Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.013%

Price spread now: Vest against Gate+0.089%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.089% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	745.30	0	get 0.0000% / 8h	3h 43m	$365K	$5.8M	100x
Short	Vest META-USD-PERP	745.96	0.0046	get 0.0006% / 1h	43m 01s	—	$10K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.089%Rate

Funding earned: $9.59
Price spread: +0.089% → 0.000%: $8.86
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: $1.45
Costs to cover: 0.170%
Break-even: 5.9 days

Slippage unknown: Gate: live order book, just now; 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 Gate live order book, just now	6.50 bp	18.0 bp −$18	32.6 bp −$326	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 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	746.00	+0.094%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0021%	1h	745.38	+0.011%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.39	+0.012%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.90	+0.081%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.08	+0.105%	$28.5M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.94	+0.086%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.99	+0.093%	$6.0M	$13.6M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	745.30	long leg	$365K	$5.8M	100x
Bitget METAUSDT	0.0000%	8h	746.04	+0.099%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.99	−0.041%	$2.4M	$3.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.25	−0.006%	$12K	$451K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.40	+0.013%	$662	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.55	+0.034%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.57	+0.036%	$106K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.57	+0.036%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.24	+0.126%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.75	−0.074%	$111K	$330K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	745.96	+0.089%	—	$10K	25x
Popdex METAUSDT	+0.0048%	1h	745.90	+0.081%	$180K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.55	+0.034%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.88	+0.078%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.20	−0.148%	$801K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	745.71	+0.055%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	745.52	+0.030%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0094%	8h	745.70	+0.054%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.51	+0.028%	$1.6M	$604K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.39	−0.122%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.87	+0.076%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.73	+0.057%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.20	−0.013%	$619K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.251%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	745.33	+0.004%	$33K	$105	20x	as long as short
Lighter META	+0.0240%	1h	746.18	+0.118%	$865K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0338%	1h	746.17	+0.117%	$70.2M	$121.1M	20x	as long as short
Phoenix META	+0.0633%	1h	746.12	+0.110%	$773K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0979%	4h	744.81	−0.065%	$62K	$339K	10x	as long as short