Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+0.090%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.090%, 7d avg +0.048%

Together, before fees−0.066%−$7 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: OKX is 0.041% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	745.94	0	get 0.0000% / 8h	7h 52m	$471K	$6.2M	100x
Short	OKX META-USDT-SWAP	746.61	0	get 0.0000% / 8h	7h 52m	$6.0M	$12.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.048%: $4.14
Slippage, 4 orders: −$34.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$54.99
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: live order book, 1 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	8.65 bp	18.3 bp −$18	36.0 bp −$360	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.74 bp	11.8 bp −$12	23.5 bp −$235	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	745.85	−0.012%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0030%	1h	746.53	+0.079%	$482K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.75	+0.108%	$484K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.28	+0.046%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.86	+0.123%	$25.7M	$190.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.66	+0.097%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	746.61	+0.090%	$6.0M	$12.8M	20x
Gate META_USDTlong	0.0000%	8h	745.94	long leg	$471K	$6.2M	100x
Bitget METAUSDT	0.0000%	8h	746.63	+0.093%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.33	−0.216%	$2.5M	$3.2M	—	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_Perp	0.0000%	8h	744.96	−0.131%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.94	+0.134%	$1K	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.45	+0.068%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.34	+0.054%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.55	+0.082%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.58	+0.086%	$796K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	746.59	+0.087%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	746.31	+0.050%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.64	+0.094%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.76	+0.110%	$181K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.19	+0.034%	$567K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.40	+0.062%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.15	+0.028%	$714K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	746.13	+0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.31	+0.050%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	745.99	+0.006%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.41	+0.063%	$1.6M	$742K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.47	−0.197%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.49	+0.074%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.29	+0.047%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	746.34	+0.054%	$648K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.31	+0.050%	$176K	$52K	30x	as long as short
Lighter META	+0.0264%	1h	746.84	+0.121%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0324%	1h	746.89	+0.127%	$84.7M	$132.1M	20x	as long as short
edgeX METAUSDC	+0.0490%	4h	744.42	−0.204%	$62K	$344K	10x	as long as short
Hotstuff META-PERP	+0.0512%	1h	745.57	−0.050%	$33K	$105	20x	as long as short
Phoenix META	+0.0791%	1h	746.41	+0.063%	$797K	$1.5M	20x	as long as short