Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.009%

Price spread now: Vest against Bitget+0.027%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.027% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	744.26	0	get 0.0000% / 8h	2h 14m	$5.6M	$12.1M	100x
Short	Vest META-USD-PERP	744.46	0.0046	get 0.0006% / 1h	14m 35s	—	$11K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bitget. 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 BitgetbpFee VestbpOrdersPrice spread, now +0.027%Rate

Funding earned: $9.59
Price spread: +0.027% → 0.000%: $2.69
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$1.72
Costs to cover: 0.140%
Break-even: 8.3 days

Slippage unknown: Bitget: live order book, 4 min ago; Vest: no order-book sample. 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 Bitget live order book, 4 min ago	0.54 bp	8.9 bp −$9	15.9 bp −$159	25.5 bp −$2,547	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Deribit META_USDC-PERPETUAL	−0.0207%	1h	743.50	−0.102%	$31K	$264K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	743.90	−0.048%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.11	−0.021%	$479K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.89	−0.050%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.11	−0.020%	$27.6M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.04	−0.030%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.19	−0.009%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.56	−0.094%	$439K	$5.9M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	744.26	long leg	$5.6M	$12.1M	100x
Variational Omni META	0.0000%	8h	743.82	−0.059%	$2.4M	$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	743.82	−0.059%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.02	−0.032%	$755	$8.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.77	−0.066%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.28	+0.003%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	743.97	−0.039%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.44	+0.024%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.51	−0.101%	$109K	$331K	10x	as long as short
edgeX METAUSDC	+0.0042%	4h	743.62	−0.086%	$62K	$341K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	744.46	+0.027%	—	$11K	25x
QFEX META-USD	+0.0046%	1h	743.99	−0.036%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.15	−0.015%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.82	−0.059%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.98	−0.038%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.21	−0.141%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	744.06	−0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.27	+0.002%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.86	−0.054%	$1.6M	$652K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.01	−0.168%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.94	−0.043%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.85	−0.055%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.43	−0.112%	$654K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.235%	$172K	$46K	30x	as long as short
Lighter META	+0.0296%	1h	744.49	+0.031%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.46	+0.027%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0446%	1h	744.62	+0.048%	$75.5M	$125.4M	20x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.085%	$795K	$1.4M	20x	as long as short