Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.012%

Price spread now: Bybit against Vest−0.077%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 Bybit

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 Bybit is 0.077% cheaper against Vest than usual: you would sell low and buy high (−$8 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	744.16	0.0046	pay 0.0006% / 1h	50m 12s	—	$10K	25x
Short	Bybit METAUSDT	743.59	0	get 0.0000% / 8h	3h 50m	$7.6M	$14.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$9.59
Price spread: −0.077% → 0.000%: −$7.66
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.25
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.54 bp	8.2 bp −$8	14.2 bp −$142	193.8 bp −$19.4K	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	744.20	+0.005%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0017%	1h	743.63	−0.072%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.01	−0.020%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.79	−0.050%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.01	−0.020%	$28.4M	$182.9M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	743.59	−0.077%	$7.6M	$14.4M	100x
OKX META-USDT-SWAP	0.0000%	8h	744.06	−0.013%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.71	−0.060%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.11	−0.007%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.05	−0.014%	$2.4M	$3.2M	—	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	744.65	+0.066%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.05	−0.015%	$639	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.45	−0.095%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.95	−0.028%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.53	+0.050%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.15	−0.001%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.96	−0.027%	$111K	$330K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	744.16	long leg	—	$10K	25x
Popdex METAUSDT	+0.0048%	1h	744.09	−0.009%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.79	−0.050%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.09	−0.009%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.23	−0.125%	$800K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	743.88	−0.038%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.72	+0.076%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0098%	8h	743.87	−0.039%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.94	−0.030%	$1.6M	$598K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.72	−0.059%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.86	−0.040%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.75	−0.055%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.82	−0.046%	$623K	$7.4M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	744.13	−0.004%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.53	+0.318%	$172K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	744.11	−0.007%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0319%	1h	744.21	+0.007%	$70.0M	$121.0M	20x	as long as short
edgeX METAUSDC	+0.0578%	4h	744.50	+0.046%	$62K	$337K	10x	as long as short
Phoenix META	+0.0633%	1h	745.49	+0.179%	$754K	$1.4M	20x	as long as short