Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.035%

Price spread now: ApeX Omni against BloFin−0.082%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.380%+$38 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now −0.082%, 7d avg −0.057%

Together, before fees+0.290%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.026% cheaper against BloFin than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.057%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	741.86	−0.0120	get 0.0120% / 8h	14m 17s	$328K	$1.1M	20x
Short	ApeX Omni METAUSDT	741.25	0.0100	get 0.0013% / 1h	14m 17s	$166K	$74K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.082%Rate

Funding earned: $46.2
Price spread: −0.082% → −0.057%: −$2.56
Slippage, 4 orders: −$32.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$11.1
Costs to cover: 0.547%
Break-even: 8.7 days

Slippage from BloFin: live order book, 3 min ago; ApeX Omni: live order book, 62 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 BloFin live order book, 3 min ago	0.14 bp	7.3 bp −$7	13.2 bp −$132	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 62 min ago	2.63 bp	24.1 bp −$24	506.3 bp −$5,063	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-USDTlong	−0.0120%	8h	741.86	long leg	$328K	$1.1M	20x
Nado META-PERP	−0.0003%	1h	741.02	−0.113%	$385K	$332K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.70	−0.022%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.54	−0.043%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.68	−0.024%	$27.4M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.52	−0.046%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.52	−0.046%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.08	−0.105%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.56	−0.040%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.89	+0.004%	$2.3M	$3.2M	—	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	741.81	−0.007%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.42	−0.059%	$744	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.54	−0.043%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.98	+0.016%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.54	−0.043%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.74	−0.016%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.22	−0.086%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.61	−0.034%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.60	−0.035%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.52	−0.046%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.54	−0.043%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.07	−0.106%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	741.43	−0.058%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	742.52	+0.089%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	−0.084%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.50	−0.049%	$1.6M	$398K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	741.25	−0.082%	$166K	$74K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.46	−0.054%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.47	−0.053%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.77	−0.012%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.57	−0.039%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0179%	4h	741.82	−0.005%	$62K	$333K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.17	−0.093%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	741.80	−0.008%	$859K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0262%	1h	741.53	−0.044%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0519%	1h	741.54	−0.043%	$30K	$258K	10x	as long as short