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 +0.008%

Price spread now: OKX against GRVT+0.089%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on GRVT Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.089%, 7d avg −0.009%

Together, before fees−0.014%+ Points / potential airdropGRVT: Active · farm board−$1 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: OKX is 0.098% dearer against GRVT than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.009%.

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	OKX META-USDT-SWAP	741.10	0	get 0.0000% / 8h	5h 59m	$5.9M	$13.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.009%: $9.78
Slippage, 4 orders: −$18.4
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.62
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.07 bp	9.7 bp −$10	16.4 bp −$164	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	740.94	+0.067%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.90	+0.062%	$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-SWAPshort	0.0000%	8h	741.10	+0.089%	$5.9M	$13.3M	20x
Gate META_USDT	0.0000%	8h	740.52	+0.011%	$355K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.11	+0.090%	$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	740.86	+0.057%	$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	740.46	+0.003%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.88	+0.059%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.00	+0.076%	$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	740.73	+0.039%	$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
Coinbase International META-PERP-INTX	+0.0096%	1h	740.37	−0.009%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.66	+0.030%	$1.6M	$498K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.95	−0.066%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.95	+0.069%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.77	+0.045%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0127%	4h	740.45	+0.001%	$62K	$337K	10x	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	740.15	−0.039%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.02	+0.078%	$860K	$2.4M	20x	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