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 +0.026%

Price spread now: Binance against Bitget−0.003%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 2 days (all we have)+0.004%$0 · spread now −0.003%, 7d avg +0.007%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	740.17	0	get 0.0000% / 8h	6h 44m	$5.5M	$11.3M	100x
Short	Binance METAUSDT	740.15	0	get 0.0000% / 8h	6h 44m	$27.4M	$179.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.007%: −$1.07
Slippage, 4 orders: −$9.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.35
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 14 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 Bitget live order book, 5 min ago	0.07 bp	10.9 bp −$11	20.8 bp −$208	36.2 bp −$3,624	doesn't fit
Sell Binance live order book, 14 min ago	0.07 bp	6.4 bp −$6	12.6 bp −$126	42.2 bp −$4,219	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
Nado META-PERP	−0.0156%	1h	739.80	−0.049%	$478K	$546K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	−0.024%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.61	+0.060%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.95	−0.029%	$550K	$2.7M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	740.15	−0.003%	$27.4M	$179.3M	20x
Bybit METAUSDT	0.0000%	8h	740.05	−0.016%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.18	+0.001%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.88	−0.039%	$351K	$5.6M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	740.17	long leg	$5.5M	$11.3M	100x
Variational Omni META	0.0000%	8h	740.01	−0.022%	$2.4M	$3.1M	—	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	740.09	−0.011%	$13K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.42	+0.034%	$648	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.68	−0.066%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.07	−0.014%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.27	+0.014%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.02	−0.020%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.18	+0.001%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.73	−0.059%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.25	+0.011%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.28	+0.015%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.08	−0.012%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.13	−0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.46	−0.096%	$692K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.98	−0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.79	+0.083%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.14	−0.004%	$1.6M	$465K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.43	−0.100%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.17	0.000%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.92	−0.033%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.05	−0.016%	$610K	$7.3M	10x	as long as short
Lighter META	+0.0112%	1h	740.11	−0.008%	$856K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0120%	1h	740.34	+0.023%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.52	+0.317%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0260%	1h	740.22	+0.007%	$68.3M	$120.4M	20x	as long as short
Phoenix META	+0.0313%	1h	740.77	+0.081%	$373K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0828%	4h	739.94	−0.031%	$62K	$336K	10x	as long as short