Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h −0.103%

Price spread now: Bitget against Extended+0.039%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 7 days+0.340%+$34 · spread now +0.039%, 7d avg +0.021%

Together, before fees+0.189%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	745.23	0	get 0.0000% / 1h	48m 50s	$547K	$2.7M	17x
Short	Bitget METAUSDT	745.52	0.0074	get 0.0074% / 8h	2h 48m	$5.5M	$11.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.039%Rate

Funding earned: $15.54
Price spread: +0.039% → +0.021%: $1.81
Slippage, 4 orders: −$12.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.28
Costs to cover: 0.296%
Break-even: 12.5 days

Slippage from Extended: live order book, 5 min ago; Bitget: live order book, 5 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 Extended live order book, 5 min ago	0.54 bp	5.5 bp −$5	33.4 bp −$334	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.47 bp	10.3 bp −$10	12.3 bp −$123	20.0 bp −$2,001	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	745.42	+0.026%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.36	+0.152%	$492K	$577K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	745.23	long leg	$547K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	745.33	+0.013%	$28.3M	$181.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.32	+0.012%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.47	+0.033%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.77	−0.061%	$429K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.99	+0.102%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.12	+0.119%	$12K	$448K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.63	+0.054%	$775	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.09	−0.018%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.24	+0.002%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.06	+0.112%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.58	+0.047%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.54	+0.042%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.19	−0.005%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.10	−0.017%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.32	+0.012%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.07	−0.021%	$759K	$4.5M	10x	as long as short
Nado META-PERP	+0.0058%	1h	744.98	−0.033%	$482K	$557K	20x	as long as short
Lighter RH META	+0.0064%	1h	745.58	+0.047%	$768K	$2.9M	20x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	745.09	−0.018%	—	—	5x	as long as short
Bitget METAUSDTshort	+0.0074%	8h	745.52	+0.039%	$5.5M	$11.9M	100x
Aftermath Perps METAUSD	+0.0087%	1h	745.98	+0.101%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.46	+0.031%	$1.6M	$633K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.03	−0.026%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.36	+0.018%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.24	+0.002%	$268	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	745.43	+0.027%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.159%	$671K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.430%	$173K	$46K	30x	as long as short
Lighter META	+0.0368%	1h	745.60	+0.050%	$983K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	745.92	+0.093%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0523%	1h	745.61	+0.051%	$72.3M	$122.7M	20x	as long as short
edgeX METAUSDC	+0.0524%	4h	745.99	+0.103%	$62K	$339K	10x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.198%	$797K	$1.4M	20x	as long as short