Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.101%

Price spread now: edgeX against Bitget+0.033%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.590%+$59 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.033%, 7d avg −0.005%

Together, before fees+0.524%+ Points / potential airdropedgeX: Active · farm board+$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.038% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	745.48	0	get 0.0000% / 8h	1h 46m	$5.5M	$12.2M	100x
Short	edgeX METAUSDC	745.73	0.0041	get 0.0020% / 4h	1h 46m	$62K	$344K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $8.58
Price spread: +0.033% → −0.005%: $3.76
Slippage, 4 orders: −$19.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$28.47
Costs to cover: 0.408%
Break-even: 30.2 days

Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 61 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, 2 min ago	1.48 bp	10.6 bp −$11	22.0 bp −$220	41.5 bp −$4,149	doesn't fit
Sell edgeX live order book, 61 min ago	5.16 bp	9.8 bp −$10	11.3 bp −$113	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	745.51	+0.004%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0036%	1h	745.26	−0.029%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.39	−0.012%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.29	−0.025%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.50	+0.003%	$26.6M	$187.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.49	+0.001%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.52	+0.005%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.82	−0.089%	$457K	$6.1M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	745.48	long leg	$5.5M	$12.2M	100x
Variational Omni META	0.0000%	8h	745.83	+0.047%	$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	746.06	+0.077%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.37	−0.015%	$924	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.30	−0.024%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.95	+0.063%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.37	−0.015%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0040%	1h	745.71	+0.031%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.31	−0.023%	$110K	$333K	10x	as long as short
edgeX METAUSDCshort	+0.0041%	4h	745.73	+0.033%	$62K	$344K	10x
Vest META-USD-PERP	+0.0046%	1h	745.81	+0.044%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.50	+0.003%	$177K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.08	−0.054%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.45	−0.004%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.75	−0.098%	$720K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	745.20	−0.037%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.39	+0.122%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.57	+0.012%	$1.6M	$669K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.13	−0.047%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.50	+0.003%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.24	−0.032%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	−0.007%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+1.024%	$174K	$46K	30x	as long as short
Lighter META	+0.0384%	1h	745.83	+0.047%	$1.1M	$2.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0408%	1h	745.34	−0.019%	$34K	$270K	10x	as long as short
Hotstuff META-PERP	+0.0456%	1h	745.84	+0.048%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0567%	1h	745.88	+0.054%	$76.8M	$126.9M	20x	as long as short
Phoenix META	+0.0739%	1h	747.27	+0.240%	$798K	$1.5M	20x	as long as short