Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Bitget against Gate+0.032%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.032%, 7d avg +0.050%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	741.98	0	get 0.0000% / 8h	30m 01s	$345K	$5.5M	100x
Short	Bitget METAUSDT	742.22	0	get 0.0000% / 8h	30m 01s	$5.6M	$11.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.050%: −$1.72
Slippage, 4 orders: −$21.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.71
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bitget: 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 Gate live order book, 3 min ago	5.26 bp	15.5 bp −$16	31.5 bp −$315	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.27 bp	10.3 bp −$10	14.7 bp −$147	31.8 bp −$3,182	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	742.29	+0.042%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0045%	1h	741.85	−0.017%	$390K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.00	+0.003%	$457K	$538K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.19	+0.028%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.37	+0.053%	$27.3M	$179.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.17	+0.026%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.18	+0.027%	$6.0M	$13.2M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	741.98	long leg	$345K	$5.5M	100x
Bitget METAUSDTshort	0.0000%	8h	742.22	+0.032%	$5.6M	$11.4M	100x
Variational Omni META	0.0000%	8h	742.34	+0.048%	$2.3M	$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	742.39	+0.055%	$12K	$480K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.08	+0.013%	$838	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.13	+0.020%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.54	+0.075%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	742.35	+0.050%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	742.50	+0.070%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.95	−0.004%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.52	+0.073%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.21	+0.031%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.28	+0.040%	$542K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.27	+0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.86	−0.016%	$761K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	742.04	+0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0066%	1h	743.02	+0.141%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.98	0.000%	$609K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.15	+0.023%	$1.6M	$382K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.01	+0.004%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.14	+0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.02	+0.006%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	742.31	+0.044%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.29	+0.042%	$33K	$105	20x	as long as short
Lighter META	+0.0184%	1h	742.54	+0.075%	$859K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.36	+0.321%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0247%	1h	742.33	+0.047%	$67.7M	$122.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0289%	1h	742.22	+0.032%	$30K	$257K	10x	as long as short
edgeX METAUSDC	+0.0539%	4h	742.13	+0.020%	$62K	$333K	10x	as long as short