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 −0.004%

Price spread now: GRVT against Bybit−0.007%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.007%, 7d avg −0.002%

Together, before fees−0.033%+ Points / potential airdropGRVT: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	747.45	0	get 0.0000% / 8h	3h 02m	$7.6M	$14.8M	100x
Short	GRVT META_USDT_Perp	747.40	0	get 0.0000% / 8h	3h 02m	$12K	$448K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.002%: −$0.5
Slippage, 4 orders: −$12.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$32.96
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; GRVT: live order book, 50 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, 1 min ago	0.67 bp	7.9 bp −$8	22.2 bp −$222	doesn't fit	doesn't fit
Sell GRVT live order book, 50 min ago	1.14 bp	7.8 bp −$8	11.9 bp −$119	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	747.59	+0.019%	$331K	$1.1M	20x	as long as short
Nado META-PERP	−0.0001%	1h	747.75	+0.041%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.29	−0.022%	$492K	$578K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.23	−0.030%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.37	−0.011%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	747.45	long leg	$7.6M	$14.8M	100x
OKX META-USDT-SWAP	0.0000%	8h	747.43	−0.003%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.09	−0.048%	$431K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	747.58	+0.018%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perpshort	0.0000%	8h	747.40	−0.007%	$12K	$448K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.52	+0.009%	$775	$8.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	747.31	−0.019%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	748.17	+0.096%	$107K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	748.19	+0.099%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	747.60	+0.020%	$770K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.24	−0.028%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.88	+0.058%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.30	−0.020%	$588K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.54	+0.012%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.04	−0.055%	$770K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.76	+0.041%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	747.77	+0.043%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	748.45	+0.134%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.73	+0.037%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.50	+0.007%	$1.6M	$626K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	747.07	−0.051%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.68	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.57	+0.016%	$269	—	10x	as long as short
Bitget METAUSDT	+0.0105%	8h	747.42	−0.004%	$5.5M	$12.0M	100x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.51	+0.008%	$673K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.04	−0.055%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0264%	1h	747.97	+0.070%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	747.53	+0.011%	$926K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0352%	1h	747.62	+0.023%	$72.1M	$121.9M	20x	as long as short
Phoenix META	+0.0633%	1h	748.62	+0.157%	$802K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0817%	4h	747.32	−0.017%	$62K	$339K	10x	as long as short