Settings8H · net · $10k
Funding arb · Price arb /

META

RWAall META markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against Orderly+0.011%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_META_USDC_mythos740.000.0100pay 0.0100% / 8h7h 09m$1K$2410x
ShortBinance METAUSDT740.080get 0.0000% / 8h7h 09m$27.4M$179.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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

Funding earned
−$21
Price spread: +0.011% → 0.000%
$1.08
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Binance: 5 bp × 2 orders
−$10
Net
−$35.92
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Binance live order book, 4 min ago0.07 bp5.2 bp −$511.4 bp −$11438.8 bp −$3,880doesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin META-USDT−0.0120%8h739.91−0.012%$326K$1.1M20xas long as short
Nado META-PERP−0.0078%1h739.77−0.031%$454K$461K20xas long as short
Aster METAUSDT0.0000%8h739.98−0.002%$466K$549K20xas long as short
Extended META_24_5-USD0.0000%1h740.02+0.002%$550K$2.7M17xas long as short
Binance METAUSDTshort0.0000%8h740.08+0.011%$27.4M$179.7M20x
Bybit METAUSDT0.0000%8h740.29+0.039%$7.6M$13.9M100xas long as short
OKX META-USDT-SWAP0.0000%8h740.11+0.015%$6.0M$13.2M20xas long as short
Gate META_USDT0.0000%8h739.88−0.016%$349K$5.6M100xas long as short
Bitget METAUSDT0.0000%8h739.88−0.016%$5.6M$11.1M100xas long as short
Variational Omni META0.0000%8h739.81−0.026%$2.4M$3.3Mas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT META_USDT_Perp0.0000%8h740.32+0.043%$12K$459K10xas long as short
SunX META-USDT0.0000%8h740.47+0.064%$890$9.3M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h739.73−0.036%$30K$246K10xas long as short
HTX META-USDT0.0000%8h739.99−0.001%$105K$295K30xas long as short
Phemex METAUSDT0.0000%4h740.09+0.012%$2.0M$8K10xas long as short
Lighter RH META+0.0032%1h740.28+0.038%$752K$3.2M20xas long as short
Vest META-USD-PERP+0.0046%1h740.29+0.039%$11K25xas long as short
Popdex METAUSDT+0.0048%1h740.19+0.026%$178K$194K20xas long as short
Polymarket Perps META-USD+0.0050%1h739.91−0.012%$557K$857K10xas long as short
SoDEX META-USD+0.0050%1h739.99−0.001%$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h739.52−0.065%$666K$4.4M10xas long as short
QFEX META-USD+0.0055%1h739.90−0.014%$2.2M$14.2M10xas long as short
Hotstuff META-PERP+0.0056%1h739.98−0.003%$33K$10520xas long as short
Paradex META-USD-PERP+0.0061%8h739.92−0.010%5xas long as short
Arcus META-USD+0.0063%1h739.64−0.049%$110K$331K10xas long as short
Aftermath Perps METAUSD+0.0069%1h740.49+0.066%$48K$80K10xas long as short
KuCoin METAUSDTM+0.0100%8h740.17+0.023%$1.6M$449K20xas long as short
ApeX Omni METAUSDT+0.0100%1h739.88−0.016%$166K$71K50xas long as short
Orderly PERP_META_USDC_mythoslong+0.0100%8h740.00long leg$1K$2410x
Aevo META-PERP+0.0104%1h739.84−0.022%$26610xas long as short
Coinbase International META-PERP-INTX+0.0144%1h739.80−0.027%$614K$7.3M10xas long as short
tradeXYZ xyz:META+0.0161%1h740.14+0.019%$67.7M$120.8M20xas long as short
Lighter META+0.0200%1h740.26+0.035%$852K$2.5M20xas long as short
Injective META/USDC PERP+0.0220%1h741.98+0.268%$171K$48K30xas long as short
Phoenix META+0.0259%1h740.72+0.097%$318K$930K20xas long as short
edgeX METAUSDC+0.0833%4h740.25+0.033%$62K$336K10xas long as short