Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0423%/8h= −46.3% APRpaid last 24h −0.096%

Price spread now: Gate against edgeX−0.057%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.504%−$50 on $10k

Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.057%, 7d avg −0.050%

Together, before fees−0.439%+ Points / potential airdropedgeX: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	741.06	0.0423	pay 0.0211% / 4h	3h 31m	$62K	$328K	10x
Short	Gate META_USDT	740.64	0	get 0.0000% / 8h	3h 31m	$324K	$5.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now −0.057%Rate

Funding earned: −$88.81
Price spread: −0.057% → −0.050%: −$0.69
Slippage, 4 orders: −$29.42
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$142.92
Costs to cover: 0.534%
Break-even: never at this rate

Slippage from edgeX: live order book, 17 min ago; Gate: live order book, 3 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 edgeX live order book, 17 min ago	5.46 bp	10.1 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.45 bp	16.7 bp −$17	44.9 bp −$449	doesn't fit	doesn't fit

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	740.86	−0.027%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.70	+0.086%	$456K	$534K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.86	−0.027%	$552K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.82	−0.033%	$27.3M	$175.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.12	+0.008%	$7.6M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.94	−0.016%	$6.1M	$13.1M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	740.64	−0.057%	$324K	$5.3M	100x
Bitget METAUSDT	0.0000%	8h	740.83	−0.031%	$6.1M	$10.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.36	+0.040%	$1.7M	$2.4M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.13	+0.009%	$12K	$547K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.88	−0.024%	$811	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.73	−0.045%	$30K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.70	−0.049%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.24	+0.024%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0024%	1h	740.77	−0.040%	$349K	$286K	20x	as long as short
Lighter RH META	+0.0032%	1h	741.18	+0.016%	$737K	$3.2M	20x	as long as short
Phoenix META	+0.0032%	1h	741.08	+0.003%	$303K	$774K	20x	as long as short
QFEX META-USD	+0.0037%	1h	741.09	+0.004%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.38	+0.043%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.95	−0.015%	$177K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.92	−0.019%	$540K	$836K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.94	−0.016%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.50	−0.076%	$717K	$3.8M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	740.94	−0.016%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	741.75	+0.092%	$37K	$52K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0072%	1h	741.13	+0.009%	$618K	$7.3M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.81	−0.034%	$1.6M	$316K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.61	−0.061%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.05	−0.002%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.96	−0.014%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0188%	1h	740.94	−0.016%	$69.4M	$118.9M	20x	as long as short
Lighter META	+0.0216%	1h	741.24	+0.024%	$861K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.49	−0.077%	$171K	$47K	30x	as long as short
Arcus META-USD	+0.0224%	1h	740.79	−0.037%	$263K	$313K	10x	as long as short
Hotstuff META-PERP	+0.0232%	1h	740.99	−0.010%	$33K	$105	20x	as long as short
edgeX METAUSDClong	+0.0423%	4h	741.06	long leg	$62K	$328K	10x