Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0771%/8h= −84.4% APRpaid last 24h −0.104%

Price spread now: Gate against edgeX−0.170%67s7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.502% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.593%−$59 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.170%, 7d avg −0.051%

Together, before fees−0.466%+ Points / potential airdropedgeX: Active · farm board−$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Gate is 0.118% cheaper against edgeX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.051%). Swap the legs. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	744.98	0.0771	pay 0.0386% / 4h	1h 36m	$62K	$343K	10x
Short	Gate META_USDT	743.72	0	get 0.0000% / 8h	1h 36m	$458K	$6.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now −0.170%Rate

Funding earned: −$161.94
Price spread: −0.170% → −0.051%: −$11.83
Slippage, 4 orders: −$26.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$223.95
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from edgeX: live order book, 7 min ago; Gate: live order book, 2 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 edgeX live order book, 7 min ago	5.17 bp	9.8 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.25 bp	14.5 bp −$14	26.0 bp −$260	doesn't fit	doesn't fit

META on 37 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	744.07	−0.123%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0027%	1h	743.89	−0.147%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.10	+0.015%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.98	−0.134%	$552K	$2.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.13	−0.115%	$25.2M	$187.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.97	−0.136%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.17	−0.109%	$6.0M	$12.6M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	743.72	−0.170%	$458K	$6.1M	100x
Bitget METAUSDT	0.0000%	8h	744.00	−0.132%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.20	+0.030%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.38	+0.053%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.93	−0.142%	$684	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.67	−0.176%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.88	−0.148%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.27	+0.038%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.01	−0.131%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.55	−0.058%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.27	−0.096%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.67	−0.042%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.17	−0.109%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.78	−0.162%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.13	−0.115%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.59	−0.187%	$710K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	744.05	−0.126%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.01	+0.004%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.29	−0.093%	$1.6M	$676K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.58	−0.054%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.05	−0.125%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.06	−0.124%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.27	−0.096%	$647K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.491%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	744.45	−0.072%	$33K	$105	20x	as long as short
Lighter META	+0.0376%	1h	744.70	−0.038%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0513%	1h	744.63	−0.048%	$77.2M	$127.3M	20x	as long as short
Phoenix META	+0.0739%	1h	746.28	+0.174%	$797K	$1.5M	20x	as long as short
edgeX METAUSDClong	+0.0771%	4h	744.98	long leg	$62K	$343K	10x
Pacifica META	+0.0800%	1h	744.08	−0.121%	—	—	—	as long as short