Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%

Price spread now: Gate against Bybit−0.055%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.055%, 7d avg −0.033%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.022% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	743.78	0	get 0.0000% / 8h	2h 19m	$7.3M	$15.1M	100x
Short	Gate META_USDT	743.37	0	get 0.0000% / 8h	2h 19m	$440K	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.033%: −$2.2
Slippage, 4 orders: −$26.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.08
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 4 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 Bybit live order book, 4 min ago	0.67 bp	12.4 bp −$12	20.5 bp −$205	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.72 bp	15.4 bp −$15	42.2 bp −$422	doesn't fit	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	743.71	−0.009%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.25	+0.063%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.65	−0.017%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.97	+0.025%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	743.78	long leg	$7.3M	$15.1M	100x
OKX META-USDT-SWAP	0.0000%	8h	743.94	+0.022%	$6.0M	$12.4M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	743.37	−0.055%	$440K	$5.9M	100x
Bitget METAUSDT	0.0000%	8h	743.98	+0.027%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.58	−0.027%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.85	+0.009%	$13K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.04	+0.035%	$819	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.39	−0.052%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.44	−0.046%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.80	+0.003%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0012%	1h	743.58	−0.026%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.89	+0.015%	$756K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.34	−0.059%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.05	+0.036%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.76	−0.003%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.89	+0.015%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.40	−0.051%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.78	0.000%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.26	−0.070%	$740K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	743.76	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.34	+0.075%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.65	−0.017%	$1.6M	$650K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.10	−0.091%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.86	+0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.58	−0.027%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	−0.027%	$655K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0187%	4h	743.65	−0.018%	$62K	$340K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.300%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	743.99	+0.028%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.18	+0.054%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0444%	1h	744.24	+0.062%	$75.1M	$125.1M	20x	as long as short
Phoenix META	+0.0685%	1h	744.88	+0.148%	$795K	$1.4M	20x	as long as short