Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.009%

Price spread now: Bitget against Vest−0.035%7-day average — · you buy dearer than you sell

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

Long on Vest 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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.035% cheaper against Vest than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	741.43	0.0046	pay 0.0006% / 1h	36m 57s	—	$10K	25x
Short	Bitget METAUSDT	741.17	0	get 0.0000% / 8h	5h 36m	$5.6M	$11.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. 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 VestbpFee BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$9.59
Price spread: −0.035% → 0.000%: −$3.51
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.1
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: 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 Vest no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.61 bp	9.8 bp −$10	20.3 bp −$203	38.6 bp −$3,862	doesn't fit

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	741.24	−0.026%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0034%	1h	740.97	−0.062%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.61	+0.024%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.99	−0.059%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.20	−0.032%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.12	−0.042%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.07	−0.049%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.01	−0.057%	$345K	$5.6M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	741.17	−0.035%	$5.6M	$11.4M	100x
Variational Omni META	0.0000%	8h	741.13	−0.040%	$2.3M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.42	−0.002%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.22	−0.028%	$801	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.68	−0.101%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.88	−0.074%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.21	−0.030%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.37	−0.008%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.08	−0.047%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.83	−0.081%	$110K	$330K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	741.43	long leg	—	$10K	25x
Popdex METAUSDT	+0.0048%	1h	741.16	−0.036%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.93	−0.067%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.13	−0.040%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.121%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	740.99	−0.059%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.11	+0.092%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.053%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.39	−0.005%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.68	−0.101%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.11	−0.043%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.95	−0.065%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.282%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.34	−0.012%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0256%	1h	741.39	−0.005%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	741.28	−0.020%	$69.1M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.14	+0.096%	$521K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0560%	4h	741.14	−0.039%	$62K	$335K	10x	as long as short