Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.025%

Price spread now: Coinbase International against GRVT+0.019%7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.333%+$33 · spread now +0.019%, 7d avg −0.111%

Together, before fees+0.246%+ Points / potential airdropGRVT: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.131% dearer against GRVT than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.111%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT META_USDT_Perp	745.97	0	get 0.0000% / 8h	7h 49m	$12K	$440K	10x
Short	Coinbase International META-PERP-INTX	746.12	0.0120	get 0.0015% / 1h	49m 14s	$647K	$8.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.019%Rate

Funding earned: $25.2
Price spread: +0.019% → −0.111%: $13.05
Slippage, 4 orders: −$13.69
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $5.56
Costs to cover: 0.327%
Break-even: 5.5 days

Slippage from GRVT: live order book, 48 min ago; Coinbase International: live order book, 5 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, 48 min ago	0.94 bp	8.4 bp −$8	16.4 bp −$164	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.28 bp	8.3 bp −$8	13.0 bp −$130	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	746.49	+0.069%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0045%	1h	746.02	+0.006%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.75	+0.105%	$484K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.15	+0.023%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.35	+0.050%	$25.7M	$190.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.25	+0.037%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.55	+0.077%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.60	−0.050%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.35	+0.050%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.52	+0.073%	$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_Perplong	0.0000%	8h	745.97	long leg	$12K	$440K	10x
SunX META-USDT	0.0000%	8h	746.63	+0.088%	$950	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.25	+0.037%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.21	+0.032%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.58	+0.081%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.70	+0.097%	$796K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	746.26	+0.038%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.97	−0.001%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.56	+0.078%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.33	+0.048%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.79	−0.025%	$567K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.23	+0.034%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.42	−0.074%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	746.02	+0.007%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.55	+0.077%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	745.79	−0.024%	$635	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.29	+0.042%	$1.6M	$747K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.75	−0.030%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.38	+0.054%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.21	+0.032%	$269	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0120%	1h	746.12	+0.019%	$647K	$8.1M	10x
Lighter META	+0.0208%	1h	746.68	+0.095%	$1.2M	$2.9M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.282%	$177K	$52K	30x	as long as short
tradeXYZ xyz:META	+0.0279%	1h	746.26	+0.038%	$84.7M	$132.3M	20x	as long as short
Hotstuff META-PERP	+0.0384%	1h	746.12	+0.019%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0572%	4h	746.25	+0.037%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.41	+0.058%	$797K	$1.5M	20x	as long as short