Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Extended against Binance−0.030%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 7 days−0.332%−$33 · spread now −0.030%, 7d avg −0.020%

Together, before fees−0.132%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	744.96	0	get 0.0000% / 8h	6h 41m	$26.1M	$192.1M	20x
Short	Extended META_24_5-USD	744.74	0	get 0.0000% / 1h	41m 14s	$544K	$3.3M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.020%: −$1.04
Slippage, 4 orders: −$7.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.67
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Extended: live order book, 6 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	0.07 bp	5.6 bp −$6	12.4 bp −$124	43.3 bp −$4,329	doesn't fit
Sell Extended live order book, 6 min ago	0.74 bp	5.8 bp −$6	25.8 bp −$258	doesn't fit	doesn't fit

META on 37 exchanges

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	744.91	−0.007%	$338K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.20	+0.032%	$495K	$628K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	744.74	−0.030%	$544K	$3.3M	17x
Binance METAUSDTlong	0.0000%	8h	744.96	long leg	$26.1M	$192.1M	20x
Bybit METAUSDT	0.0000%	8h	745.12	+0.021%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.93	−0.004%	$6.1M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.53	−0.058%	$456K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.03	+0.009%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.15	+0.026%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.02	+0.008%	$12K	$436K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.28	+0.043%	$815	$7.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.45	−0.069%	$36K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.10	+0.019%	$108K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.12	+0.021%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.08	+0.016%	$817K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.60	−0.049%	$111K	$314K	10x	as long as short
QFEX META-USD	+0.0041%	1h	745.03	+0.009%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.20	+0.032%	—	$11K	25x	as long as short
Nado META-PERP	+0.0047%	1h	744.64	−0.043%	$478K	$557K	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.04	+0.011%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.61	−0.047%	$566K	$609K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.88	−0.011%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.01	−0.128%	$733K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	744.85	−0.015%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	745.62	+0.088%	$51K	$91K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.34	−0.083%	$648K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	744.52	−0.059%	$616	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.97	+0.001%	$1.6M	$818K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.45	−0.069%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.88	−0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.72	−0.032%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	745.06	+0.013%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.19	+0.165%	$168K	$60K	30x	as long as short
Lighter META	+0.0280%	1h	745.22	+0.035%	$1.2M	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0308%	1h	744.94	−0.003%	$86.6M	$134.8M	20x	as long as short
edgeX METAUSDC	+0.0588%	4h	744.83	−0.017%	$63K	$346K	10x	as long as short
Phoenix META	+0.0643%	1h	745.72	+0.102%	$796K	$1.5M	20x	as long as short