Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.006%

Price spread now: Vest against OKX+0.069%7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.069% dearer against OKX than usual: you sell high and buy low: +$7 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	OKX META-USDT-SWAP	739.83	0	get 0.0000% / 8h	6h 37m	$5.9M	$13.2M	20x
Short	Vest META-USD-PERP	740.34	0.0046	get 0.0006% / 1h	37m 22s	—	$11K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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 OKXbpFee VestbpOrdersPrice spread, now +0.069%Rate

Funding earned: $9.59
Price spread: +0.069% → 0.000%: $6.89
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $4.49
Costs to cover: 0.120%
Break-even: 3.7 days

Slippage unknown: OKX: live order book, 1 min ago; 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 OKX live order book, 1 min ago	0.07 bp	8.6 bp −$9	20.6 bp −$206	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
Deribit META_USDC-PERPETUAL	−0.0196%	1h	739.27	−0.076%	$31K	$244K	10x	as long as short
Nado META-PERP	−0.0147%	1h	739.87	+0.005%	$478K	$546K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	+0.022%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.71	+0.119%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.85	+0.003%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.98	+0.020%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.83	0.000%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	739.83	long leg	$5.9M	$13.2M	20x
Gate META_USDT	0.0000%	8h	739.60	−0.031%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.09	+0.035%	$5.5M	$11.3M	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	739.73	−0.013%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.97	+0.019%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.05	+0.030%	$683	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.65	−0.024%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.05	+0.030%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.88	+0.007%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.32	+0.066%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.54	−0.039%	$110K	$330K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	740.34	+0.069%	—	$11K	25x
Popdex METAUSDT	+0.0048%	1h	740.04	+0.028%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.80	−0.004%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.93	+0.014%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.23	−0.081%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.88	+0.007%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.55	+0.097%	$49K	$80K	10x	as long as short
Lighter META	+0.0096%	1h	740.20	+0.050%	$855K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.03	+0.027%	$1.6M	$472K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.68	−0.020%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.92	+0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.65	−0.024%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.051%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	740.10	+0.036%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0168%	4h	739.75	−0.011%	$62K	$335K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.58	−0.034%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0244%	1h	740.16	+0.045%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	740.68	+0.115%	$390K	$1.1M	20x	as long as short