Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against GRVT−0.089%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.089% cheaper against GRVT than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT META_USDT_Perp	740.74	0	get 0.0000% / 8h	7h 53m	$12K	$484K	10x
Short	SoDEX META-USD	740.08	0.0050	get 0.0006% / 1h	53m 02s	$24K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $10.5
Price spread: −0.089% → 0.000%: −$8.91
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.41
Costs to cover: 0.170%
Break-even: 17.3 days

Slippage unknown: GRVT: live order book, 20 min ago; SoDEX: 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, 20 min ago	1.15 bp	6.7 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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	740.22	−0.070%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.88	+0.019%	$461K	$545K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.02	−0.097%	$552K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.22	−0.070%	$27.4M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.20	−0.073%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.20	−0.073%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.89	−0.115%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.14	−0.081%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	−0.032%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perplong	0.0000%	8h	740.74	long leg	$12K	$484K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.04	−0.095%	$850	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.07	−0.090%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	+0.024%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0016%	1h	739.78	−0.129%	$384K	$334K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.32	−0.057%	$758K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.31	−0.058%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.21	−0.072%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.95	−0.107%	$557K	$857K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	740.08	−0.089%	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	739.36	−0.186%	$746K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.99	−0.101%	$2.2M	$14.2M	10x	as long as short
Hotstuff META-PERP	+0.0056%	1h	739.80	−0.127%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0063%	1h	740.08	−0.089%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	739.81	−0.126%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.59	−0.020%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.28	−0.062%	$1.6M	$411K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.19	−0.074%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.19	−0.074%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.01	−0.098%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0123%	1h	739.92	−0.111%	$67.6M	$121.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0129%	1h	739.93	−0.109%	$30K	$253K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	−0.085%	$602K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.058%	$168K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.38	−0.049%	$856K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	740.67	−0.009%	$287K	$930K	20x	as long as short
edgeX METAUSDC	+0.0751%	4h	740.87	+0.017%	$62K	$332K	10x	as long as short