Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: KuCoin against Vest−0.086%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 KuCoin

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

Funding pays, the price is against you. KuCoin is 0.086% cheaper against Vest than usual: you would sell low and buy high (spread −0.086% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	746.13	0.0046	pay 0.0006% / 1h	3m 06s	—	$11K	25x
Short	KuCoin METAUSDTM	745.49	0.0100	get 0.0100% / 8h	2h 03m	$1.6M	$658K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $11.41
Price spread: −0.086% → 0.000%: −$8.58
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$11.17
Costs to cover: 0.140%
Break-even: 13.9 days

Slippage unknown: Vest: no order-book sample; KuCoin: 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 KuCoin live order book, 3 min ago	5.23 bp	45.1 bp −$45	doesn't fit	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	745.68	−0.060%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0004%	1h	745.52	−0.081%	$483K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.38	−0.100%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.32	−0.109%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.54	−0.079%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.38	−0.101%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.68	−0.060%	$6.1M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.06	−0.143%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.60	−0.071%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	746.12	−0.001%	$2.4M	$3.3M	—	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	746.23	+0.013%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.31	−0.110%	$1K	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.99	−0.153%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.58	−0.074%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.84	−0.039%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.84	−0.039%	$775K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.38	−0.101%	$110K	$332K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	746.13	long leg	—	$11K	25x
QFEX META-USD	+0.0046%	1h	745.33	−0.107%	$2.2M	$13.9M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.53	−0.080%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.06	−0.143%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.55	−0.078%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.16	−0.130%	$752K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	745.66	−0.062%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	746.54	+0.055%	$52K	$81K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	745.49	−0.086%	$1.6M	$658K	20x
ApeX Omni METAUSDT	+0.0100%	1h	745.28	−0.114%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.52	−0.082%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.39	−0.100%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.18	−0.127%	$657K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.255%	$172K	$46K	30x	as long as short
Lighter META	+0.0296%	1h	745.90	−0.031%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.18	+0.007%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0452%	1h	745.91	−0.029%	$76.3M	$125.8M	20x	as long as short
edgeX METAUSDC	+0.0547%	4h	745.87	−0.035%	$62K	$341K	10x	as long as short
Phoenix META	+0.0685%	1h	747.34	+0.162%	$798K	$1.4M	20x	as long as short