Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against SoDEX−0.043%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.043% cheaper against SoDEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	744.90	0.0050	pay 0.0006% / 1h	28m 28s	$25K	$3K	10x
Short	Ondo Perps META-USD.P	744.58	0.0050	get 0.0006% / 1h	28m 28s	$696K	$5.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SoDEX. 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 SoDEXbpFee Ondo PerpsbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0.08
Price spread: −0.043% → 0.000%: −$4.3
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$17.21
Costs to cover: 0.130%
Break-even: 1441.3 days

Slippage unknown: SoDEX: no order-book sample; Ondo Perps: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

SoDEX and 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 37 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	744.93	+0.004%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0043%	1h	744.88	−0.003%	$482K	$559K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0019%	1h	744.34	−0.075%	$34K	$275K	10x	as long as short
Aster METAUSDT	0.0000%	8h	745.29	+0.052%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.85	−0.007%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.00	+0.014%	$25.0M	$188.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.03	+0.017%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.05	+0.020%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.48	−0.056%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.04	+0.019%	$5.6M	$12.4M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.51	−0.052%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.76	−0.019%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.74	−0.021%	$676	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.49	−0.055%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.82	−0.011%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.84	−0.008%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.46	+0.075%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.49	−0.055%	$112K	$340K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.49	+0.079%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.06	+0.021%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.64	−0.035%	$586K	$564K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	744.90	long leg	$25K	$3K	10x
Ondo Perps META-USD.Pshort	+0.0050%	1h	744.58	−0.043%	$696K	$5.3M	10x
Paradex META-USD-PERP	+0.0061%	8h	745.09	+0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.50	+0.080%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.92	+0.003%	$1.6M	$681K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.69	−0.028%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.99	+0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.87	−0.004%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.50	−0.054%	$655K	$8.0M	10x	as long as short
edgeX METAUSDC	+0.0170%	4h	744.61	−0.038%	$62K	$345K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.223%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.63	+0.098%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	745.52	+0.083%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0492%	1h	745.50	+0.081%	$77.6M	$127.7M	20x	as long as short
Phoenix META	+0.0739%	1h	746.25	+0.181%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.13	+0.031%	$13	$46	—	as long as short