Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0321%/8h= +35.1% APRpaid last 24h +0.083%

Price spread now: edgeX against Ondo Perps+0.060%7-day average +0.077% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.446%+$45 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.060%, 7d avg +0.077%

Together, before fees+0.443%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	739.86	0.0050	pay 0.0006% / 1h	57m 22s	$693K	$4.4M	10x
Short	edgeX METAUSDC	740.31	0.0371	get 0.0186% / 4h	2h 57m	$62K	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $67.38
Price spread: +0.060% → +0.077%: −$1.73
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $51.65
Costs to cover: 0.140%
Break-even: 1.6 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 11 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 11 min ago	5.13 bp	9.8 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado META-PERP	−0.0218%	1h	740.35	+0.066%	$490K	$528K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.34	+0.065%	$326K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0115%	1h	739.90	+0.005%	$30K	$246K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.39	+0.072%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.20	+0.046%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.39	+0.072%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.45	+0.080%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.46	+0.081%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.24	+0.051%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.47	+0.082%	$5.6M	$11.3M	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	740.22	+0.048%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.42	+0.076%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.51	+0.088%	$801	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.35	+0.066%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.61	+0.101%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.18	+0.043%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.70	+0.114%	$753K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.00	+0.019%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.80	+0.127%	—	$11K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	740.60	+0.100%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.45	+0.080%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.25	+0.053%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.48	+0.084%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	739.86	long leg	$693K	$4.4M	10x
Paradex META-USD-PERP	+0.0059%	8h	740.35	+0.066%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	741.01	+0.155%	$48K	$80K	10x	as long as short
Lighter META	+0.0080%	1h	740.60	+0.100%	$857K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.56	+0.095%	$1.6M	$456K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.87	+0.001%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.41	+0.074%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.23	+0.051%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.19	+0.045%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0161%	1h	740.55	+0.093%	$68.0M	$121.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.400%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.02	+0.157%	$347K	$1.1M	20x	as long as short
edgeX METAUSDCshort	+0.0371%	4h	740.31	+0.060%	$62K	$333K	10x