Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.090%

Price spread now: edgeX against OKX−0.030%71s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs+$19as 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−$370.368% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.557%+$56 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.030%, 7d avg 0.000%

Together, before fees+0.569%+ Points / potential airdropedgeX: Active · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.030% cheaper against OKX than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of 0.000%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day). The two prices were read 71 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	OKX META-USDT-SWAP	738.99	0	get 0.0000% / 8h	7h 32m	$6.0M	$13.2M	20x
Short	edgeX METAUSDC	738.77	0.0143	get 0.0072% / 4h	3h 32m	$62K	$334K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $30.09
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: −$17.8
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$9.69
Costs to cover: 0.368%
Break-even: 9.3 days

Slippage from OKX: live order book, 1 min ago; edgeX: live order book, 41 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, 1 min ago	0.68 bp	7.8 bp −$8	21.4 bp −$214	doesn't fit	doesn't fit
Sell edgeX live order book, 41 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	738.97	−0.003%	$329K	$1.1M	20x	as long as short
Phemex METAUSDT	−0.0022%	4h	738.98	−0.001%	$2.0M	$8K	10x	as long as short
Aster METAUSDT	0.0000%	8h	739.19	+0.027%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.13	+0.019%	$551K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.03	+0.006%	$27.3M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.15	+0.022%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	738.99	long leg	$6.0M	$13.2M	20x
Gate META_USDT	0.0000%	8h	738.61	−0.051%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.98	−0.001%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	738.79	−0.027%	$2.3M	$3.3M	—	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	738.91	−0.011%	$12K	$479K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.25	+0.035%	$574	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	738.88	−0.015%	$30K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	738.62	−0.050%	$106K	$291K	30x	as long as short
Nado META-PERP	+0.0016%	1h	738.65	−0.046%	$371K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.09	+0.014%	$756K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.22	+0.031%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.00	+0.001%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	738.79	−0.027%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.09	+0.014%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.15	−0.114%	$692K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.01	+0.003%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.41	−0.078%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	738.76	−0.031%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.40	+0.055%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	738.96	−0.004%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.06	+0.009%	$1.6M	$428K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	738.44	−0.074%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.34	+0.047%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.15	+0.021%	$266	—	10x	as long as short
edgeX METAUSDCshort	+0.0143%	4h	738.77	−0.030%	$62K	$334K	10x
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.068%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0173%	1h	738.95	−0.005%	$67.4M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.02	+0.275%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	738.15	−0.114%	$277K	$930K	20x	as long as short
Lighter META	+0.0264%	1h	739.16	+0.023%	$851K	$2.5M	20x	as long as short