Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.012%

Price spread now: Vest against Bybit+0.054%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Vest

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.054% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	746.10	0	get 0.0000% / 8h	3h 41m	$7.5M	$14.5M	100x
Short	Vest META-USD-PERP	746.50	0.0046	get 0.0006% / 1h	41m 09s	—	$10K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.054%Rate

Funding earned: $9.59
Price spread: +0.054% → 0.000%: $5.36
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: $1.95
Costs to cover: 0.130%
Break-even: 5.6 days

Slippage unknown: Bybit: live order book, 2 min ago; Vest: no order-book sample. 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 Bybit live order book, 2 min ago	1.88 bp	10.9 bp −$11	18.6 bp −$186	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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	745.98	−0.016%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	746.02	−0.010%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.00	−0.014%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.96	−0.018%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.12	+0.002%	$28.5M	$183.0M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	746.10	long leg	$7.5M	$14.5M	100x
OKX META-USDT-SWAP	0.0000%	8h	746.06	−0.005%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.76	−0.046%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.23	+0.017%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.99	−0.148%	$2.4M	$3.2M	—	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	745.25	−0.114%	$12K	$451K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.13	+0.004%	$764	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.44	−0.088%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.92	−0.024%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.86	−0.032%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.36	+0.035%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.31	−0.106%	$111K	$330K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	746.50	+0.054%	—	$10K	25x
Popdex METAUSDT	+0.0048%	1h	746.38	+0.038%	$180K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.90	−0.027%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.22	+0.016%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.55	−0.074%	$786K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.14	+0.005%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.91	−0.026%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0092%	8h	746.21	+0.015%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.02	−0.011%	$1.6M	$605K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.30	−0.107%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.10	0.000%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.07	−0.004%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.20	−0.121%	$619K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.143%	$172K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	746.33	+0.031%	$865K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.47	+0.050%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0335%	1h	746.27	+0.023%	$70.3M	$121.1M	20x	as long as short
edgeX METAUSDC	+0.0515%	4h	745.73	−0.050%	$62K	$336K	10x	as long as short
Phoenix META	+0.0633%	1h	746.93	+0.111%	$777K	$1.4M	20x	as long as short