Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h −0.027%

Price spread now: Nado against Binance−0.047%7-day average −0.035% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.522%+$52 · spread now −0.047%, 7d avg −0.035%

Together, before fees+0.495%+ Points / potential airdropNado: Active · farm board+$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$1 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	746.96	0	get 0.0000% / 8h	9m 28s	$25.4M	$189.7M	20x
Short	Nado META-PERP	746.61	0.0017	get 0.0002% / 1h	9m 28s	$482K	$560K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.047%Rate

Funding earned: $3.61
Price spread: −0.047% → −0.035%: −$1.21
Slippage, 4 orders: −$18.92
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$33.53
Costs to cover: 0.359%
Break-even: 72.0 days

Slippage from Binance: live order book, 4 min ago; Nado: live order book, 29 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, 4 min ago	0.07 bp	5.6 bp −$6	13.1 bp −$131	44.1 bp −$4,413	doesn't fit
Sell Nado live order book, 29 min ago	0.40 bp	10.6 bp −$11	19.3 bp −$193	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	747.34	+0.051%	$334K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0112%	1h	746.34	−0.083%	$34K	$276K	10x	as long as short
Aster METAUSDT	0.0000%	8h	746.65	−0.041%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.78	−0.024%	$548K	$3.4M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	746.96	long leg	$25.4M	$189.7M	20x
Bybit METAUSDT	0.0000%	8h	746.98	+0.003%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.03	+0.009%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.61	−0.047%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.98	+0.003%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	747.21	+0.034%	$2.5M	$3.2M	—	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	747.23	+0.036%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	747.08	+0.016%	$990	$8.0M	20x	as long as short
HTX META-USDT	0.0000%	8h	746.77	−0.025%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.33	+0.050%	$2.0M	$8K	10x	as long as short
Nado META-PERPshort	+0.0017%	1h	746.61	−0.047%	$482K	$560K	20x
QFEX META-USD	+0.0031%	1h	746.82	−0.019%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.32	+0.048%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.93	−0.004%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.32	+0.048%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.70	−0.035%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.96	0.000%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.50	−0.062%	$744K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	746.90	−0.007%	—	—	5x	as long as short
Popdex METAUSDT	+0.0072%	1h	747.01	+0.007%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0088%	1h	747.78	+0.110%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	747.07	+0.015%	$634	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.10	+0.019%	$1.6M	$724K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.55	−0.055%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.98	+0.003%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.90	−0.008%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.51	−0.060%	$651K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	750.24	+0.439%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.48	+0.070%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	747.32	+0.048%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0567%	1h	747.28	+0.043%	$83.6M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	748.59	+0.218%	$799K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0931%	4h	747.28	+0.043%	$62K	$344K	10x	as long as short