Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.124%

Price spread now: edgeX against Gate−0.079%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$700.696% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.641%+$64 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.079%, 7d avg +0.051%

Together, before fees+0.712%+ Points / potential airdropedgeX: Active · farm board+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.130% cheaper against Gate than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.051%). If the spread goes back, that is −$13 on $10k: about 4.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.641% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	744.44	0	get 0.0000% / 8h	7h 11m	$439K	$6.4M	100x
Short	edgeX METAUSDC	743.85	0.0103	get 0.0052% / 4h	3h 11m	$63K	$349K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $21.69
Price spread: −0.079% → +0.051%: −$13.01
Slippage, 4 orders: −$45.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$60.92
Costs to cover: 0.696%
Break-even: 26.7 days

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 22 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, 2 min ago	2.49 bp	34.3 bp −$34	47.2 bp −$472	doesn't fit	doesn't fit
Sell edgeX live order book, 22 min ago	5.11 bp	9.7 bp −$10	11.3 bp −$113	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	744.50	+0.008%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.80	+0.048%	$487K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.50	+0.008%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.63	+0.026%	$25.9M	$191.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.57	+0.017%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.64	+0.027%	$6.1M	$12.9M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	744.44	long leg	$439K	$6.4M	100x
Bitget METAUSDT	0.0000%	8h	744.49	+0.007%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.90	−0.073%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.05	−0.053%	$12K	$437K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.92	+0.064%	$714	$7.7M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.63	+0.026%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.49	+0.007%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0003%	1h	744.47	+0.004%	$479K	$561K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.94	+0.067%	$796K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.66	+0.030%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.24	−0.027%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.06	+0.083%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.65	+0.028%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.32	−0.016%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.74	+0.040%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.04	−0.054%	$727K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	744.57	+0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	744.72	+0.038%	$51K	$92K	10x	as long as short
Pacifica META	+0.0100%	1h	744.29	−0.020%	$612	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.18	−0.035%	$1.6M	$786K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.59	−0.114%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.76	+0.043%	$1K	$24	10x	as long as short
edgeX METAUSDCshort	+0.0103%	4h	743.85	−0.079%	$63K	$349K	10x
Aevo META-PERP	+0.0104%	1h	744.48	+0.005%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.19	−0.034%	$642K	$8.0M	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0180%	1h	744.69	+0.034%	$36K	$270K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.046%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0224%	1h	744.47	+0.004%	$33K	$105	20x	as long as short
Lighter META	+0.0288%	1h	745.10	+0.089%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0293%	1h	744.61	+0.023%	$85.7M	$134.2M	20x	as long as short
Phoenix META	+0.0791%	1h	745.15	+0.095%	$795K	$1.5M	20x	as long as short