Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.114%

Price spread now: Binance against Extended+0.013%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 7 days+0.371%+$37 · spread now +0.013%, 7d avg +0.033%

Together, before fees+0.172%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	743.99	0	get 0.0000% / 1h	14m 12s	$550K	$2.7M	17x
Short	Binance METAUSDT	744.09	0	get 0.0000% / 8h	4h 14m	$28.0M	$181.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.033%: −$1.97
Slippage, 4 orders: −$9.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.91
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Binance: live order book, 14 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 Extended live order book, 4 min ago	0.54 bp	5.9 bp −$6	34.4 bp −$344	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.07 bp	6.4 bp −$6	11.6 bp −$116	43.2 bp −$4,315	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	743.98	−0.002%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0019%	1h	743.39	−0.081%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.48	−0.069%	$468K	$553K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	743.99	long leg	$550K	$2.7M	17x
Binance METAUSDTshort	0.0000%	8h	744.09	+0.013%	$28.0M	$181.9M	20x
Bybit METAUSDT	0.0000%	8h	743.92	−0.010%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.00	+0.001%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.43	−0.076%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.16	+0.022%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	743.81	−0.025%	$2.4M	$3.1M	—	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	743.92	−0.010%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.11	+0.016%	$934	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.99	−0.001%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.59	−0.054%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.98	−0.002%	$775K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.95	−0.006%	$2.2M	$13.8M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.49	−0.068%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.01	+0.002%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.21	+0.029%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.70	−0.039%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.96	−0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.35	−0.087%	$800K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	743.89	−0.014%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.98	−0.002%	$52K	$82K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0100%	1h	743.46	−0.072%	$31K	$246K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.76	−0.031%	$1.6M	$550K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.07	−0.124%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.14	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.84	−0.021%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	−0.031%	$615K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0168%	1h	743.87	−0.017%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.66	−0.179%	$171K	$48K	30x	as long as short
Lighter META	+0.0264%	1h	743.95	−0.006%	$865K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0277%	1h	743.83	−0.022%	$69.6M	$120.6M	20x	as long as short
edgeX METAUSDC	+0.0374%	4h	743.85	−0.020%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.70	+0.095%	$701K	$1.2M	20x	as long as short