Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.011%

Price spread now: Bitget against SoDEX+0.235%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Bitget

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—needs both histories

The price spread pays, funding is against you. Bitget is 0.235% dearer against SoDEX than usual: you sell high and buy low (spread +0.235% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	744.08	0.0050	pay 0.0006% / 1h	11m 57s	$25K	$3K	10x
Short	Bitget METAUSDT	745.83	0	get 0.0000% / 8h	2h 11m	$5.5M	$12.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.235%Rate

Funding earned: −$10.5
Price spread: +0.235% → 0.000%: $23.52
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$6.98
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 2 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	1.01 bp	10.6 bp −$11	23.1 bp −$231	48.2 bp −$4,820	doesn't fit

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	744.66	+0.078%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.95	+0.117%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.67	+0.214%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.81	+0.232%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.64	+0.210%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.00	+0.258%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.15	+0.144%	$435K	$5.9M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	745.83	+0.235%	$5.5M	$12.1M	100x
Variational Omni META	0.0000%	8h	743.82	−0.035%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.06	−0.002%	$12K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.29	+0.028%	$745	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.27	+0.160%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.67	+0.214%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.20	+0.151%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0006%	1h	745.39	+0.176%	$482K	$557K	20x	as long as short
Lighter RH META	+0.0032%	1h	746.04	+0.263%	$766K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.94	−0.019%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.73	+0.222%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.51	+0.192%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.72	+0.220%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.39	+0.176%	$586K	$562K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	744.08	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	744.98	+0.121%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	745.73	+0.222%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	744.74	+0.089%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.25	+0.157%	$1.6M	$655K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.53	−0.074%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.38	+0.175%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.13	+0.142%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.53	+0.060%	$655K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.259%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	746.12	+0.274%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.50	+0.056%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0449%	1h	746.35	+0.305%	$75.8M	$125.5M	20x	as long as short
edgeX METAUSDC	+0.0646%	4h	743.83	−0.033%	$62K	$342K	10x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.109%	$795K	$1.4M	20x	as long as short