Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SoDEX against Orderly−0.057%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.057% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	747.92	0.0100	pay 0.0100% / 8h	3h 03m	$1K	$24	10x
Short	SoDEX META-USD	747.49	0.0050	get 0.0006% / 1h	3m 44s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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 OrderlybpFee SoDEXbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$10.5
Price spread: −0.057% → 0.000%: −$5.75
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$30.25
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SoDEX: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Orderly and SoDEX: 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
BloFin META-USDT	−0.0120%	8h	747.32	−0.080%	$331K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	747.02	−0.120%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.47	−0.061%	$493K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.81	−0.015%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.97	+0.007%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	748.10	+0.024%	$7.6M	$14.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	748.10	+0.024%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.35	−0.076%	$431K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	747.58	−0.045%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	748.03	+0.015%	$12K	$448K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.74	−0.024%	$966	$8.7M	20x	as long as short
HTX META-USDT	0.0000%	8h	747.20	−0.096%	$107K	$304K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.54	−0.051%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0018%	1h	747.57	−0.047%	$31K	$252K	10x	as long as short
Lighter RH META	+0.0032%	1h	748.25	+0.044%	$771K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.24	−0.091%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.80	−0.016%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.48	−0.059%	$588K	$564K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	747.49	−0.057%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	747.04	−0.118%	$770K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.34	−0.078%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	747.77	−0.020%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	748.37	+0.060%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.49	−0.057%	$180K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.73	−0.025%	$1.6M	$626K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	747.07	−0.114%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	747.92	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	747.63	−0.038%	$269	—	10x	as long as short
Bitget METAUSDT	+0.0105%	8h	747.86	−0.008%	$5.5M	$12.0M	100x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.31	−0.082%	$673K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	−0.098%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	747.53	−0.052%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	748.20	+0.037%	$920K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0350%	1h	748.25	+0.044%	$72.1M	$121.9M	20x	as long as short
Phoenix META	+0.0633%	1h	749.25	+0.178%	$800K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0974%	4h	747.99	+0.010%	$62K	$338K	10x	as long as short