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

META

RWAall META markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.018%
Price spread now: ApeX Omni against QFEX−0.031%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$730.726% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.082%+$8 on $10k
Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.031%, 7d avg −0.045%
Together, before fees+0.012%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX META-USD740.440.0012pay 0.0002% / 1h1m 24s$2.2M$14.2M10x
ShortApeX Omni METAUSDT740.210.0100get 0.0013% / 1h1m 24s$166K$73K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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
$18.46
Price spread: −0.031% → −0.045%
$1.35
Slippage, 4 orders
−$52.6
Fee QFEX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$52.79
Costs to cover
0.726%
Break-even
27.0 days
Slippage from QFEX: live order book, 13 min ago; ApeX Omni: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 13 min ago1.28 bp6.3 bp −$66.9 bp −$69doesn't fitdoesn't fit
Sell ApeX Omni live order book, 19 min ago2.63 bp32.0 bp −$32480.4 bp −$4,804doesn't fitdoesn't fit

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%8h740.47+0.004%$329K$1.1M20xas long as short
Nado META-PERP−0.0103%1h740.29−0.020%$397K$317K20xas long as short
Hotstuff META-PERP−0.0040%1h740.66+0.030%$33K$10520xas long as short
Aster METAUSDT0.0000%8h740.96+0.070%$457K$536K20xas long as short
Extended META_24_5-USD0.0000%1h740.46+0.003%$548K$1.5M17xas long as short
Binance METAUSDT0.0000%8h740.53+0.012%$26.9M$177.5M20xas long as short
Bybit METAUSDT0.0000%8h740.52+0.011%$7.4M$13.9M100xas long as short
OKX META-USDT-SWAP0.0000%8h740.45+0.001%$6.0M$13.1M20xas long as short
Gate META_USDT0.0000%8h739.98−0.062%$318K$5.4M100xas long as short
Bitget METAUSDT0.0000%8h740.58+0.019%$5.8M$11.0M100xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni META0.0000%8h740.46+0.003%$1.6M$2.5Mas long as short
GRVT META_USDT_Perp0.0000%8h740.42−0.003%$12K$521K10xas long as short
SunX META-USDT0.0000%8h740.96+0.070%$1K$9.5M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h740.55+0.015%$30K$256K10xas long as short
HTX META-USDT0.0000%8h740.35−0.012%$105K$283K30xas long as short
Phemex METAUSDT0.0000%4h740.50+0.008%$2.0M$8K10xas long as short
QFEX META-USDlong+0.0012%1h740.44long leg$2.2M$14.2M10x
Lighter META+0.0032%1h740.73+0.039%$860K$2.6M20xas long as short
Lighter RH META+0.0032%1h740.74+0.041%$748K$3.2M20xas long as short
Arcus META-USD+0.0040%1h740.29−0.020%$263K$313K10xas long as short
Vest META-USD-PERP+0.0046%1h740.91+0.063%$9K25xas long as short
Popdex METAUSDT+0.0048%1h740.52+0.011%$178K$201K20xas long as short
Polymarket Perps META-USD+0.0050%1h740.62+0.024%$541K$840K10xas long as short
SoDEX META-USD+0.0050%1h740.43−0.001%$24K$3K10xas long as short
Paradex META-USD-PERP+0.0050%8h740.38−0.008%5xas long as short
Ondo Perps META-USD.P+0.0050%1h740.24−0.027%$649K$4.0M10xas long as short
Aftermath Perps METAUSD+0.0052%1h741.03+0.080%$45K$61K10xas long as short
tradeXYZ xyz:META+0.0053%1h740.70+0.035%$68.5M$120.6M20xas long as short
Coinbase International META-PERP-INTX+0.0080%1h740.26−0.024%$607K$7.3M10xas long as short
Phoenix META+0.0097%1h740.62+0.024%$291K$782K20xas long as short
KuCoin METAUSDTM+0.0100%8h740.32−0.016%$1.6M$354K20xas long as short
ApeX Omni METAUSDTshort+0.0100%1h740.21−0.031%$166K$73K50x
Orderly PERP_META_USDC_mythos+0.0100%8h740.50+0.008%$1K$2410xas long as short
Aevo META-PERP+0.0104%1h740.34−0.013%$26710xas long as short
Injective META/USDC PERP+0.0220%1h740.24−0.027%$168K$46K30xas long as short
edgeX METAUSDC+0.0972%4h740.41−0.004%$62K$330K10xas long as short