Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against GRVT+0.015%77s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as 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−$980.977% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now +0.015%, 7d avg +0.024%

Together, before fees+0.078%+ Points / potential airdropGRVT: Active · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT META_USDT_Perp	740.33	0	get 0.0000% / 8h	6h 04m	$12K	$432K	10x
Short	Phemex METAUSDT	740.44	0	get 0.0000% / 4h	2h 04m	$2.0M	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.024%: −$1
Slippage, 4 orders: −$76.68
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$98.68
Costs to cover: 0.977%
Break-even: never at this rate

Slippage from GRVT: live order book, 63 min ago; Phemex: 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, 63 min ago	1.49 bp	6.0 bp −$6	15.3 bp −$153	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.81 bp	37.8 bp −$38	doesn't fit	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
Nado META-PERP	−0.0115%	1h	740.07	−0.035%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.76	+0.058%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.27	−0.008%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.44	+0.015%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.41	+0.010%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.57	+0.032%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.15	−0.025%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	+0.012%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.47	+0.018%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perplong	0.0000%	8h	740.33	long leg	$12K	$432K	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	740.31	−0.003%	$890	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.90	−0.058%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.19	−0.019%	$105K	$296K	30x	as long as short
Phemex METAUSDTshort	0.0000%	4h	740.44	+0.015%	$2.0M	$8K	10x
QFEX META-USD	+0.0025%	1h	740.40	+0.009%	$2.2M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.59	+0.035%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.99	−0.046%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.58	+0.033%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.45	+0.016%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.22	−0.015%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.44	+0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.94	−0.053%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	740.29	−0.006%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.87	+0.072%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.45	+0.016%	$1.6M	$496K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.73	−0.081%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.46	+0.017%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.27	−0.008%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.044%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.39	+0.008%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.68	+0.047%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.18	+0.250%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0241%	1h	740.40	+0.009%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.05	+0.097%	$460K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0925%	4h	740.30	−0.004%	$62K	$335K	10x	as long as short