Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.073%

Price spread now: Binance against Bybit−0.002%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 2 days (all we have)+0.002%$0 · spread now −0.002%, 7d avg +0.013%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	743.44	0	get 0.0000% / 8h	39m 46s	$7.5M	$14.0M	100x
Short	Binance METAUSDT	743.43	0	get 0.0000% / 8h	39m 46s	$27.4M	$179.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → +0.013%: −$1.42
Slippage, 4 orders: −$11.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.96
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: 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 Bybit live order book, 4 min ago	1.75 bp	10.5 bp −$10	17.6 bp −$176	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.07 bp	5.6 bp −$6	11.0 bp −$110	37.3 bp −$3,732	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-USDT	−0.0120%	8h	743.40	−0.005%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0077%	1h	743.31	−0.018%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	+0.008%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.35	−0.013%	$549K	$1.6M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	743.43	−0.002%	$27.4M	$179.6M	20x
Bybit METAUSDTlong	0.0000%	8h	743.44	long leg	$7.5M	$14.0M	100x
OKX META-USDT-SWAP	0.0000%	8h	743.57	+0.017%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.22	−0.030%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.45	+0.001%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.32	−0.016%	$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	+0.035%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.30	−0.019%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.11	−0.044%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.35	−0.012%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.60	+0.022%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.43	−0.001%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.70	+0.035%	$757K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.08	−0.048%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.89	+0.061%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.50	+0.008%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.48	+0.005%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.50	+0.008%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.00	−0.059%	$769K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.44	−0.001%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	744.20	+0.103%	$49K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.022%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.41	−0.004%	$1.6M	$379K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.24	−0.027%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.68	+0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.48	+0.005%	$268	—	10x	as long as short
Lighter META	+0.0128%	1h	743.67	+0.031%	$860K	$2.6M	20x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.056%	$292K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.77	+0.044%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.321%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0223%	1h	743.66	+0.030%	$67.7M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0937%	4h	743.66	+0.030%	$62K	$333K	10x	as long as short