Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.042%

Price spread now: Extended against Binance−0.008%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 7 days−0.409%−$41 · spread now −0.008%, 7d avg −0.025%

Together, before fees−0.210%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	744.87	0	get 0.0000% / 8h	1h 25m	$25.0M	$188.2M	20x
Short	Extended META_24_5-USD	744.81	0	get 0.0000% / 1h	25m 08s	$548K	$1.8M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.025%: $1.73
Slippage, 4 orders: −$8.06
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$21.33
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Extended: 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 Binance live order book, 3 min ago	0.07 bp	6.6 bp −$7	15.5 bp −$155	54.3 bp −$5,429	doesn't fit
Sell Extended live order book, 3 min ago	0.34 bp	5.6 bp −$6	41.2 bp −$412	doesn't fit	doesn't fit

META on 37 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	744.90	+0.004%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0045%	1h	744.74	−0.018%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.20	+0.045%	$479K	$593K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	744.81	−0.008%	$548K	$1.8M	17x
Binance METAUSDTlong	0.0000%	8h	744.87	long leg	$25.0M	$188.2M	20x
Bybit METAUSDT	0.0000%	8h	744.83	−0.005%	$7.3M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.96	+0.012%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.37	−0.067%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.03	+0.021%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.86	−0.001%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.95	+0.011%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.90	+0.004%	$548	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.48	−0.052%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.81	−0.008%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.90	+0.004%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.72	−0.020%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.23	+0.048%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.63	−0.032%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.56	+0.093%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.96	+0.012%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.43	−0.059%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.91	+0.005%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.60	−0.036%	$685K	$5.3M	10x	as long as short
edgeX METAUSDC	+0.0052%	4h	745.04	+0.022%	$62K	$342K	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	744.84	−0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.96	+0.147%	$52K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.94	+0.009%	$1.6M	$684K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.59	−0.038%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.92	+0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.82	−0.006%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.019%	$650K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.227%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.37	+0.067%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0368%	1h	745.36	+0.066%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0487%	1h	745.37	+0.067%	$77.6M	$127.8M	20x	as long as short
Phoenix META	+0.0739%	1h	746.28	+0.189%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.04	+0.023%	$13	$46	—	as long as short