Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.041%

Price spread now: edgeX against Arcus+0.007%54s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.386% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.308%+$31 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.007%, 7d avg +0.022%

Together, before fees+0.310%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	744.61	0.0040	pay 0.0005% / 1h	25m 51s	$112K	$339K	10x
Short	edgeX METAUSDC	744.66	0.0412	get 0.0206% / 4h	1h 25m	$62K	$342K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $78.14
Price spread: +0.007% → +0.022%: −$1.51
Slippage, 4 orders: −$25.08
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $38.05
Costs to cover: 0.386%
Break-even: 3.6 days

Slippage from Arcus: live order book, 18 min ago; edgeX: live order book, 17 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 Arcus live order book, 18 min ago	2.55 bp	8.0 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell edgeX live order book, 17 min ago	5.17 bp	9.8 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit

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	745.00	+0.052%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0045%	1h	744.88	+0.036%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.14	+0.072%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.77	+0.021%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.95	+0.046%	$25.0M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.81	+0.027%	$7.3M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.96	+0.047%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.38	−0.031%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.03	+0.056%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.51	−0.013%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.76	+0.019%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.90	+0.039%	$699	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.45	−0.021%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.79	+0.024%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.97	+0.048%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.72	+0.015%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.31	+0.094%	$787K	$2.9M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	744.61	long leg	$112K	$339K	10x
Vest META-USD-PERP	+0.0046%	1h	745.55	+0.126%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.99	+0.051%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.54	−0.009%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.97	+0.048%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.60	−0.001%	$685K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	744.84	+0.030%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.90	+0.173%	$52K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.93	+0.043%	$1.6M	$684K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.47	−0.019%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.92	+0.042%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.76	+0.020%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	+0.016%	$650K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.262%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.47	+0.115%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	745.36	+0.101%	$33K	$105	20x	as long as short
edgeX METAUSDCshort	+0.0412%	4h	744.66	+0.007%	$62K	$342K	10x
tradeXYZ xyz:META	+0.0486%	1h	745.40	+0.106%	$77.6M	$127.8M	20x	as long as short
Phoenix META	+0.0739%	1h	746.25	+0.220%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.02	+0.056%	$13	$46	—	as long as short