Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h −0.006%

Price spread now: Bitget against Nado+0.081%7-day average +0.030% · 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−$31as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now +0.081%, 7d avg +0.030%

Together, before fees+0.234%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bitget is 0.051% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	743.30	−0.0016	get 0.0002% / 1h	13m 12s	$480K	$553K	20x
Short	Bitget METAUSDT	743.91	0	get 0.0000% / 8h	4h 13m	$5.4M	$11.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now +0.081%Rate

Funding earned: $3.3
Price spread: +0.081% → +0.030%: $5.11
Slippage, 4 orders: −$17.6
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.19
Costs to cover: 0.366%
Break-even: 66.7 days

Slippage from Nado: live order book, 45 min ago; Bitget: live order book, just now.

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 Nado live order book, 45 min ago	0.47 bp	12.6 bp −$13	93.6 bp −$936	doesn't fit	doesn't fit
Sell Bitget live order book, just now	1.21 bp	11.1 bp −$11	19.7 bp −$197	40.3 bp −$4,028	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	743.99	+0.092%	$329K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0016%	1h	743.30	long leg	$480K	$553K	20x
Aster METAUSDT	0.0000%	8h	743.07	−0.032%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.70	+0.054%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.96	+0.088%	$28.0M	$182.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.86	+0.075%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.01	+0.095%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.41	+0.014%	$365K	$5.7M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	743.91	+0.081%	$5.4M	$11.7M	100x
Variational Omni META	0.0000%	8h	743.81	+0.068%	$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	744.01	+0.095%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.91	+0.081%	$848	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.94	+0.086%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.90	+0.080%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.87	+0.076%	$775K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.76	+0.061%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.55	+0.033%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.82	+0.069%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.97	+0.090%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.50	+0.026%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.91	+0.081%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.32	+0.002%	$800K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	743.78	+0.064%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	744.36	+0.142%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.82	+0.069%	$1.6M	$551K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.11	−0.026%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.80	+0.067%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.62	+0.042%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	+0.061%	$615K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0168%	1h	743.97	+0.090%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.67	+0.453%	$172K	$48K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0261%	1h	743.42	+0.016%	$31K	$246K	10x	as long as short
Lighter META	+0.0264%	1h	743.85	+0.073%	$865K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0279%	1h	743.66	+0.048%	$69.6M	$120.6M	20x	as long as short
edgeX METAUSDC	+0.0485%	4h	743.87	+0.076%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.70	+0.188%	$705K	$1.2M	20x	as long as short