Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Bybit against OKX+0.008%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.008%, 7d avg −0.016%

Together, before fees−0.029%−$3 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: Bybit is 0.024% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	743.62	0	get 0.0000% / 8h	48m 01s	$6.0M	$13.2M	20x
Short	Bybit METAUSDT	743.68	0	get 0.0000% / 8h	48m 01s	$7.5M	$14.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.016%: $2.39
Slippage, 4 orders: −$21.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.69
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from OKX: live order book, just now; Bybit: live order book, 5 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, just now	0.20 bp	9.7 bp −$10	18.7 bp −$187	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.95 bp	12.7 bp −$13	31.0 bp −$310	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	743.07	−0.074%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0061%	1h	743.33	−0.040%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.20	−0.056%	$459K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.49	−0.017%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.62	0.000%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	743.68	+0.008%	$7.5M	$14.0M	100x
OKX META-USDT-SWAPlong	0.0000%	8h	743.62	long leg	$6.0M	$13.2M	20x
Gate META_USDT	0.0000%	8h	743.04	−0.078%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.53	−0.012%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.97	−0.087%	$2.3M	$3.2M	—	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	743.14	−0.065%	$13K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.19	−0.058%	$899	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.30	−0.043%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.29	−0.044%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.26	−0.048%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.42	−0.027%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.93	+0.042%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.03	−0.079%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.76	+0.019%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.46	−0.022%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.57	−0.007%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.36	−0.035%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.46	−0.156%	$782K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.31	−0.041%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	743.38	−0.032%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.046%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.25	−0.050%	$1.6M	$377K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.72	−0.121%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.54	−0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.33	−0.040%	$268	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.03	−0.079%	$292K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.34	−0.038%	$33K	$105	20x	as long as short
Lighter META	+0.0152%	1h	743.76	+0.019%	$865K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0217%	1h	743.80	+0.024%	$67.6M	$122.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.120%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0684%	4h	742.95	−0.089%	$62K	$332K	10x	as long as short