Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.120%

Price spread now: Bybit against Extended+0.021%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 7 days+0.309%+$31 · spread now +0.021%, 7d avg +0.007%

Together, before fees+0.180%+ Points / potential airdropExtended: Active · farm board+$18 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	742.04	0	get 0.0000% / 1h	39m 37s	$548K	$2.7M	17x
Short	Bybit METAUSDT	742.19	0	get 0.0000% / 8h	4h 39m	$7.5M	$13.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.007%: $1.36
Slippage, 4 orders: −$13.85
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.49
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Bybit: 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 Extended live order book, 4 min ago	0.54 bp	5.6 bp −$6	33.2 bp −$332	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.55 bp	9.7 bp −$10	16.7 bp −$167	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	742.47	+0.059%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0043%	1h	742.05	+0.002%	$480K	$553K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0006%	1h	741.80	−0.032%	$31K	$245K	10x	as long as short
Aster METAUSDT	0.0000%	8h	742.36	+0.044%	$466K	$551K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	742.04	long leg	$548K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	742.33	+0.040%	$27.5M	$180.4M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	742.19	+0.021%	$7.5M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	742.16	+0.017%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.95	−0.011%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.37	+0.045%	$5.4M	$11.7M	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	742.48	+0.060%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.51	+0.064%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.67	+0.086%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.26	+0.030%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	+0.042%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.42	+0.052%	$766K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.30	+0.036%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.06	+0.003%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.58	+0.073%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.27	+0.032%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.27	+0.032%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.43	+0.053%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.69	−0.047%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.06	+0.004%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	743.15	+0.150%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.41	+0.051%	$1.6M	$539K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.86	−0.024%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.42	+0.052%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.36	+0.043%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.002%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	742.35	+0.042%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.328%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.38	+0.046%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0266%	1h	742.29	+0.034%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	+0.046%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.177%	$643K	$1.2M	20x	as long as short