Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0160%/8h= −17.6% APRpaid last 24h −0.069%

Price spread now: BloFin against Arcus+0.057%7-day average +0.040% · 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−$25as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.271%−$27 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now +0.057%, 7d avg +0.040%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	743.01	0.0040	pay 0.0005% / 1h	39m 07s	$110K	$472K	10x
Short	BloFin META-USDT	743.43	−0.0120	pay 0.0120% / 8h	39m 07s	$329K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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 ArcusbpFee BloFinbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$33.66
Price spread: +0.057% → +0.040%: $1.63
Slippage, 4 orders: −$9.63
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$58.16
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Arcus: live order book, 40 min ago; BloFin: live order book, 3 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 Arcus live order book, 40 min ago	1.42 bp	3.7 bp −$4	8.5 bp −$85	14.7 bp −$1,466	doesn't fit
Sell BloFin live order book, 3 min ago	0.13 bp	6.1 bp −$6	9.6 bp −$96	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-USDTshort	−0.0120%	8h	743.43	+0.057%	$329K	$1.1M	20x
Nado META-PERP	−0.0076%	1h	743.21	+0.026%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	+0.066%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.37	+0.048%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.50	+0.066%	$27.4M	$179.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.57	+0.075%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.70	+0.093%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.04	+0.004%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.38	+0.050%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.32	+0.042%	$2.3M	$3.2M	—	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	743.64	+0.085%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.33	+0.043%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.17	+0.022%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.30	+0.039%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.51	+0.067%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.43	+0.057%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.79	+0.105%	$757K	$3.2M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	743.01	long leg	$110K	$472K	10x
Vest META-USD-PERP	+0.0046%	1h	743.85	+0.113%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.45	+0.059%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.44	+0.058%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.50	+0.066%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.93	−0.011%	$769K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.35	+0.046%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	744.22	+0.163%	$49K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.036%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.44	+0.058%	$1.6M	$380K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.98	−0.004%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.43	+0.057%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.37	+0.049%	$268	—	10x	as long as short
Lighter META	+0.0128%	1h	743.71	+0.094%	$860K	$2.6M	20x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.114%	$293K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.63	+0.083%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.380%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0225%	1h	743.75	+0.100%	$67.7M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0710%	4h	743.35	+0.046%	$62K	$331K	10x	as long as short