Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.043%

Price spread now: edgeX against tradeXYZ−0.020%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.379%+$38 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.020%, 7d avg +0.020%

Together, before fees+0.345%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.039% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.020%). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:META	742.02	0.0328	pay 0.0041% / 1h	51m 18s	$68.8M	$119.8M	20x
Short	edgeX METAUSDC	741.87	0.0529	get 0.0264% / 4h	1h 51m	$62K	$335K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $42.14
Price spread: −0.020% → +0.020%: −$3.91
Slippage, 4 orders: −$11.98
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$0.75
Costs to cover: 0.390%
Break-even: 7.1 days

Slippage from tradeXYZ: live order book, 8 min ago; edgeX: live order book, 12 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 tradeXYZ live order book, 8 min ago	0.20 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 12 min ago	5.13 bp	9.8 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

META on 35 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
Nado META-PERP	−0.0062%	1h	741.51	−0.069%	$479K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.52	−0.067%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.68	−0.045%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.89	−0.018%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.75	−0.036%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.94	−0.011%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.56	−0.062%	$356K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.91	−0.015%	$5.4M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.87	−0.020%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.02	0.000%	$13K	$432K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.78	−0.032%	$780	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.36	−0.089%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.59	−0.058%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.08	+0.008%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.05	+0.004%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.60	−0.057%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.38	−0.086%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.05	+0.004%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.88	−0.019%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.63	−0.053%	$559K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.88	−0.019%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.21	−0.109%	$705K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	741.64	−0.051%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	742.58	+0.075%	$49K	$81K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	−0.027%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.94	−0.011%	$1.6M	$504K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.18	−0.113%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.80	−0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.64	−0.052%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0208%	1h	742.10	+0.011%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.36	+0.315%	$172K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	742.06	+0.005%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:METAlong	+0.0328%	1h	742.02	long leg	$68.8M	$119.8M	20x
Phoenix META	+0.0496%	1h	742.71	+0.093%	$491K	$1.1M	20x	as long as short
edgeX METAUSDCshort	+0.0529%	4h	741.87	−0.020%	$62K	$335K	10x