Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.013%

Price spread now: Gate against Vest−0.146%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 Gate

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 Gate is 0.146% cheaper against Vest than usual: you would sell low and buy high (−$15 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	741.96	0.0046	pay 0.0006% / 1h	28m 17s	—	$9K	25x
Short	Gate META_USDT	740.88	0	get 0.0000% / 8h	1h 28m	$343K	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.146%Rate

Funding earned: −$9.59
Price spread: −0.146% → 0.000%: −$14.56
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.15
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	7.63 bp	16.1 bp −$16	41.2 bp −$412	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	741.34	−0.084%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0084%	1h	741.43	−0.071%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	−0.027%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.22	−0.100%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.35	−0.083%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.37	−0.080%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.32	−0.086%	$6.0M	$13.2M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	740.88	−0.146%	$343K	$5.4M	100x
Bitget METAUSDT	0.0000%	8h	741.42	−0.073%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.62	−0.180%	$1.6M	$2.6M	—	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	740.92	−0.140%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.57	−0.053%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.44	−0.070%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.09	−0.117%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.20	−0.102%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.35	−0.082%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.66	−0.040%	$747K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.93	−0.139%	$111K	$481K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	741.96	long leg	—	$9K	25x
Popdex METAUSDT	+0.0048%	1h	741.38	−0.078%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.40	−0.075%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.27	−0.093%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.28	−0.092%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.40	−0.210%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.46	−0.068%	$48K	$64K	10x	as long as short
Lighter META	+0.0056%	1h	741.61	−0.047%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.142%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.12	−0.113%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0097%	1h	741.55	−0.055%	$68.6M	$120.9M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.29	−0.090%	$1.6M	$363K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.52	−0.194%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.28	−0.092%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.20	−0.102%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	741.51	−0.061%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.186%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0246%	4h	740.42	−0.208%	$62K	$331K	10x	as long as short