Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: Ondo Perps against Gate−0.007%7-day average −0.031% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.007%, 7d avg −0.031%

Together, before fees+0.209%+ Points / potential airdropOndo Perps: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.024% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	744.22	0	get 0.0000% / 8h	51m 24s	$465K	$6.2M	100x
Short	Ondo Perps META-USD.P	744.17	0.0050	get 0.0006% / 1h	51m 24s	$728K	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.007%Rate

Funding earned: $10.58
Price spread: −0.007% → −0.031%: $2.4
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.02
Costs to cover: 0.200%
Break-even: 11.6 days

Slippage unknown: Gate: live order book, 2 min ago; Ondo Perps: 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 Gate live order book, 2 min ago	4.77 bp	17.1 bp −$17	35.9 bp −$359	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	745.06	+0.113%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.49	+0.171%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.52	+0.041%	$547K	$2.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.61	+0.052%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.51	+0.039%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.73	+0.069%	$6.0M	$12.7M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	744.22	long leg	$465K	$6.2M	100x
Bitget METAUSDT	0.0000%	8h	744.64	+0.056%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.61	+0.186%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.24	+0.137%	$13K	$436K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.86	+0.086%	$947	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.41	+0.026%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.63	+0.055%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.56	+0.180%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.50	+0.038%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.83	+0.082%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.87	+0.087%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.46	+0.032%	$564K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.76	+0.073%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	744.17	−0.007%	$728K	$5.1M	10x
Paradex META-USD-PERP	+0.0055%	8h	744.46	+0.032%	—	—	5x	as long as short
Lighter RH META	+0.0072%	1h	744.97	+0.101%	$787K	$3.1M	20x	as long as short
Nado META-PERP	+0.0077%	1h	744.22	0.000%	$480K	$560K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	745.53	+0.176%	$52K	$81K	10x	as long as short
Pacifica META	+0.0100%	1h	744.84	+0.083%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.74	+0.070%	$1.6M	$707K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.40	+0.024%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.58	+0.048%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.45	+0.031%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.65	+0.058%	$654K	$7.9M	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	744.74	+0.070%	$177K	$203K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.52	+0.578%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0274%	4h	745.01	+0.107%	$62K	$344K	10x	as long as short
Hotstuff META-PERP	+0.0352%	1h	745.35	+0.152%	$33K	$105	20x	as long as short
Lighter META	+0.0488%	1h	745.18	+0.129%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0547%	1h	744.99	+0.103%	$80.5M	$129.1M	20x	as long as short
Phoenix META	+0.0750%	1h	746.46	+0.301%	$797K	$1.5M	20x	as long as short