Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.016%

Price spread now: Binance against Ondo Perps+0.108%7-day average +0.090% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.108%, 7d avg +0.090%

Together, before fees−0.203%+ Points / potential airdropOndo Perps: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	743.31	0.0050	pay 0.0006% / 1h	51m 16s	$800K	$4.6M	10x
Short	Binance METAUSDT	744.12	0	get 0.0000% / 8h	3h 51m	$28.4M	$183.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.108%Rate

Funding earned: −$10.58
Price spread: +0.108% → +0.090%: $1.8
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.79
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 7 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	0.20 bp	6.6 bp −$7	11.4 bp −$114	40.0 bp −$4,003	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	744.20	+0.120%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0015%	1h	743.69	+0.052%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.96	+0.088%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.98	+0.090%	$550K	$2.7M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	744.12	+0.108%	$28.4M	$183.0M	20x
Bybit METAUSDT	0.0000%	8h	743.80	+0.066%	$7.6M	$14.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.77	+0.062%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.70	+0.052%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.07	+0.102%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.70	+0.188%	$2.4M	$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	744.65	+0.180%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.11	+0.108%	$628	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.62	+0.042%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.95	+0.086%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.53	+0.164%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.34	+0.139%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.06	+0.101%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.16	+0.114%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.06	+0.101%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.70	+0.052%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.13	+0.110%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	743.31	long leg	$800K	$4.6M	10x
QFEX META-USD	+0.0058%	1h	743.88	+0.077%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.72	+0.190%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0099%	8h	743.87	+0.075%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.14	+0.112%	$1.6M	$597K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.72	+0.055%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.10	+0.106%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.98	+0.090%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.82	+0.069%	$623K	$7.4M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	744.13	+0.110%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.53	+0.433%	$172K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	744.28	+0.130%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0317%	1h	744.23	+0.124%	$70.0M	$121.0M	20x	as long as short
edgeX METAUSDC	+0.0578%	4h	744.50	+0.160%	$62K	$337K	10x	as long as short
Phoenix META	+0.0633%	1h	745.49	+0.293%	$754K	$1.4M	20x	as long as short