Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Vest against Orderly+0.042%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Vest

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 airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.042% dearer against Orderly than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	745.61	0.0100	pay 0.0100% / 8h	3h 25m	$1K	$24	10x
Short	Vest META-USD-PERP	745.92	0.0046	get 0.0006% / 1h	25m 09s	—	$10K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Orderly. 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 OrderlybpFee VestbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$11.41
Price spread: +0.042% → 0.000%: $4.16
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$15.25
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Vest: 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 Orderly no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Orderly and Vest: 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	745.95	+0.046%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.09	+0.065%	$470K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.40	−0.028%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.62	+0.001%	$28.5M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.70	+0.012%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.58	−0.004%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.19	−0.056%	$379K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	745.90	+0.038%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.71	+0.148%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.47	−0.019%	$939	$9.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.23	−0.051%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.41	−0.027%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.90	+0.039%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0002%	1h	745.12	−0.065%	$482K	$554K	20x	as long as short
Bitget METAUSDT	+0.0010%	8h	745.52	−0.012%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	745.79	+0.024%	$782K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.84	+0.031%	$111K	$330K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	745.92	+0.042%	—	$10K	25x
Polymarket Perps META-USD	+0.0050%	1h	745.24	−0.050%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.61	0.000%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.23	−0.051%	$786K	$4.6M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.39	−0.029%	—	—	5x	as long as short
QFEX META-USD	+0.0058%	1h	745.54	−0.009%	$2.2M	$13.8M	10x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.96	+0.047%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.82	+0.028%	$1.6M	$615K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.69	+0.011%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	745.61	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	745.48	−0.017%	$268	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	745.61	0.000%	$179K	$200K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.24	−0.050%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.39	+0.105%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	745.50	−0.015%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	745.78	+0.023%	$865K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0327%	1h	745.42	−0.025%	$70.3M	$121.2M	20x	as long as short
Phoenix META	+0.0633%	1h	746.69	+0.145%	$797K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0637%	4h	746.10	+0.066%	$62K	$337K	10x	as long as short