Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.068%

Price spread now: ApeX Omni against edgeX−0.033%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.355%−$35 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.033%, 7d avg −0.037%

Together, before fees−0.383%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	740.50	0.0352	pay 0.0176% / 4h	2h 58m	$62K	$336K	10x
Short	ApeX Omni METAUSDT	740.26	0.0100	get 0.0013% / 1h	58m 13s	$166K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now −0.033%Rate

Funding earned: −$52.89
Price spread: −0.033% → −0.037%: $0.44
Slippage, 4 orders: −$32.06
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$103.51
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from edgeX: live order book, 10 min ago; ApeX Omni: live order book, 8 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 edgeX live order book, 10 min ago	5.13 bp	9.7 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	2.63 bp	16.1 bp −$16	497.8 bp −$4,978	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	−0.0204%	1h	740.38	−0.016%	$490K	$527K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0155%	1h	740.00	−0.068%	$30K	$246K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	740.34	−0.022%	$326K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.39	−0.015%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.23	−0.037%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.42	−0.011%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.57	+0.009%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.11	−0.053%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.20	−0.041%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.41	−0.012%	$5.6M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.22	−0.039%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	−0.006%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.43	−0.010%	$801	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.21	−0.039%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.56	+0.008%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.18	−0.043%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.68	+0.024%	$753K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.01	−0.066%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.83	+0.044%	—	$11K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	740.59	+0.012%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.41	−0.012%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.18	−0.043%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.39	−0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.86	−0.087%	$693K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.39	−0.015%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	741.00	+0.068%	$48K	$80K	10x	as long as short
Lighter META	+0.0080%	1h	740.60	+0.013%	$857K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.63	+0.017%	$1.6M	$456K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	740.26	−0.033%	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.47	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.22	−0.038%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.19	−0.042%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0160%	1h	740.58	+0.011%	$68.0M	$121.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.313%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.06	+0.075%	$343K	$920K	20x	as long as short
edgeX METAUSDClong	+0.0352%	4h	740.50	long leg	$62K	$336K	10x