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 +0.021%

Price spread now: Bybit against Bitget−0.039%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.039%, 7d avg −0.019%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.020% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	740.12	0	get 0.0000% / 8h	6h 47m	$5.5M	$11.3M	100x
Short	Bybit METAUSDT	739.83	0	get 0.0000% / 8h	6h 47m	$7.5M	$13.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.019%: −$2.01
Slippage, 4 orders: −$15.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.71
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	0.07 bp	10.9 bp −$11	20.8 bp −$208	36.2 bp −$3,624	doesn't fit
Sell Bybit live order book, 1 min ago	1.82 bp	10.1 bp −$10	18.6 bp −$186	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
Nado META-PERP	−0.0175%	1h	739.65	−0.063%	$478K	$546K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	−0.018%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.48	+0.049%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.84	−0.037%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.05	−0.010%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	739.83	−0.039%	$7.5M	$13.8M	100x
OKX META-USDT-SWAP	0.0000%	8h	739.99	−0.018%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.02	−0.014%	$351K	$5.6M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	740.12	long leg	$5.5M	$11.3M	100x
Variational Omni META	0.0000%	8h	740.19	+0.009%	$2.4M	$3.3M	—	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	−0.004%	$13K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.18	+0.008%	$742	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.49	−0.085%	$30K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.80	−0.043%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.46	+0.046%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.86	−0.035%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.07	−0.007%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.75	−0.050%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.19	+0.009%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.06	−0.008%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.80	−0.043%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.91	−0.028%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.80	−0.043%	$693K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.82	−0.040%	—	—	5x	as long as short
Lighter META	+0.0064%	1h	740.00	−0.016%	$856K	$2.4M	20x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.68	+0.075%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.00	−0.016%	$1.6M	$463K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.33	−0.107%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.88	−0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.69	−0.058%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.05	−0.009%	$610K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	740.11	−0.001%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0197%	4h	740.06	−0.008%	$62K	$336K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.52	+0.324%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0238%	1h	740.16	+0.005%	$68.3M	$120.4M	20x	as long as short
Phoenix META	+0.0313%	1h	740.91	+0.107%	$368K	$1.1M	20x	as long as short