Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.127%

Price spread now: Extended against Bybit0.000%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 7 days−0.392%−$39 · spread now 0.000%, 7d avg −0.013%

Together, before fees−0.262%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	740.01	0	get 0.0000% / 8h	6h 16m	$7.5M	$13.8M	100x
Short	Extended META_24_5-USD	740.01	0	get 0.0000% / 1h	16m 25s	$550K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.013%: $1.27
Slippage, 4 orders: −$15.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.53
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	1.55 bp	9.8 bp −$10	18.1 bp −$181	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.74 bp	5.7 bp −$6	27.3 bp −$273	doesn't fit	doesn't fit

META on 35 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	−0.0121%	1h	739.91	−0.014%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.64	+0.085%	$466K	$549K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	740.01	0.000%	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	740.19	+0.024%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	740.01	long leg	$7.5M	$13.8M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.25	+0.032%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.90	−0.015%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.036%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.21	+0.027%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.16	+0.020%	$12K	$433K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.06	+0.007%	$1K	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.60	−0.055%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.09	+0.011%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.105%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.03	+0.003%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.45	+0.059%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.77	−0.032%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.36	+0.047%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.15	+0.019%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.86	−0.020%	$557K	$701K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.22	+0.028%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.55	−0.062%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	740.04	+0.004%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.89	+0.118%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.21	+0.027%	$1.6M	$485K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.74	−0.036%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.09	+0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.07	+0.008%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.088%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.34	+0.045%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.28	+0.036%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.326%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0245%	1h	740.19	+0.024%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.114%	$434K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	739.98	−0.004%	$62K	$336K	10x	as long as short