Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: Bitget against ApeX Omni+0.073%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now +0.073%, 7d avg +0.042%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.031% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.042%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	739.74	0.0100	pay 0.0013% / 1h	16m 58s	$166K	$71K	50x
Short	Bitget METAUSDT	740.28	0	get 0.0000% / 8h	6h 16m	$5.5M	$11.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$21
Price spread: +0.073% → +0.042%: $3.15
Slippage, 4 orders: −$29.75
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.6
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 49 min ago; Bitget: live order book, 2 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 ApeX Omni live order book, 49 min ago	2.63 bp	15.4 bp −$15	379.5 bp −$3,795	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.47 bp	9.9 bp −$10	20.3 bp −$203	33.8 bp −$3,375	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	−0.0121%	1h	739.94	+0.027%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.67	+0.125%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.03	+0.039%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.21	+0.063%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.03	+0.039%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	+0.069%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.95	+0.028%	$352K	$5.6M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	740.28	+0.073%	$5.5M	$11.3M	100x
Variational Omni META	0.0000%	8h	740.21	+0.064%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.16	+0.056%	$12K	$433K	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	740.06	+0.043%	$1K	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.60	−0.019%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.09	+0.047%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.142%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.08	+0.046%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.49	+0.101%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.78	+0.005%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.39	+0.088%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.19	+0.061%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.95	+0.028%	$557K	$776K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.22	+0.065%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.51	−0.031%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	740.00	+0.036%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.89	+0.155%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.25	+0.069%	$1.6M	$485K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	739.74	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.10	+0.049%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.07	+0.044%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.124%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.41	+0.091%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.28	+0.073%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.362%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0246%	1h	740.28	+0.073%	$68.4M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.150%	$434K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	739.98	+0.032%	$62K	$336K	10x	as long as short