Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%

Price spread now: OKX against Ondo Perps+0.057%7-day average +0.079% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 7 days+0.055%+$5 · spread now +0.057%, 7d avg +0.079%

Together, before fees−0.056%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.022% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	740.43	0.0050	pay 0.0006% / 1h	47m 57s	$705K	$4.2M	10x
Short	OKX META-USDT-SWAP	740.85	0	get 0.0000% / 8h	5h 47m	$5.9M	$13.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Ondo Perps. 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 Ondo PerpsbpFee OKXbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$10.58
Price spread: +0.057% → +0.079%: −$2.19
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.77
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, just now. 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 OKX live order book, just now	1.22 bp	9.1 bp −$9	18.6 bp −$186	doesn't fit	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 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	−0.0047%	1h	740.72	+0.039%	$479K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.07	+0.087%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.82	+0.053%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.03	+0.081%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.91	+0.065%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	740.85	+0.057%	$5.9M	$13.3M	20x
Gate META_USDT	0.0000%	8h	740.76	+0.045%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.00	+0.077%	$5.4M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.74	+0.177%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.92	+0.201%	$13K	$432K	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	741.58	+0.155%	$980	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.92	+0.066%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.89	+0.197%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.98	+0.074%	$762K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.04	+0.082%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.26	+0.112%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.47	+0.140%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.07	+0.086%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.74	+0.042%	$558K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.95	+0.070%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	740.43	long leg	$705K	$4.2M	10x
Paradex META-USD-PERP	+0.0057%	8h	740.94	+0.069%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0073%	1h	741.82	+0.187%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.188%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.99	+0.076%	$1.6M	$506K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.18	+0.101%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.76	+0.045%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.63	+0.027%	$267	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0115%	1h	740.47	+0.005%	$31K	$245K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.36	+0.531%	$172K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	740.92	+0.066%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0264%	1h	741.28	+0.115%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0356%	1h	741.17	+0.100%	$69.0M	$120.0M	20x	as long as short
Phoenix META	+0.0496%	1h	742.78	+0.317%	$496K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0529%	4h	741.87	+0.195%	$62K	$335K	10x	as long as short