Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget−0.051%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.051%, 7d avg −0.052%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	743.64	0	get 0.0000% / 8h	7h 29m	$5.7M	$12.2M	100x
Short	Gate META_USDT	743.26	0	get 0.0000% / 8h	7h 29m	$482K	$6.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.052%: $0.09
Slippage, 4 orders: −$28.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.74
Costs to cover: 0.558%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 4 min ago.

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 Bitget live order book, 4 min ago	1.08 bp	10.2 bp −$10	22.1 bp −$221	48.0 bp −$4,797	doesn't fit
Sell Gate live order book, 4 min ago	6.46 bp	17.0 bp −$17	42.6 bp −$426	doesn't fit	doesn't fit

META on 37 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	743.65	+0.001%	$336K	$1.1M	20x	as long as short
Nado META-PERP	−0.0010%	1h	743.50	−0.019%	$478K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.00	+0.048%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.51	−0.017%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.67	+0.004%	$25.9M	$191.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.55	−0.012%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.50	−0.019%	$6.1M	$12.8M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	743.26	−0.051%	$482K	$6.3M	100x
Bitget METAUSDTlong	0.0000%	8h	743.64	long leg	$5.7M	$12.2M	100x
Variational Omni META	0.0000%	8h	743.94	+0.041%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.00	+0.048%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.99	+0.047%	$1K	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.36	−0.038%	$44K	$269K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.49	−0.020%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.70	+0.008%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.76	+0.016%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.61	−0.004%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.41	−0.031%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.19	+0.074%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.59	−0.007%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.12	−0.070%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.62	−0.003%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.10	−0.073%	$742K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	743.72	+0.011%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	744.55	+0.122%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	743.42	−0.029%	$607	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.88	+0.032%	$1.6M	$770K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.23	−0.055%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.57	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.45	−0.025%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.73	+0.012%	$635K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.277%	$176K	$52K	30x	as long as short
Lighter META	+0.0288%	1h	743.94	+0.040%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0295%	1h	743.96	+0.043%	$84.7M	$133.2M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	744.01	+0.050%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0672%	4h	743.87	+0.031%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	745.06	+0.191%	$795K	$1.5M	20x	as long as short