Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: GRVT against SoDEX−0.005%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on GRVT

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 airdropGRVT: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	740.46	0.0050	pay 0.0006% / 1h	1m 17s	$24K	$3K	10x
Short	GRVT META_USDT_Perp	740.42	0	get 0.0000% / 8h	2h 01m	$12K	$521K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$10.5
Price spread: −0.005% → 0.000%: −$0.54
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$28.04
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 21 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 GRVT live order book, 21 min ago	0.94 bp	9.2 bp −$9	16.0 bp −$160	doesn't fit	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	740.35	−0.015%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0103%	1h	740.29	−0.022%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0040%	1h	740.66	+0.027%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.97	+0.069%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.46	−0.001%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.53	+0.009%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.53	+0.009%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.32	−0.019%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.98	−0.065%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.58	+0.016%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.46	0.000%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perpshort	0.0000%	8h	740.42	−0.005%	$12K	$521K	10x
SunX META-USDT	0.0000%	8h	740.99	+0.072%	$953	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.55	+0.012%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.30	−0.022%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.50	+0.005%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.44	−0.003%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.73	+0.036%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.75	+0.039%	$748K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.29	−0.023%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.91	+0.061%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.52	+0.008%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.62	+0.022%	$541K	$840K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	740.46	long leg	$24K	$3K	10x
Paradex META-USD-PERP	+0.0050%	8h	740.38	−0.011%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.24	−0.030%	$649K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0052%	1h	741.03	+0.077%	$45K	$61K	10x	as long as short
tradeXYZ xyz:META	+0.0053%	1h	740.70	+0.032%	$68.5M	$120.6M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.027%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.62	+0.022%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.32	−0.019%	$1.6M	$354K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.21	−0.034%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.50	+0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.34	−0.016%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.24	−0.030%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0972%	4h	740.41	−0.006%	$62K	$330K	10x	as long as short