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 +0.003%

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

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.057%, 7d avg +0.050%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	738.95	0	get 0.0000% / 8h	7h 30m	$351K	$5.6M	100x
Short	Bitget METAUSDT	739.37	0	get 0.0000% / 8h	7h 30m	$5.6M	$11.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.050%: $0.69
Slippage, 4 orders: −$25.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$51.74
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bitget: 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 Gate live order book, 3 min ago	6.23 bp	14.2 bp −$14	33.2 bp −$332	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.01 bp	11.3 bp −$11	19.8 bp −$198	43.7 bp −$4,374	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	739.50	+0.074%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.52	+0.077%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.33	+0.052%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.49	+0.073%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.55	+0.081%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.27	+0.043%	$6.0M	$13.2M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	738.95	long leg	$351K	$5.6M	100x
Bitget METAUSDTshort	0.0000%	8h	739.37	+0.057%	$5.6M	$11.1M	100x
Variational Omni META	0.0000%	8h	739.38	+0.058%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	738.91	−0.006%	$12K	$479K	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	739.25	+0.041%	$679	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.21	+0.035%	$30K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.28	+0.045%	$106K	$291K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	738.98	+0.004%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	739.07	+0.016%	$371K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.65	+0.095%	$756K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.55	+0.081%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.49	+0.073%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.20	+0.034%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.38	+0.058%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.66	−0.039%	$691K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.33	+0.051%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.70	−0.034%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	739.23	+0.037%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.39	+0.059%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	739.49	+0.073%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.43	+0.065%	$1.6M	$430K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	738.62	−0.045%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.51	+0.076%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.34	+0.053%	$266	—	10x	as long as short
edgeX METAUSDC	+0.0143%	4h	738.77	−0.024%	$62K	$334K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.062%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0176%	1h	739.44	+0.066%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.02	+0.280%	$171K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	739.66	+0.096%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.35	+0.054%	$277K	$930K	20x	as long as short