Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0605%/8h= −66.3% APRpaid last 24h −0.074%

Price spread now: GRVT against edgeX−0.010%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.537%−$54 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.010%, 7d avg +0.007%

Together, before fees−0.524%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	742.41	0.0605	pay 0.0303% / 4h	42m 58s	$62K	$338K	10x
Short	GRVT META_USDT_Perp	742.33	0	get 0.0000% / 8h	4h 42m	$12K	$436K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$127.08
Price spread: −0.010% → +0.007%: −$1.78
Slippage, 4 orders: −$16.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$163.75
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from edgeX: live order book, 15 min ago; GRVT: live order book, 15 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, 15 min ago	5.31 bp	9.9 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell GRVT live order book, 15 min ago	1.08 bp	8.6 bp −$9	11.7 bp −$117	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	742.44	+0.004%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0051%	1h	742.06	−0.048%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.40	−0.002%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.24	−0.023%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.37	−0.006%	$27.5M	$180.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.28	−0.018%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.28	−0.018%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.03	−0.052%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.49	+0.010%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.05	−0.048%	$2.4M	$3.1M	—	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_Perpshort	0.0000%	8h	742.33	−0.010%	$12K	$436K	10x
SunX META-USDT	0.0000%	8h	742.62	+0.028%	$979	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.80	−0.082%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.16	−0.034%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.73	+0.043%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.42	+0.001%	$765K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.23	−0.025%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.10	−0.042%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.50	+0.012%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.47	+0.008%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.14	−0.037%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.41	0.000%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.82	−0.080%	$701K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.23	−0.024%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	743.15	+0.099%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.54	+0.017%	$1.6M	$535K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.34	−0.144%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.32	−0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.20	−0.028%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.053%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0120%	1h	742.47	+0.008%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.35	−0.143%	$171K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	742.37	−0.006%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0263%	1h	742.21	−0.027%	$69.4M	$120.4M	20x	as long as short
Phoenix META	+0.0591%	1h	743.22	+0.109%	$639K	$1.2M	20x	as long as short
edgeX METAUSDClong	+0.0605%	4h	742.41	long leg	$62K	$338K	10x