Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: GRVT against Gate+0.215%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.215%, 7d avg +0.061%

Together, before fees−0.154%+ Points / potential airdropGRVT: Active · farm board−$15 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: GRVT is 0.154% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	743.78	0	get 0.0000% / 8h	1h 36m	$458K	$6.1M	100x
Short	GRVT META_USDT_Perp	745.38	0	get 0.0000% / 8h	1h 36m	$13K	$438K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.215%Rate

Funding earned: $0
Price spread: +0.215% → +0.061%: $15.38
Slippage, 4 orders: −$22.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$31.12
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; GRVT: live order book, 6 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, 1 min ago	6.25 bp	16.1 bp −$16	43.8 bp −$438	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	0.81 bp	8.6 bp −$9	13.6 bp −$136	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	+0.039%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	743.93	+0.021%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.10	+0.178%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.89	+0.015%	$552K	$2.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.12	+0.045%	$25.2M	$187.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.88	+0.013%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.15	+0.050%	$6.0M	$12.7M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	743.78	long leg	$458K	$6.1M	100x
Bitget METAUSDT	0.0000%	8h	744.07	+0.039%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.20	+0.192%	$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_Perpshort	0.0000%	8h	745.38	+0.215%	$13K	$438K	10x
SunX META-USDT	0.0000%	8h	743.93	+0.020%	$684	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.67	−0.015%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.88	+0.013%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.27	+0.200%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.05	+0.036%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.45	+0.090%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.55	+0.104%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.67	+0.120%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.13	+0.047%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.76	−0.003%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.13	+0.047%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.00	+0.030%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	744.09	+0.042%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.01	+0.166%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.18	+0.054%	$1.6M	$676K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.58	+0.108%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.21	+0.058%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.06	+0.037%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.27	+0.066%	$647K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.653%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	744.87	+0.147%	$33K	$105	20x	as long as short
Lighter META	+0.0376%	1h	744.49	+0.095%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0513%	1h	744.51	+0.098%	$77.1M	$127.3M	20x	as long as short
Phoenix META	+0.0739%	1h	746.28	+0.336%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0771%	4h	744.98	+0.162%	$62K	$343K	10x	as long as short
Pacifica META	+0.0800%	1h	744.23	+0.060%	—	—	—	as long as short