Nado META-PERPlong	+0.0006%	1h	745.39	long leg	$482K	$557K	20x
Lighter RH META	+0.0032%	1h	746.04	+0.087%	$766K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.94	−0.194%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.73	+0.046%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.51	+0.016%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.72	+0.044%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.39	0.000%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.08	−0.176%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.98	−0.055%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	745.73	+0.046%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	744.74	−0.087%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.25	−0.019%	$1.6M	$655K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.53	−0.249%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.38	−0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.13	−0.034%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.53	−0.115%	$655K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.083%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	746.12	+0.098%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.50	−0.119%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0449%	1h	746.35	+0.129%	$75.8M	$125.5M	20x	as long as short
edgeX METAUSDC	+0.0646%	4h	743.83	−0.209%	$62K	$342K	10x	as long as short
Phoenix META	+0.0685%	1h	744.89	−0.067%	$795K	$1.4M	20x	as long as short