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 +0.024%

Price spread now: Bybit against Gate+0.039%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.039%, 7d avg +0.031%

Together, before fees−0.038%−$4 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	742.39	0	get 0.0000% / 8h	5h 03m	$362K	$5.7M	100x
Short	Bybit METAUSDT	742.68	0	get 0.0000% / 8h	5h 03m	$7.5M	$13.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.031%: $0.76
Slippage, 4 orders: −$30.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$56.22
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: 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 Gate live order book, 5 min ago	5.26 bp	21.6 bp −$22	43.5 bp −$435	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.15 bp	9.8 bp −$10	20.3 bp −$203	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	743.01	+0.084%	$330K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0114%	1h	742.28	−0.015%	$31K	$245K	10x	as long as short
Nado META-PERP	−0.0028%	1h	742.67	+0.038%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.49	+0.013%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.60	+0.029%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.83	+0.060%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	742.68	+0.039%	$7.5M	$13.8M	100x
OKX META-USDT-SWAP	0.0000%	8h	742.92	+0.071%	$6.0M	$13.4M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	742.39	long leg	$362K	$5.7M	100x
Bitget METAUSDT	0.0000%	8h	742.81	+0.057%	$5.5M	$11.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	742.77	+0.051%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.91	+0.070%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.79	+0.054%	$983	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.48	+0.012%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.77	+0.051%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.99	+0.081%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.67	+0.038%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.22	−0.023%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.08	+0.093%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.06	+0.090%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.48	+0.012%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.83	+0.059%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.16	−0.031%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	742.68	+0.039%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	742.87	+0.064%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.46	+0.009%	$613K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.73	+0.046%	$1.6M	$528K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.51	+0.016%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.70	+0.042%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.53	+0.019%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0188%	4h	742.88	+0.066%	$62K	$337K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.043%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	742.91	+0.070%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	742.88	+0.066%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0329%	1h	742.76	+0.050%	$69.4M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	742.66	+0.036%	$591K	$1.1M	20x	as long as short