Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.050%

Price spread now: Bitget against tradeXYZ+0.026%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.026%, 7d avg +0.043%

Together, before fees−0.177%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:META	739.48	0.0104	pay 0.0013% / 1h	45m 12s	$67.7M	$121.3M	20x
Short	Bitget METAUSDT	739.67	0	get 0.0000% / 8h	7h 45m	$5.6M	$11.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$21.81
Price spread: +0.026% → +0.043%: −$1.7
Slippage, 4 orders: −$9.75
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.26
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Bitget: 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 tradeXYZ live order book, 3 min ago	0.41 bp	9.6 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.54 bp	8.5 bp −$8	18.1 bp −$181	39.8 bp −$3,985	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
BloFin META-USDT	−0.0120%	8h	739.58	+0.014%	$327K	$1.1M	20x	as long as short
Phemex METAUSDT	−0.0100%	4h	739.85	+0.050%	$2.0M	$7K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.69	+0.164%	$463K	$548K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.48	0.000%	$554K	$1.9M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.65	+0.023%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.57	+0.012%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.46	−0.003%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.28	−0.027%	$357K	$5.6M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	739.67	+0.026%	$5.6M	$11.1M	100x
Variational Omni META	0.0000%	8h	739.65	+0.023%	$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	740.23	+0.102%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.48	0.000%	$652	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.39	−0.012%	$106K	$292K	30x	as long as short
Nado META-PERP	+0.0026%	1h	739.11	−0.050%	$381K	$335K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.78	+0.041%	$757K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.73	+0.034%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.50	+0.003%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.36	−0.016%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.48	0.000%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.70	−0.105%	$687K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.44	−0.005%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.49	+0.001%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	739.18	−0.040%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	739.98	+0.068%	$48K	$79K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	739.24	−0.032%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.84	+0.049%	$1.6M	$417K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.38	−0.014%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.88	+0.054%	$1K	$24	10x	as long as short
tradeXYZ xyz:METAlong	+0.0104%	1h	739.48	long leg	$67.7M	$121.3M	20x
Aevo META-PERP	+0.0104%	1h	739.68	+0.027%	$266	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0142%	1h	739.46	−0.003%	$30K	$250K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.36	−0.016%	$601K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	738.87	−0.082%	$170K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	739.84	+0.049%	$856K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	739.42	−0.008%	$277K	$930K	20x	as long as short
edgeX METAUSDC	+0.0367%	4h	740.09	+0.083%	$62K	$334K	10x	as long as short