Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0548%/8h= +60.0% APRpaid last 24h +0.068%

Price spread now: edgeX against ApeX Omni+0.066%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.355%+$35 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now +0.066%, 7d avg +0.037%

Together, before fees+0.350%+ Points / potential airdropedgeX: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.029% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.037%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.355% in total (about 18.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	739.16	0.0100	pay 0.0013% / 1h	22m 11s	$166K	$72K	50x
Short	edgeX METAUSDC	739.65	0.0648	get 0.0324% / 4h	3h 22m	$62K	$334K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $115.12
Price spread: +0.066% → +0.037%: $2.93
Slippage, 4 orders: −$59.12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $39.93
Costs to cover: 0.781%
Break-even: 4.6 days

Slippage from ApeX Omni: live order book, 49 min ago; edgeX: live order book, 51 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	18.6 bp −$19	368.6 bp −$3,686	doesn't fit	doesn't fit
Sell edgeX live order book, 51 min ago	5.19 bp	9.8 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

META on 36 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	739.51	+0.047%	$328K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0088%	1h	738.97	−0.026%	$30K	$246K	10x	as long as short
Nado META-PERP	−0.0025%	1h	739.29	+0.018%	$421K	$394K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.71	+0.074%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.38	+0.030%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.59	+0.058%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.77	+0.083%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.63	+0.064%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.12	−0.005%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	+0.043%	$5.6M	$11.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.24	+0.011%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.70	+0.073%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.87	+0.096%	$968	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.34	+0.024%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.80	+0.087%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.81	+0.088%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.89	+0.099%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.55	+0.053%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.33	+0.023%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.55	+0.053%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.85	−0.042%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.56	+0.054%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.12	−0.005%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	739.36	+0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.27	+0.150%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0080%	1h	739.54	+0.051%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.65	+0.066%	$1.6M	$436K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	739.16	long leg	$166K	$72K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.61	+0.061%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.40	+0.032%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	+0.020%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	739.61	+0.061%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.322%	$171K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	739.77	+0.083%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	740.01	+0.115%	$291K	$930K	20x	as long as short
edgeX METAUSDCshort	+0.0648%	4h	739.65	+0.066%	$62K	$334K	10x