Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.018%

Price spread now: Bybit against Nado+0.016%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now +0.016%, 7d avg +0.030%

Together, before fees+0.240%+ Points / potential airdropNado: Active · farm board+$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	745.82	−0.0002	get 0.0000% / 1h	5m 22s	$483K	$557K	20x
Short	Bybit METAUSDT	745.94	0	get 0.0000% / 8h	2h 05m	$7.3M	$15.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Nado. 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 NadobpFee BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0.39
Price spread: +0.016% → +0.030%: −$1.39
Slippage, 4 orders: −$20.78
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.78
Costs to cover: 0.388%
Break-even: 713.9 days

Slippage from Nado: live order book, 43 min ago; Bybit: 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 Nado live order book, 43 min ago	0.60 bp	10.0 bp −$10	46.7 bp −$467	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.74 bp	10.3 bp −$10	20.1 bp −$201	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
Deribit META_USDC-PERPETUAL	−0.0139%	1h	745.45	−0.049%	$31K	$263K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	745.91	+0.012%	$329K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0002%	1h	745.82	long leg	$483K	$557K	20x
Aster METAUSDT	0.0000%	8h	745.83	+0.002%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.61	−0.028%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.83	+0.002%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	745.94	+0.016%	$7.3M	$15.1M	100x
OKX META-USDT-SWAP	0.0000%	8h	746.05	+0.031%	$6.1M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.56	−0.035%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.98	+0.022%	$5.5M	$12.1M	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	746.12	+0.041%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.23	+0.055%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.72	−0.013%	$995	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.60	−0.029%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.87	+0.007%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.18	+0.048%	$776K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.47	−0.047%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.36	+0.073%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.76	−0.008%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.89	+0.010%	$179K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.62	−0.027%	$587K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.78	−0.005%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.57	−0.033%	$752K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	746.01	+0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	746.39	+0.076%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.81	−0.001%	$1.6M	$658K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.62	−0.027%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.85	+0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.69	−0.017%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.40	−0.056%	$656K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.296%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	746.25	+0.058%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.54	+0.097%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0453%	1h	746.30	+0.065%	$76.2M	$125.8M	20x	as long as short
edgeX METAUSDC	+0.0674%	4h	745.96	+0.019%	$62K	$340K	10x	as long as short
Phoenix META	+0.0685%	1h	747.34	+0.204%	$798K	$1.4M	20x	as long as short