Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0170%/8h= +18.7% APRpaid last 24h +0.051%

Price spread now: Ondo Perps against BloFin−0.104%7-day average −0.097% · you buy dearer than you sell

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.313%+$31 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now −0.104%, 7d avg −0.097%

Together, before fees+0.107%+ Points / potential airdropOndo Perps: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.097%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	743.77	−0.0120	get 0.0120% / 8h	6h 08m	$337K	$1.1M	20x
Short	Ondo Perps META-USD.P	743.00	0.0050	get 0.0006% / 1h	8m 11s	$705K	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.104%Rate

Funding earned: $35.78
Price spread: −0.104% → −0.097%: −$0.64
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $18.14
Costs to cover: 0.170%
Break-even: 3.5 days

Slippage unknown: BloFin: 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 BloFin live order book, 2 min ago	0.07 bp	8.3 bp −$8	10.5 bp −$105	doesn't fit	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 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
BloFin META-USDTlong	−0.0120%	8h	743.77	long leg	$337K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	744.00	+0.031%	$494K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.43	−0.046%	$548K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.66	−0.015%	$26.0M	$192.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.79	+0.003%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.48	−0.039%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.21	−0.075%	$459K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.61	−0.022%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.41	−0.048%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.64	−0.017%	$12K	$434K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.76	−0.001%	$908	$7.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.26	−0.069%	$36K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.45	−0.043%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.74	−0.004%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.76	−0.001%	$834K	$2.8M	20x	as long as short
Nado META-PERP	+0.0038%	1h	743.35	−0.057%	$476K	$551K	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.22	−0.074%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	743.49	−0.038%	$2.2M	$14.0M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.98	+0.028%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.66	−0.015%	$179K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.25	−0.070%	$560K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.58	−0.026%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	743.00	−0.104%	$705K	$5.0M	10x
Paradex META-USD-PERP	+0.0051%	8h	743.45	−0.043%	—	—	5x	as long as short
edgeX METAUSDC	+0.0065%	4h	743.53	−0.032%	$62K	$348K	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	744.18	+0.056%	$52K	$77K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.95	−0.110%	$643K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	743.64	−0.018%	$607	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.68	−0.012%	$1.6M	$849K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.34	−0.058%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.58	−0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.41	−0.048%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0192%	1h	743.46	−0.042%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.23	+0.196%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0238%	1h	743.54	−0.031%	$86.1M	$135.0M	20x	as long as short
Lighter META	+0.0264%	1h	743.85	+0.011%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.90	+0.152%	$795K	$1.5M	20x	as long as short