Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: GRVT against ApeX Omni+0.072%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.072%, 7d avg +0.036%

Together, before fees−0.201%+ Points / potential airdropGRVT: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.036% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.036%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	739.87	0.0100	pay 0.0013% / 1h	22m 21s	$166K	$71K	50x
Short	GRVT META_USDT_Perp	740.40	0	get 0.0000% / 8h	6h 22m	$12K	$431K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against ApeX Omni. 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 ApeX OmnibpFee GRVTbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$21
Price spread: +0.072% → +0.036%: $3.64
Slippage, 4 orders: −$26.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$62.8
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; GRVT: live order book, 45 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 ApeX Omni live order book, 44 min ago	2.63 bp	15.4 bp −$15	379.5 bp −$3,795	doesn't fit	doesn't fit
Sell GRVT live order book, 45 min ago	1.49 bp	7.9 bp −$8	14.4 bp −$144	doesn't fit	doesn't fit

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	−0.0130%	1h	739.31	−0.075%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.47	+0.081%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.13	+0.035%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.28	+0.055%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.11	+0.032%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.03	+0.022%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.08	+0.028%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.32	+0.061%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.67	+0.109%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perpshort	0.0000%	8h	740.40	+0.072%	$12K	$431K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.08	+0.028%	$717	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.91	+0.005%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.19	+0.043%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.124%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.16	+0.039%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.37	+0.068%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.09	+0.030%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.40	+0.072%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.27	+0.054%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.10	+0.031%	$557K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.31	+0.059%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.99	+0.016%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.71	−0.021%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.81	+0.127%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.27	+0.054%	$1.6M	$483K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	739.87	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.29	+0.057%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.10	+0.031%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.107%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0128%	1h	740.42	+0.074%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.43	+0.076%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.345%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0244%	1h	740.33	+0.062%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	741.24	+0.185%	$421K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0851%	4h	740.34	+0.064%	$62K	$334K	10x	as long as short