Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Deribit against Gate−0.026%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.427%+$43 · spread now −0.026%, 7d avg +0.001%

Together, before fees+0.450%+$45 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: Deribit is 0.027% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	740.87	0	get 0.0000% / 8h	5h 39m	$345K	$5.6M	100x
Short	Deribit META_USDC-PERPETUAL	740.68	0	get 0.0000% / 1h	39m 47s	$31K	$245K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.001%: −$2.66
Slippage, 4 orders: −$22.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$47.18
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Deribit: live order book, 24 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, 4 min ago	5.26 bp	14.8 bp −$15	40.0 bp −$400	doesn't fit	doesn't fit
Sell Deribit live order book, 24 min ago	0.07 bp	3.6 bp −$4	5.1 bp −$51	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	741.25	+0.051%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0033%	1h	740.77	−0.014%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.56	+0.093%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.02	+0.020%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.20	+0.045%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.25	+0.051%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.05	+0.024%	$5.9M	$13.3M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	740.87	long leg	$345K	$5.6M	100x
Bitget METAUSDT	0.0000%	8h	741.28	+0.055%	$5.4M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	+0.035%	$2.3M	$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_Perp	0.0000%	8h	741.50	+0.085%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.14	+0.036%	$780	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	740.68	−0.026%	$31K	$245K	10x
HTX META-USDT	0.0000%	8h	741.08	+0.028%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.44	+0.077%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.32	+0.061%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.08	+0.028%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.86	−0.001%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.33	+0.062%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.22	+0.047%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.96	+0.012%	$558K	$542K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.19	+0.043%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.77	−0.013%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	740.94	+0.009%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0075%	1h	742.15	+0.173%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.128%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.30	+0.058%	$1.6M	$510K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.95	+0.011%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.08	+0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.96	+0.012%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.358%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	741.51	+0.086%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0256%	1h	741.28	+0.055%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0276%	4h	741.35	+0.065%	$62K	$334K	10x	as long as short
tradeXYZ xyz:META	+0.0348%	1h	741.48	+0.082%	$69.1M	$120.0M	20x	as long as short
Phoenix META	+0.0496%	1h	742.14	+0.171%	$513K	$1.1M	20x	as long as short