Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0721%/8h= +79.0% APRpaid last 24h +0.082%

Price spread now: edgeX against Vest−0.134%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.134% cheaper against Vest than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 15 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	742.69	0.0046	pay 0.0006% / 1h	7m 08s	—	$10K	25x
Short	edgeX METAUSDC	741.69	0.0767	get 0.0383% / 4h	1h 07m	$62K	$336K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.134%Rate

Funding earned: $151.46
Price spread: −0.134% → 0.000%: −$13.44
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $127.01
Costs to cover: 0.110%
Break-even: 1.1 days

Slippage unknown: Vest: no order-book sample; edgeX: live order book, 56 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 edgeX live order book, 56 min ago	5.13 bp	9.8 bp −$10	11.2 bp −$112	doesn't fit	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	742.37	−0.043%	$329K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0114%	1h	742.12	−0.077%	$31K	$245K	10x	as long as short
Nado META-PERP	−0.0019%	1h	742.09	−0.080%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.42	−0.036%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.55	−0.019%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.85	+0.021%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.66	−0.004%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.64	−0.007%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.30	−0.053%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.64	−0.007%	$5.5M	$11.5M	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	741.73	−0.129%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.81	−0.118%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.78	+0.012%	$806	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.44	−0.034%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.51	−0.024%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.10	+0.055%	$767K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.15	−0.073%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.49	−0.162%	$110K	$330K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	742.69	long leg	—	$10K	25x
Popdex METAUSDT	+0.0048%	1h	742.34	−0.047%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.39	−0.040%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.45	−0.032%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.33	−0.183%	$720K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	742.24	−0.061%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	742.48	−0.028%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.00	−0.093%	$612K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.49	−0.027%	$1.6M	$526K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.06	−0.219%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.64	−0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.50	−0.026%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.78	−0.123%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	742.44	−0.034%	$33K	$105	20x	as long as short
Lighter META	+0.0264%	1h	743.05	+0.048%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0340%	1h	743.00	+0.042%	$69.4M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.66	−0.004%	$586K	$1.1M	20x	as long as short
edgeX METAUSDCshort	+0.0767%	4h	741.69	−0.134%	$62K	$336K	10x