Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against GRVT−0.066%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.066%, 7d avg −0.036%

Together, before fees+0.195%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.030% cheaper against GRVT than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.036%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT META_USDT_Perp	740.44	0	get 0.0000% / 8h	5h 59m	$12K	$431K	10x
Short	ApeX Omni METAUSDT	739.95	0.0100	get 0.0013% / 1h	59m 30s	$166K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now −0.066%Rate

Funding earned: $21
Price spread: −0.066% → −0.036%: −$3.03
Slippage, 4 orders: −$39.64
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$40.67
Costs to cover: 0.586%
Break-even: 20.6 days

Slippage from GRVT: live order book, 3 min ago; ApeX Omni: 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 GRVT live order book, 3 min ago	1.15 bp	7.6 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	2.57 bp	20.2 bp −$20	546.4 bp −$5,464	doesn't fit	doesn't fit

META on 35 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
Aster METAUSDT	0.0000%	8h	740.70	+0.035%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.69	+0.034%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.07	+0.085%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.67	+0.031%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.10	+0.089%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.38	−0.008%	$355K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.94	+0.068%	$5.4M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.45	+0.001%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perplong	0.0000%	8h	740.44	long leg	$12K	$431K	10x
SunX META-USDT	0.0000%	8h	740.39	−0.007%	$1K	$9.1M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.75	−0.093%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.31	−0.018%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.49	+0.007%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.94	+0.068%	$2.1M	$13.7M	10x	as long as short
Nado META-PERP	+0.0030%	1h	739.96	−0.065%	$478K	$548K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.50	+0.008%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.08	−0.049%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.03	+0.080%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.80	+0.049%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.34	−0.014%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.11	−0.045%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	740.72	+0.038%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	741.03	+0.080%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.66	+0.030%	$1.6M	$498K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	739.95	−0.066%	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.37	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.15	−0.039%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.030%	$609K	$7.1M	10x	as long as short
edgeX METAUSDC	+0.0127%	4h	740.45	+0.001%	$62K	$337K	10x	as long as short
Lighter META	+0.0144%	1h	740.48	+0.005%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0144%	1h	741.06	+0.084%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.35	+0.258%	$171K	$48K	30x	as long as short
Popdex METAUSDT	+0.0296%	1h	741.08	+0.086%	$176K	$197K	20x	as long as short
Phoenix META	+0.0313%	1h	741.07	+0.085%	$473K	$978K	20x	as long as short
tradeXYZ xyz:META	+0.0383%	1h	741.04	+0.081%	$68.4M	$119.7M	20x	as long as short