Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0762%/8h= −83.5% APRpaid last 24h −0.110%

Price spread now: Vest against edgeX−0.048%57s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Vest is 0.048% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	739.92	0.0808	pay 0.0404% / 4h	55m 28s	$63K	$349K	10x
Short	Vest META-USD-PERP	739.57	0.0046	get 0.0006% / 1h	55m 28s	—	$11K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$160.07
Price spread: −0.048% → 0.000%: −$4.77
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$175.85
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 51 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 edgeX live order book, 51 min ago	5.27 bp	9.9 bp −$10	11.5 bp −$115	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 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	740.15	+0.031%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.01	+0.012%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.05	+0.017%	$492K	$629K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.38	−0.074%	$547K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.56	−0.049%	$25.2M	$191.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.40	−0.071%	$7.5M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.42	−0.068%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.14	−0.106%	$470K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.64	−0.038%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	739.44	−0.065%	$2.6M	$3.2M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	739.66	−0.035%	$12K	$423K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.84	−0.011%	$653	$6.8M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.46	−0.063%	$108K	$310K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.83	−0.013%	$2.0M	$9K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0007%	1h	738.95	−0.132%	$36K	$209K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.63	−0.040%	$855K	$2.8M	20x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	739.57	−0.048%	—	$11K	25x
Popdex METAUSDT	+0.0048%	1h	739.53	−0.053%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.19	−0.099%	$557K	$590K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.53	−0.053%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.71	−0.164%	$754K	$5.1M	10x	as long as short
QFEX META-USD	+0.0056%	1h	739.32	−0.082%	$2.2M	$14.0M	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	739.16	−0.103%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	740.03	+0.015%	$53K	$86K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	739.08	−0.114%	$642K	$7.3M	10x	as long as short
Nado META-PERP	+0.0097%	1h	739.00	−0.124%	$474K	$536K	20x	as long as short
Pacifica META	+0.0100%	1h	738.93	−0.134%	$612	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.55	−0.050%	$1.6M	$932K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.00	−0.125%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.49	−0.059%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.36	−0.076%	$266	—	10x	as long as short
Arcus META-USD	+0.0209%	1h	739.20	−0.098%	$111K	$291K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.41	+0.201%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0262%	1h	739.39	−0.072%	$86.9M	$136.2M	20x	as long as short
Lighter META	+0.0344%	1h	739.68	−0.033%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0613%	1h	740.77	+0.114%	$791K	$1.5M	20x	as long as short
edgeX METAUSDClong	+0.0808%	4h	739.92	long leg	$63K	$349K	10x