Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Bitget−0.051%7-day average −0.084% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.051%, 7d avg −0.084%

Together, before fees+0.087%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.032% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	743.27	0	get 0.0000% / 8h	41m 36s	$5.6M	$11.4M	100x
Short	Ondo Perps META-USD.P	742.89	0.0050	get 0.0006% / 1h	41m 36s	$769K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.051%Rate

Funding earned: $10.58
Price spread: −0.051% → −0.084%: $3.25
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.17
Costs to cover: 0.170%
Break-even: 9.1 days

Slippage unknown: Bitget: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 2 min ago	1.55 bp	9.8 bp −$10	16.7 bp −$167	29.7 bp −$2,972	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	743.69	+0.057%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0075%	1h	743.25	−0.003%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	+0.031%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.22	−0.007%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.35	+0.011%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.40	+0.017%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.31	+0.005%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.07	−0.027%	$344K	$5.5M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	743.27	long leg	$5.6M	$11.4M	100x
Variational Omni META	0.0000%	8h	743.70	+0.058%	$2.3M	$3.2M	—	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	743.70	+0.058%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.48	+0.028%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.38	+0.015%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.42	+0.020%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.60	+0.044%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.38	+0.015%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.66	+0.052%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.93	−0.046%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.99	+0.097%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.35	+0.011%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.58	+0.042%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.64	+0.050%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	742.89	−0.051%	$769K	$4.3M	10x
Paradex META-USD-PERP	+0.0051%	8h	743.35	+0.010%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	744.07	+0.108%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.001%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.38	+0.015%	$1.6M	$379K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.24	−0.004%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.56	+0.039%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.54	+0.036%	$268	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.73	+0.062%	$292K	$797K	20x	as long as short
Lighter META	+0.0136%	1h	743.59	+0.043%	$865K	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.55	+0.038%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0218%	1h	743.68	+0.055%	$67.7M	$122.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.22	+0.262%	$170K	$46K	30x	as long as short
edgeX METAUSDC	+0.0937%	4h	743.66	+0.053%	$62K	$333K	10x	as long as short