Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget−0.015%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.015%, 7d avg −0.003%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	740.85	0	get 0.0000% / 8h	5h 47m	$5.7M	$12.4M	100x
Short	OKX META-USDT-SWAP	740.74	0	get 0.0000% / 8h	5h 47m	$6.0M	$12.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.003%: −$1.2
Slippage, 4 orders: −$15.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.54
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 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 Bitget live order book, 4 min ago	0.94 bp	9.8 bp −$10	19.0 bp −$190	39.4 bp −$3,937	doesn't fit
Sell OKX live order book, 4 min ago	0.34 bp	9.4 bp −$9	19.3 bp −$193	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
Hotstuff META-PERP	−0.1600%	1h	742.40	+0.209%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	741.06	+0.028%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.00	+0.020%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.63	−0.030%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.02	+0.023%	$25.8M	$192.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.54	−0.042%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	740.74	−0.015%	$6.0M	$12.9M	20x
Gate META_USDT	0.0000%	8h	740.71	−0.019%	$457K	$6.3M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	740.85	long leg	$5.7M	$12.4M	100x
Variational Omni META	0.0000%	8h	741.83	+0.132%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.95	+0.014%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.19	+0.046%	$1K	$7.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.46	−0.053%	$36K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.87	+0.003%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.55	+0.094%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.10	+0.034%	$861K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.92	+0.009%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.57	−0.038%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.06	+0.028%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.74	−0.015%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.77	−0.011%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.29	−0.076%	$702K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	740.72	−0.018%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.18	−0.090%	$648K	$7.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.58	+0.099%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	740.48	−0.050%	$604	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.00	+0.020%	$1.6M	$879K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.45	+0.081%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.86	+0.001%	$1K	$24	10x	as long as short
Popdex METAUSDT	+0.0104%	1h	740.98	+0.018%	$178K	$201K	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.66	−0.026%	$267	—	10x	as long as short
Nado META-PERP	+0.0123%	1h	740.38	−0.063%	$475K	$552K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.75	+0.391%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0292%	1h	741.01	+0.022%	$86.0M	$135.4M	20x	as long as short
Lighter META	+0.0376%	1h	741.16	+0.042%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0613%	1h	743.01	+0.292%	$793K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0833%	4h	742.11	+0.170%	$62K	$349K	10x	as long as short