Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%

Price spread now: OKX against Binance−0.024%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.024%, 7d avg −0.010%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	744.09	0	get 0.0000% / 8h	2h 25m	$27.7M	$182.6M	20x
Short	OKX META-USDT-SWAP	743.91	0	get 0.0000% / 8h	2h 25m	$6.0M	$12.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.010%: −$1.43
Slippage, 4 orders: −$12.06
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.49
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	0.07 bp	6.3 bp −$6	13.5 bp −$135	54.7 bp −$5,472	doesn't fit
Sell OKX live order book, 2 min ago	0.61 bp	7.4 bp −$7	19.6 bp −$196	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-USDT	−0.0120%	8h	743.43	−0.089%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.59	+0.067%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.84	−0.034%	$544K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	744.09	long leg	$27.7M	$182.6M	20x
Bybit METAUSDT	0.0000%	8h	743.92	−0.023%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	743.91	−0.024%	$6.0M	$12.5M	20x
Gate META_USDT	0.0000%	8h	743.35	−0.099%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.15	+0.008%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	−0.020%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.133%	$12K	$442K	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	744.19	+0.013%	$528	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.56	−0.071%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.69	−0.054%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.44	−0.087%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0024%	1h	743.68	−0.055%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.23	+0.019%	$769K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.86	−0.165%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.24	+0.020%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.69	−0.054%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.99	−0.013%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.74	−0.047%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.86	−0.031%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.14	−0.128%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0076%	8h	743.82	−0.036%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	743.69	−0.053%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.73	−0.048%	$1.6M	$644K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.39	−0.228%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.93	−0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.82	−0.037%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.48	−0.082%	$658K	$7.7M	10x	as long as short
edgeX METAUSDC	+0.0135%	4h	743.17	−0.124%	$62K	$341K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.243%	$172K	$46K	30x	as long as short
Lighter META	+0.0320%	1h	744.31	+0.030%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.00	−0.012%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0441%	1h	744.42	+0.044%	$74.7M	$124.9M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.008%	$795K	$1.4M	20x	as long as short