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% APRpaid last 24h −0.067%

Price spread now: Binance against Deribit+0.017%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.070%−$7 on $10k

Price spread, last 2 days (all we have)+0.054%+$5 · spread now +0.017%, 7d avg +0.052%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.034% cheaper against Deribit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	743.38	0	get 0.0000% / 1h	42m 11s	$30K	$257K	10x
Short	Binance METAUSDT	743.51	0	get 0.0000% / 8h	42m 11s	$27.4M	$179.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → +0.052%: −$3.41
Slippage, 4 orders: −$9.57
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.97
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Deribit: live order book, 36 min ago; Binance: live order book, 1 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 Deribit live order book, 36 min ago	0.07 bp	3.6 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Binance live order book, 1 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	743.69	+0.042%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0075%	1h	743.40	+0.003%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	+0.016%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.52	+0.019%	$549K	$1.6M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	743.51	+0.017%	$27.4M	$179.5M	20x
Bybit METAUSDT	0.0000%	8h	743.64	+0.035%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.64	+0.035%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.27	−0.015%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.60	+0.030%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.70	+0.043%	$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	743.67	+0.038%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.48	+0.013%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	743.38	long leg	$30K	$257K	10x
HTX META-USDT	0.0000%	8h	743.42	+0.005%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.60	+0.030%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.48	+0.013%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.96	+0.078%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.20	−0.024%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.99	+0.082%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.66	+0.038%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.58	+0.027%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.64	+0.035%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.97	−0.055%	$780K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.52	+0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	744.07	+0.093%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.013%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.33	−0.007%	$1.6M	$379K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.24	−0.019%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.56	+0.024%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.54	+0.021%	$268	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.73	+0.047%	$292K	$797K	20x	as long as short
Lighter META	+0.0136%	1h	743.92	+0.073%	$865K	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.79	+0.055%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0217%	1h	743.89	+0.069%	$67.6M	$122.3M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.22	+0.248%	$170K	$46K	30x	as long as short
edgeX METAUSDC	+0.0937%	4h	743.66	+0.038%	$62K	$333K	10x	as long as short