Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0737%/8h= +80.7% APRpaid last 24h +0.081%

Price spread now: edgeX against Nado+0.193%62s7-day average +0.025% · 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—prices read too far apart to compare

costs, in and out, $10k−$440.436% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.491%+$49 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.193%, 7d avg +0.025%

Together, before fees+0.427%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and edgeX is 0.167% dearer against Nado than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 62 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	Nado META-PERP	739.44	0.0014	pay 0.0002% / 1h	53m 41s	$384K	$334K	20x
Short	edgeX METAUSDC	740.87	0.0751	get 0.0375% / 4h	3h 53m	$62K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.193%Rate

Funding earned: $154.81
Price spread: +0.193% → +0.025%: $16.72
Slippage, 4 orders: −$27.65
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $127.89
Costs to cover: 0.436%
Break-even: 1.2 days

Slippage from Nado: live order book, 19 min ago; edgeX: live order book, 20 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, 19 min ago	0.41 bp	13.5 bp −$14	26.4 bp −$264	doesn't fit	doesn't fit
Sell edgeX live order book, 20 min ago	5.19 bp	9.8 bp −$10	11.2 bp −$112	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	740.04	+0.081%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.89	+0.196%	$461K	$545K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.93	+0.066%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.16	+0.097%	$27.4M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.12	+0.092%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.15	+0.096%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.61	+0.023%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.17	+0.099%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	+0.144%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.74	+0.176%	$12K	$484K	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	739.79	+0.047%	$849	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.51	+0.009%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.81	+0.185%	$2.0M	$7K	10x	as long as short
Nado META-PERPlong	+0.0014%	1h	739.44	long leg	$384K	$334K	20x
Lighter RH META	+0.0032%	1h	740.22	+0.105%	$758K	$3.1M	20x	as long as short
Ondo Perps META-USD.P	+0.0036%	1h	739.05	−0.053%	$746K	$4.3M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.11	+0.091%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.86	+0.057%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.56	+0.016%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.91	+0.063%	$24K	$3K	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.73	+0.039%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	740.26	+0.111%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	739.81	+0.050%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	740.18	+0.100%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.18	+0.100%	$1.6M	$410K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.19	+0.101%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.95	+0.069%	$1K	$24	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0102%	1h	739.63	+0.026%	$30K	$253K	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.72	+0.038%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0119%	1h	740.00	+0.076%	$67.6M	$121.2M	20x	as long as short
Phoenix META	+0.0129%	1h	740.67	+0.166%	$291K	$930K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	+0.091%	$602K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	+0.118%	$168K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.39	+0.128%	$856K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0328%	1h	740.08	+0.086%	$33K	$105	20x	as long as short
edgeX METAUSDCshort	+0.0751%	4h	740.87	+0.193%	$62K	$332K	10x