Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%

Price spread now: Gate against Bybit−0.038%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.038%, 7d avg −0.034%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	744.80	0	get 0.0000% / 8h	1h 20m	$7.3M	$15.3M	100x
Short	Gate META_USDT	744.52	0	get 0.0000% / 8h	1h 20m	$460K	$6.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.034%: −$0.38
Slippage, 4 orders: −$21.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.64
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 2 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 Bybit live order book, 2 min ago	1.14 bp	8.6 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.24 bp	13.3 bp −$13	39.8 bp −$398	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	744.97	+0.023%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0044%	1h	744.83	+0.004%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.18	+0.050%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.78	−0.002%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.94	+0.019%	$25.0M	$188.1M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	744.80	long leg	$7.3M	$15.3M	100x
OKX META-USDT-SWAP	0.0000%	8h	745.07	+0.036%	$6.0M	$12.7M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	744.52	−0.038%	$460K	$6.2M	100x
Bitget METAUSDT	0.0000%	8h	745.01	+0.028%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.86	+0.009%	$2.4M	$3.3M	—	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	744.80	0.000%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.01	+0.028%	$683	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.53	−0.036%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.74	−0.008%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.88	+0.011%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.97	+0.023%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.15	+0.047%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.65	−0.020%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.42	+0.083%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.02	+0.030%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.47	−0.044%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.93	+0.017%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.68	−0.016%	$685K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	744.99	+0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.91	+0.149%	$52K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.90	+0.013%	$1.6M	$686K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.19	−0.082%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.87	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.71	−0.012%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.009%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.34	+0.341%	$172K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	745.31	+0.068%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0368%	1h	745.62	+0.110%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0488%	1h	745.44	+0.086%	$77.8M	$127.5M	20x	as long as short
Phoenix META	+0.0739%	1h	746.23	+0.192%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.28	+0.064%	$13	$46	—	as long as short
edgeX METAUSDC	+0.0905%	4h	744.74	−0.008%	$62K	$343K	10x	as long as short