Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against GRVT−0.064%7-day average −0.084% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.064%, 7d avg −0.084%

Together, before fees+0.235%+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.020% dearer against GRVT than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT META_USDT_Perp	740.46	0	get 0.0000% / 8h	6h 21m	$12K	$433K	10x
Short	Ondo Perps META-USD.P	739.99	0.0050	get 0.0006% / 1h	21m 31s	$697K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.064%Rate

Funding earned: $10.58
Price spread: −0.064% → −0.084%: $2.04
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.38
Costs to cover: 0.140%
Break-even: 7.9 days

Slippage unknown: GRVT: live order book, 46 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 46 min ago	1.49 bp	6.0 bp −$6	15.3 bp −$153	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado META-PERP	−0.0127%	1h	739.84	−0.084%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.48	+0.002%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.17	−0.040%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.35	−0.015%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.11	−0.047%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.29	−0.023%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.16	−0.041%	$353K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.29	−0.023%	$5.5M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	740.67	+0.029%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perplong	0.0000%	8h	740.46	long leg	$12K	$433K	10x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.08	−0.052%	$717	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.91	−0.074%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.19	−0.037%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.044%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.26	−0.027%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.40	−0.008%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.01	−0.061%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.42	−0.006%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.30	−0.022%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.10	−0.049%	$557K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.31	−0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	739.99	−0.064%	$697K	$4.3M	10x
Paradex META-USD-PERP	+0.0057%	8h	740.12	−0.046%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.81	+0.047%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.32	−0.019%	$1.6M	$484K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.81	−0.088%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.29	−0.023%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.10	−0.049%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.027%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0128%	1h	740.35	−0.015%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.34	−0.016%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.265%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0245%	1h	740.35	−0.015%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	741.24	+0.105%	$421K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0547%	4h	740.36	−0.014%	$62K	$335K	10x	as long as short