Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0246%/8h= +26.9% APRpaid last 24h +0.095%

Price spread now: edgeX against GRVT−0.068%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.503%+$50 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.068%, 7d avg −0.008%

Together, before fees+0.571%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.060% cheaper against GRVT than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.008%). If the spread goes back, that is −$6 on $10k: about 19 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT META_USDT_Perp	740.92	0	get 0.0000% / 8h	1h 27m	$12K	$506K	10x
Short	edgeX METAUSDC	740.42	0.0246	get 0.0123% / 4h	1h 27m	$62K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $51.68
Price spread: −0.068% → −0.008%: −$6
Slippage, 4 orders: −$17.01
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $10.67
Costs to cover: 0.350%
Break-even: 5.6 days

Slippage from GRVT: live order book, 55 min ago; edgeX: live order book, 55 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, 55 min ago	0.94 bp	6.4 bp −$6	11.2 bp −$112	doesn't fit	doesn't fit
Sell edgeX live order book, 55 min ago	5.13 bp	9.7 bp −$10	11.3 bp −$113	doesn't fit	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
BloFin META-USDT	−0.0120%	8h	741.34	+0.057%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0084%	1h	741.43	+0.069%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.113%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.14	+0.029%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.26	+0.046%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.32	+0.054%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.32	+0.054%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.75	−0.023%	$343K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.35	+0.058%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.62	−0.040%	$1.6M	$2.6M	—	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	740.92	long leg	$12K	$506K	10x
SunX META-USDT	0.0000%	8h	741.57	+0.088%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.44	+0.070%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.09	+0.023%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.20	+0.038%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.35	+0.058%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.64	+0.097%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.85	−0.009%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.96	+0.140%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.38	+0.062%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.40	+0.065%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.27	+0.047%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.17	+0.034%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.18	+0.035%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.46	+0.073%	$48K	$64K	10x	as long as short
Lighter META	+0.0056%	1h	741.61	+0.093%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.001%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.12	+0.027%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0096%	1h	741.46	+0.073%	$68.6M	$120.9M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.21	+0.039%	$1.6M	$363K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.52	−0.054%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.28	+0.049%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.20	+0.038%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	741.51	+0.080%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.046%	$169K	$46K	30x	as long as short
edgeX METAUSDCshort	+0.0246%	4h	740.42	−0.068%	$62K	$331K	10x