Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.002%

Price spread now: GRVT against Nado+0.141%61s7-day average +0.031% · 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—prices read too far apart to compare

costs, in and out, $10k−$410.410% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$10 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now +0.141%, 7d avg +0.031%

Together, before fees+0.190%+ Points / potential airdropNado: Active · GRVT: Active · farm board+$19 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 GRVT is 0.110% dearer against Nado than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.031%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	742.92	−0.0018	get 0.0002% / 1h	38m 34s	$479K	$560K	20x
Short	GRVT META_USDT_Perp	743.97	0	get 0.0000% / 8h	7h 38m	$12K	$443K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.141%Rate

Funding earned: $3.88
Price spread: +0.141% → +0.031%: $11.04
Slippage, 4 orders: −$25.04
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$26.12
Costs to cover: 0.410%
Break-even: 54.1 days

Slippage from Nado: live order book, 59 min ago; GRVT: live order book, 59 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, 59 min ago	0.40 bp	14.5 bp −$15	93.1 bp −$931	doesn't fit	doesn't fit
Sell GRVT live order book, 59 min ago	0.94 bp	7.4 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit

META on 37 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	743.56	+0.086%	$334K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0018%	1h	742.92	long leg	$479K	$560K	20x
Aster METAUSDT	0.0000%	8h	743.27	+0.047%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.15	+0.031%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.35	+0.058%	$25.8M	$191.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.19	+0.036%	$7.4M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.37	+0.060%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.03	+0.015%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.39	+0.063%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.98	+0.008%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perpshort	0.0000%	8h	743.97	+0.141%	$12K	$443K	10x
SunX META-USDT	0.0000%	8h	743.66	+0.099%	$723	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.03	+0.015%	$48K	$280K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.33	+0.055%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.80	+0.118%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.52	+0.081%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.34	+0.056%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.05	+0.017%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.58	+0.089%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.31	+0.052%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.80	−0.016%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.12	+0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.83	−0.012%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.17	+0.034%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.07	+0.155%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.82	−0.014%	$625	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.14	+0.029%	$1.6M	$760K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.96	+0.005%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.07	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.87	−0.007%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.34	+0.056%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.374%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	743.70	+0.105%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0288%	1h	743.56	+0.086%	$84.3M	$132.6M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	743.47	+0.074%	$33K	$105	20x	as long as short
Phoenix META	+0.0791%	1h	744.18	+0.169%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0950%	4h	743.04	+0.015%	$63K	$346K	10x	as long as short