Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%

Price spread now: OKX against Binance+0.012%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.012%, 7d avg −0.010%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.022% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	747.18	0	get 0.0000% / 8h	3h 13m	$28.5M	$182.3M	20x
Short	OKX META-USDT-SWAP	747.27	0	get 0.0000% / 8h	3h 13m	$6.0M	$13.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.010%: $2.19
Slippage, 4 orders: −$11.34
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.15
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; OKX: live order book, 5 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, 15 min ago	0.07 bp	5.4 bp −$5	14.4 bp −$144	52.1 bp −$5,211	doesn't fit
Sell OKX live order book, 5 min ago	0.07 bp	10.1 bp −$10	21.4 bp −$214	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	746.68	−0.067%	$331K	$1.1M	20x	as long as short
Nado META-PERP	0.0000%	1h	746.62	−0.076%	$483K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.67	−0.068%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.97	−0.029%	$554K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	747.18	long leg	$28.5M	$182.3M	20x
Bybit METAUSDT	0.0000%	8h	747.43	+0.033%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	747.27	+0.012%	$6.0M	$13.2M	20x
Gate META_USDT	0.0000%	8h	746.63	−0.074%	$381K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.53	−0.086%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.37	−0.108%	$13K	$452K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.17	−0.001%	$997	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.45	−0.098%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.83	−0.047%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.53	+0.047%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	747.38	+0.027%	$783K	$2.9M	20x	as long as short
Bitget METAUSDT	+0.0037%	8h	747.14	−0.005%	$5.5M	$11.8M	100x	as long as short
Arcus META-USD	+0.0040%	1h	746.33	−0.114%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.11	−0.009%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.06	−0.016%	$588K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.91	−0.036%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.74	−0.059%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.01	−0.023%	$2.2M	$13.7M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	747.21	+0.005%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	747.00	−0.024%	$52K	$82K	10x	as long as short
edgeX METAUSDC	+0.0085%	4h	746.26	−0.123%	$62K	$339K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.19	+0.001%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.82	−0.048%	$1.6M	$619K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.61	−0.210%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.78	−0.054%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.70	−0.064%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.89	−0.039%	$651K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.174%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.74	−0.059%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	747.28	+0.013%	$868K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0325%	1h	747.38	+0.027%	$71.1M	$121.3M	20x	as long as short
Phoenix META	+0.0633%	1h	747.45	+0.036%	$798K	$1.4M	20x	as long as short