Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h −0.011%

Price spread now: Gate against Nado+0.020%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.232%+$23 · spread now +0.020%, 7d avg −0.025%

Together, before fees+0.304%+ Points / potential airdropNado: Active · farm board+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.045% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	740.90	−0.0037	get 0.0005% / 1h	35m 25s	$479K	$550K	20x
Short	Gate META_USDT	741.05	0	get 0.0000% / 8h	5h 35m	$345K	$5.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Nado. 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 NadobpFee GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: $7.85
Price spread: +0.020% → −0.025%: $4.49
Slippage, 4 orders: −$26.85
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.51
Costs to cover: 0.488%
Break-even: 39.6 days

Slippage from Nado: live order book, 28 min ago; Gate: live order book, 3 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 Nado live order book, 28 min ago	0.61 bp	15.4 bp −$15	96.9 bp −$969	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.26 bp	14.5 bp −$14	49.8 bp −$498	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	741.24	+0.045%	$328K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0037%	1h	740.90	long leg	$479K	$550K	20x
Aster METAUSDT	0.0000%	8h	741.64	+0.099%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.20	+0.039%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.47	+0.076%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.26	+0.048%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.35	+0.060%	$5.9M	$13.3M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	741.05	+0.020%	$345K	$5.6M	100x
Bitget METAUSDT	0.0000%	8h	741.40	+0.067%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	+0.031%	$2.3M	$3.1M	—	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_Perp	0.0000%	8h	741.23	+0.044%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.33	+0.058%	$950	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.86	−0.006%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.97	+0.009%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.21	+0.041%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.61	+0.095%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.18	+0.037%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.81	−0.013%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.52	+0.083%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.43	+0.071%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.18	+0.037%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.27	+0.049%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.050%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	741.16	+0.034%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.15	+0.168%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.124%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.55	+0.087%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.43	−0.064%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.34	+0.059%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.22	+0.043%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.353%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.57	+0.090%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0248%	1h	741.46	+0.075%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	741.49	+0.079%	$69.2M	$120.1M	20x	as long as short
edgeX METAUSDC	+0.0464%	4h	741.05	+0.020%	$62K	$336K	10x	as long as short
Phoenix META	+0.0496%	1h	741.90	+0.134%	$526K	$1.1M	20x	as long as short