Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0160%/8h= +17.6% APRpaid last 24h +0.069%

Price spread now: Arcus against BloFin−0.130%7-day average −0.043% · 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−$44as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.286%+$29 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.130%, 7d avg −0.043%

Together, before fees+0.244%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.087% cheaper against BloFin than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.043%). If the spread goes back, that is −$9 on $10k: about 43 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	746.00	−0.0120	get 0.0120% / 8h	3h 42m	$329K	$1.1M	20x
Short	Arcus META-USD	745.03	0.0040	get 0.0005% / 1h	42m 31s	$111K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.130%Rate

Funding earned: $33.66
Price spread: −0.130% → −0.043%: −$8.69
Slippage, 4 orders: −$18.75
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$10.28
Costs to cover: 0.352%
Break-even: 9.1 days

Slippage from BloFin: live order book, 5 min ago; Arcus: live order book, 11 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, 5 min ago	0.13 bp	7.6 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit
Sell Arcus live order book, 11 min ago	3.96 bp	11.7 bp −$12	14.4 bp −$144	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	746.00	long leg	$329K	$1.1M	20x
Nado META-PERP	−0.0023%	1h	745.80	−0.027%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.49	−0.069%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.05	+0.007%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.15	+0.020%	$28.5M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.02	+0.003%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.14	+0.019%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.38	−0.083%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.13	+0.017%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.99	−0.135%	$2.4M	$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	745.25	−0.100%	$12K	$451K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.40	−0.080%	$662	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.55	−0.060%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.57	−0.058%	$106K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.57	−0.058%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.20	+0.027%	$783K	$2.9M	20x	as long as short
Arcus META-USDshort	+0.0040%	1h	745.03	−0.130%	$111K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	746.40	+0.054%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.19	+0.025%	$180K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.85	−0.020%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.88	−0.016%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.35	−0.087%	$801K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.03	+0.004%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	745.52	−0.064%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0093%	8h	746.10	+0.013%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.67	−0.044%	$1.6M	$604K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.39	−0.216%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.87	−0.017%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.73	−0.037%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.20	−0.107%	$619K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.157%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	746.16	+0.021%	$865K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.20	+0.027%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0337%	1h	746.43	+0.058%	$70.3M	$121.1M	20x	as long as short
Phoenix META	+0.0633%	1h	746.12	+0.016%	$773K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0979%	4h	744.81	−0.159%	$62K	$339K	10x	as long as short