Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.067%

Price spread now: Binance against Ondo Perps+0.077%7-day average +0.077% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 2 days (all we have)−0.004%$0 · spread now +0.077%, 7d avg +0.077%

Together, before fees−0.167%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	742.93	0.0050	pay 0.0006% / 1h	39m 27s	$769K	$4.3M	10x
Short	Binance METAUSDT	743.50	0	get 0.0000% / 8h	39m 27s	$27.4M	$179.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.077%Rate

Funding earned: −$10.58
Price spread: +0.077% → +0.077%: −$0.08
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.66
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	0.07 bp	5.6 bp −$6	11.0 bp −$110	37.3 bp −$3,732	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDT	−0.0120%	8h	743.40	+0.063%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0076%	1h	743.21	+0.037%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	+0.077%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.31	+0.051%	$549K	$1.6M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	743.50	+0.077%	$27.4M	$179.6M	20x
Bybit METAUSDT	0.0000%	8h	743.55	+0.083%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.67	+0.100%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.01	+0.011%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.38	+0.061%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.32	+0.053%	$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	743.64	+0.096%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.30	+0.050%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.11	+0.024%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.35	+0.057%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.60	+0.090%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.43	+0.067%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.70	+0.104%	$757K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.01	+0.011%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.85	+0.124%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.45	+0.070%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.44	+0.069%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.50	+0.077%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	742.93	long leg	$769K	$4.3M	10x
Paradex META-USD-PERP	+0.0051%	8h	743.35	+0.056%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	744.22	+0.174%	$49K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.047%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.44	+0.069%	$1.6M	$380K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.98	+0.007%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.43	+0.067%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.48	+0.074%	$268	—	10x	as long as short
Lighter META	+0.0128%	1h	743.67	+0.100%	$860K	$2.6M	20x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.125%	$293K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.63	+0.094%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.390%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0224%	1h	743.73	+0.108%	$67.7M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0710%	4h	743.35	+0.057%	$62K	$331K	10x	as long as short