Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Gate+0.012%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	743.03	0	get 0.0000% / 8h	7h 38m	$473K	$6.3M	100x
Short	SoDEX META-USD	743.12	0.0050	get 0.0006% / 1h	38m 36s	$24K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $10.5
Price spread: +0.012% → 0.000%: $1.21
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.29
Costs to cover: 0.230%
Break-even: 14.5 days

Slippage unknown: Gate: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 5 min ago	8.14 bp	19.1 bp −$19	37.3 bp −$373	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	743.56	+0.071%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0018%	1h	742.92	−0.015%	$479K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.27	+0.033%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.15	+0.016%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.35	+0.043%	$25.8M	$191.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.19	+0.022%	$7.4M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.37	+0.046%	$6.0M	$12.8M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	743.03	long leg	$473K	$6.3M	100x
Bitget METAUSDT	0.0000%	8h	743.39	+0.048%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.98	−0.006%	$2.5M	$3.0M	—	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	743.97	+0.127%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.66	+0.085%	$723	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.03	0.000%	$48K	$280K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.33	+0.040%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.80	+0.104%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.52	+0.066%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.34	+0.042%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.05	+0.003%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.58	+0.074%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.31	+0.038%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.80	−0.031%	$565K	$619K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	743.12	+0.012%	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	742.83	−0.027%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.17	+0.019%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.07	+0.141%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.82	−0.029%	$625	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.14	+0.015%	$1.6M	$760K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.96	−0.009%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.07	+0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.87	−0.022%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.34	+0.042%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.359%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	743.70	+0.090%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0288%	1h	743.56	+0.071%	$84.3M	$132.6M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	743.47	+0.059%	$33K	$105	20x	as long as short
Phoenix META	+0.0791%	1h	744.18	+0.155%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0950%	4h	743.04	+0.001%	$63K	$346K	10x	as long as short