Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: Binance against OKX+0.005%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days+0.018%+$2 · spread now +0.005%, 7d avg +0.010%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	741.35	0	get 0.0000% / 8h	5h 33m	$5.9M	$13.3M	20x
Short	Binance METAUSDT	741.39	0	get 0.0000% / 8h	5h 33m	$27.3M	$178.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.010%: −$0.45
Slippage, 4 orders: −$13.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.07
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 10 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 OKX live order book, 5 min ago	1.75 bp	10.6 bp −$11	22.9 bp −$229	doesn't fit	doesn't fit
Sell Binance live order book, 10 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	+0.008%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	741.01	−0.046%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.67	+0.043%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.18	−0.023%	$549K	$2.7M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	741.39	+0.005%	$27.3M	$178.8M	20x
Bybit METAUSDT	0.0000%	8h	741.38	+0.004%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	741.35	long leg	$5.9M	$13.3M	20x
Gate META_USDT	0.0000%	8h	741.02	−0.045%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.41	+0.008%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	−0.030%	$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	741.41	+0.008%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.29	−0.008%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.82	−0.071%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.36	+0.001%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.39	+0.005%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.51	+0.022%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.20	−0.020%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.88	−0.063%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.57	+0.030%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.43	+0.011%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.12	−0.031%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.37	+0.003%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.51	−0.113%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	741.14	−0.028%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.13	+0.105%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.063%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.43	+0.011%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.62	−0.098%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.34	−0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.24	−0.014%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.293%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	741.47	+0.016%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0248%	1h	741.47	+0.016%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0314%	4h	741.26	−0.012%	$62K	$336K	10x	as long as short
tradeXYZ xyz:META	+0.0340%	1h	741.42	+0.009%	$69.2M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	741.90	+0.074%	$526K	$1.1M	20x	as long as short