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: GRVT against Phemex+0.003%7-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−$95as in the Price arb table

costs, in and out, $10k−$980.977% of the position

Long on Phemex Short on GRVT

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)−0.097%−$10 · spread now +0.003%, 7d avg −0.024%

Together, before fees−0.095%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.027% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex METAUSDT	740.44	0	get 0.0000% / 4h	2h 02m	$2.0M	$8K	10x
Short	GRVT META_USDT_Perp	740.46	0	get 0.0000% / 8h	6h 02m	$12K	$432K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phemex. 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 PhemexbpFee GRVTbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.024%: $2.72
Slippage, 4 orders: −$76.68
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$94.96
Costs to cover: 0.977%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; GRVT: live order book, 65 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 Phemex live order book, 6 min ago	0.81 bp	46.0 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 65 min ago	1.49 bp	7.9 bp −$8	14.4 bp −$144	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	−0.0114%	1h	740.17	−0.037%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.79	+0.047%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.31	−0.018%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.49	+0.007%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.27	−0.023%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.28	−0.022%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.04	−0.054%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	−0.003%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.47	+0.003%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perpshort	0.0000%	8h	740.46	+0.003%	$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	740.22	−0.030%	$948	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.69	−0.101%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.18	−0.035%	$105K	$296K	30x	as long as short
Phemex METAUSDTlong	0.0000%	4h	740.44	long leg	$2.0M	$8K	10x
QFEX META-USD	+0.0025%	1h	740.40	−0.005%	$2.2M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.66	+0.030%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.98	−0.062%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.58	+0.019%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.43	−0.001%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.14	−0.041%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	−0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.94	−0.068%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	740.29	−0.020%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.84	+0.053%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.51	+0.009%	$1.6M	$497K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.73	−0.096%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.35	−0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.20	−0.032%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.030%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.44	0.000%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.62	+0.024%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.18	+0.235%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0241%	1h	740.45	+0.001%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.11	+0.090%	$464K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0925%	4h	740.30	−0.019%	$62K	$335K	10x	as long as short