Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.035%

Price spread now: ApeX Omni against BloFin−0.033%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$740.740% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.394%+$39 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now −0.033%, 7d avg −0.058%

Together, before fees+0.224%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and ApeX Omni is 0.025% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	747.32	−0.0120	get 0.0120% / 8h	3h 03m	$331K	$1.1M	20x
Short	ApeX Omni METAUSDT	747.07	0.0100	get 0.0013% / 1h	3m 45s	$167K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.033%Rate

Funding earned: $46.2
Price spread: −0.033% → −0.058%: $2.47
Slippage, 4 orders: −$52.03
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$25.37
Costs to cover: 0.740%
Break-even: 10.8 days

Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 47 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 BloFin live order book, 4 min ago	0.27 bp	7.4 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	2.62 bp	30.2 bp −$30	624.6 bp −$6,246	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-USDTlong	−0.0120%	8h	747.32	long leg	$331K	$1.1M	20x
Nado META-PERP	−0.0002%	1h	747.02	−0.040%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.47	+0.020%	$493K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.81	+0.065%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.97	+0.087%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	748.10	+0.104%	$7.6M	$14.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	748.10	+0.104%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.35	+0.004%	$431K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	747.58	+0.035%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	748.03	+0.095%	$12K	$448K	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	747.74	+0.056%	$966	$8.7M	20x	as long as short
HTX META-USDT	0.0000%	8h	747.20	−0.016%	$107K	$304K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.54	+0.029%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0018%	1h	747.57	+0.033%	$31K	$252K	10x	as long as short
Lighter RH META	+0.0032%	1h	748.25	+0.124%	$771K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.24	−0.011%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.80	+0.064%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.48	+0.021%	$588K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.49	+0.023%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.04	−0.037%	$770K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.34	+0.003%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	747.77	+0.060%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	748.37	+0.140%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.49	+0.023%	$180K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.73	+0.055%	$1.6M	$626K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	747.07	−0.033%	$167K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.92	+0.080%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.63	+0.042%	$269	—	10x	as long as short
Bitget METAUSDT	+0.0105%	8h	747.86	+0.072%	$5.5M	$12.0M	100x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.31	−0.001%	$673K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	−0.017%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	747.53	+0.028%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	748.20	+0.118%	$920K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0350%	1h	748.25	+0.124%	$72.1M	$121.9M	20x	as long as short
Phoenix META	+0.0633%	1h	749.25	+0.258%	$800K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0974%	4h	747.99	+0.090%	$62K	$338K	10x	as long as short