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 +0.004%

Price spread now: Bitget against GRVT−0.194%63s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.351% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.231%+$23 · spread now −0.194%, 7d avg −0.003%

Together, before fees+0.234%+ Points / potential airdropGRVT: Active · farm board+$23 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: Bitget is 0.192% cheaper against GRVT than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.003%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT META_USDT_Perp	739.31	0	get 0.0000% / 8h	7h 40m	$12K	$479K	10x
Short	Bitget METAUSDT	737.87	0	get 0.0000% / 8h	7h 40m	$5.6M	$11.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.194%Rate

Funding earned: $0
Price spread: −0.194% → −0.003%: −$19.17
Slippage, 4 orders: −$14.1
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$54.27
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from GRVT: live order book, 32 min ago; Bitget: live order book, 3 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, 32 min ago	1.15 bp	6.7 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.88 bp	10.5 bp −$10	17.3 bp −$173	29.6 bp −$2,963	doesn't fit

META on 36 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
Phemex METAUSDT	−0.0400%	4h	739.52	+0.029%	$2.0M	$7K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	738.97	−0.046%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	738.87	−0.059%	$463K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	737.96	−0.181%	$547K	$2.2M	17x	as long as short
Binance METAUSDT	0.0000%	8h	737.75	−0.211%	$27.1M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	737.67	−0.221%	$7.6M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	737.45	−0.251%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.11	−0.162%	$356K	$5.6M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	737.87	−0.194%	$5.6M	$11.1M	100x
Variational Omni META	0.0000%	8h	738.89	−0.056%	$2.3M	$3.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perplong	0.0000%	8h	739.31	long leg	$12K	$479K	10x
SunX META-USDT	0.0000%	8h	738.64	−0.090%	$821	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	737.98	−0.179%	$30K	$250K	10x	as long as short
HTX META-USDT	0.0000%	8h	738.12	−0.161%	$106K	$292K	30x	as long as short
Nado META-PERP	+0.0030%	1h	737.65	−0.223%	$372K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	738.08	−0.166%	$755K	$3.1M	20x	as long as short
Hotstuff META-PERP	+0.0032%	1h	738.27	−0.140%	$33K	$105	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.12	−0.161%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	737.66	−0.223%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	737.40	−0.258%	$555K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	738.29	−0.138%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	736.88	−0.328%	$686K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	738.19	−0.151%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.62	−0.093%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	737.79	−0.205%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	739.20	−0.015%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.34	−0.131%	$1.6M	$421K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.11	−0.027%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.63	−0.092%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	738.39	−0.123%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0133%	1h	737.96	−0.182%	$67.2M	$121.6M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.23	−0.146%	$607K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	738.87	−0.059%	$170K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	738.25	−0.143%	$850K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.18	−0.017%	$277K	$930K	20x	as long as short
edgeX METAUSDC	+0.0901%	4h	739.35	+0.006%	$62K	$332K	10x	as long as short