Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.068%

Price spread now: ApeX Omni against edgeX−0.066%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.355%−$35 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now −0.066%, 7d avg −0.037%

Together, before fees−0.350%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and ApeX Omni is 0.029% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.355% in total (about -18.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	739.65	0.0648	pay 0.0324% / 4h	3h 22m	$62K	$334K	10x
Short	ApeX Omni METAUSDT	739.16	0.0100	get 0.0013% / 1h	22m 04s	$166K	$72K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now −0.066%Rate

Funding earned: −$115.12
Price spread: −0.066% → −0.037%: −$2.93
Slippage, 4 orders: −$59.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$196.17
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from edgeX: live order book, 51 min ago; ApeX Omni: live order book, 49 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 edgeX live order book, 51 min ago	5.19 bp	9.8 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 49 min ago	2.63 bp	39.9 bp −$40	658.5 bp −$6,585	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-USDT	−0.0120%	8h	739.51	−0.019%	$328K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0088%	1h	738.97	−0.092%	$30K	$246K	10x	as long as short
Nado META-PERP	−0.0025%	1h	739.29	−0.049%	$421K	$394K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.69	+0.005%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.38	−0.036%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.60	−0.007%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.79	+0.019%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.63	−0.003%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.12	−0.072%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	−0.023%	$5.6M	$11.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.24	−0.055%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.70	+0.007%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.87	+0.030%	$968	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.34	−0.042%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.80	+0.020%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.81	+0.022%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.89	+0.032%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.55	−0.014%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.33	−0.043%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.55	−0.014%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.85	−0.108%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.56	−0.012%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.12	−0.072%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	739.36	−0.040%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.27	+0.084%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0080%	1h	739.54	−0.015%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.64	−0.001%	$1.6M	$437K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	739.16	−0.066%	$166K	$72K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.61	−0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.40	−0.034%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	−0.046%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	739.62	−0.004%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.256%	$171K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	739.77	+0.016%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	740.01	+0.049%	$291K	$930K	20x	as long as short
edgeX METAUSDClong	+0.0648%	4h	739.65	long leg	$62K	$334K	10x