Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0807%/8h= +88.4% APRpaid last 24h +0.076%

Price spread now: edgeX against Orderly−0.035%49s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.035% cheaper against Orderly than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$24 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	747.21	0.0100	pay 0.0100% / 8h	7h 59m	$1K	$24	10x
Short	edgeX METAUSDC	746.95	0.0907	get 0.0453% / 4h	3h 59m	$62K	$345K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $169.45
Price spread: −0.035% → 0.000%: −$3.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $150.93
Costs to cover: 0.150%
Break-even: 0.8 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 39 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 39 min ago	5.50 bp	10.1 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit

Orderly: 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 37 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	747.59	+0.051%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.47	−0.099%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.22	−0.132%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.96	−0.167%	$25.4M	$190.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.14	−0.143%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.87	−0.179%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.63	−0.078%	$474K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.80	−0.189%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	747.50	+0.039%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.70	+0.065%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado META-PERP	0.0000%	1h	745.75	−0.195%	$481K	$560K	20x	as long as short
SunX META-USDT	0.0000%	8h	747.17	−0.005%	$765	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.54	−0.090%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	747.39	+0.024%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.30	+0.012%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.77	−0.193%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	746.57	−0.086%	$797K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.89	−0.177%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.26	−0.127%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.02	−0.293%	$567K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.18	−0.004%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.11	−0.147%	$729K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.87	−0.180%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.41	−0.107%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.59	−0.083%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.26	−0.127%	$1.6M	$735K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.64	−0.076%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	747.21	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	747.13	−0.011%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.42	−0.106%	$643K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.54	+0.312%	$177K	$51K	30x	as long as short
Popdex METAUSDT	+0.0408%	1h	745.96	−0.167%	$177K	$202K	20x	as long as short
Lighter META	+0.0448%	1h	746.30	−0.122%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0679%	1h	745.94	−0.170%	$84.7M	$132.6M	20x	as long as short
Phoenix META	+0.0750%	1h	748.38	+0.157%	$799K	$1.5M	20x	as long as short
Hotstuff META-PERP	+0.0776%	1h	746.46	−0.100%	$33K	$105	20x	as long as short
edgeX METAUSDCshort	+0.0907%	4h	746.95	−0.035%	$62K	$345K	10x