Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.054%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.054%, 7d avg +0.023%

Together, before fees−0.085%−$9 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: Binance is 0.031% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	740.36	0	get 0.0000% / 8h	5h 48m	$7.5M	$16.1M	100x
Short	Binance METAUSDT	740.76	0	get 0.0000% / 8h	5h 48m	$25.8M	$192.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.023%: $3.08
Slippage, 4 orders: −$11.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.56
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 3 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 Bybit live order book, 3 min ago	1.41 bp	10.2 bp −$10	17.7 bp −$177	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.07 bp	5.2 bp −$5	11.3 bp −$113	36.0 bp −$3,596	doesn't fit

META on 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	742.40	+0.276%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0113%	8h	740.93	+0.077%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.00	+0.086%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.47	+0.015%	$547K	$3.3M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	740.76	+0.054%	$25.8M	$192.7M	20x
Bybit METAUSDTlong	0.0000%	8h	740.36	long leg	$7.5M	$16.1M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.58	+0.030%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.40	+0.005%	$457K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.49	+0.018%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.83	+0.198%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.36	+0.271%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.03	+0.090%	$992	$7.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.67	+0.042%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.30	+0.127%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0007%	1h	740.36	0.000%	$36K	$257K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.90	+0.073%	$861K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.47	+0.015%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.71	+0.047%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.93	+0.077%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.30	−0.008%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.61	+0.034%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.69	+0.045%	$702K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	740.83	+0.063%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.26	−0.014%	$648K	$7.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.26	+0.122%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	740.97	+0.083%	$605	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.73	+0.050%	$1.6M	$878K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.45	+0.147%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.67	+0.042%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.50	+0.019%	$267	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	740.53	+0.023%	$178K	$200K	20x	as long as short
Nado META-PERP	+0.0127%	1h	740.46	+0.013%	$475K	$552K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.75	+0.458%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0292%	1h	740.81	+0.061%	$86.0M	$135.4M	20x	as long as short
Lighter META	+0.0376%	1h	740.91	+0.074%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0613%	1h	743.01	+0.358%	$793K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0833%	4h	742.11	+0.236%	$62K	$349K	10x	as long as short