Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.065%

Price spread now: edgeX against Binance−0.015%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs+$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.605%+$60 on $10k

Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.015%, 7d avg −0.008%

Together, before fees+0.886%+ Points / potential airdropedgeX: Active · farm board+$89 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	742.99	0	get 0.0000% / 8h	5h 03m	$27.4M	$179.5M	20x
Short	edgeX METAUSDC	742.88	0.0188	get 0.0094% / 4h	1h 03m	$62K	$337K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $39.47
Price spread: −0.015% → −0.008%: −$0.68
Slippage, 4 orders: −$12.36
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $7.43
Costs to cover: 0.314%
Break-even: 5.7 days

Slippage from Binance: live order book, 10 min ago; edgeX: live order book, 60 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 Binance live order book, 10 min ago	0.47 bp	5.6 bp −$6	14.6 bp −$146	49.0 bp −$4,900	doesn't fit
Sell edgeX live order book, 60 min ago	5.13 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	742.81	−0.024%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0030%	1h	742.59	−0.054%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.49	−0.067%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.73	−0.035%	$548K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	742.99	long leg	$27.4M	$179.5M	20x
Bybit METAUSDT	0.0000%	8h	742.92	−0.009%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.99	0.000%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.60	−0.053%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.05	+0.008%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	742.77	−0.030%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.91	−0.011%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.01	+0.003%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.41	−0.078%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.79	−0.027%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.94	−0.007%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.10	+0.015%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.67	−0.043%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.22	−0.104%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.06	+0.009%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.06	+0.009%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.71	−0.038%	$560K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.02	+0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.16	−0.112%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	742.68	−0.042%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.08	+0.012%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.87	−0.016%	$613K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.79	−0.027%	$1.6M	$528K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.51	−0.065%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.79	−0.027%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.63	−0.049%	$267	—	10x	as long as short
edgeX METAUSDCshort	+0.0188%	4h	742.88	−0.015%	$62K	$337K	10x
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.124%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	742.91	−0.011%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	743.08	+0.012%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0329%	1h	743.05	+0.008%	$69.4M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	743.64	+0.087%	$596K	$1.1M	20x	as long as short