Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.009%

Price spread now: Bitget against Vest−0.044%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Bitget

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.044% cheaper against Vest than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	745.69	0.0046	pay 0.0006% / 1h	43m 46s	—	$12K	25x
Short	Bitget METAUSDT	745.36	0	get 0.0000% / 8h	1h 43m	$5.5M	$12.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. 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 VestbpFee BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$9.59
Price spread: −0.044% → 0.000%: −$4.43
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.02
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 5 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	1.48 bp	10.7 bp −$11	16.3 bp −$163	50.1 bp −$5,009	doesn't fit

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	745.51	−0.024%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0022%	1h	745.05	−0.085%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.51	−0.024%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.23	−0.062%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.39	−0.040%	$25.3M	$187.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.28	−0.055%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.54	−0.020%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.71	−0.131%	$457K	$6.1M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	745.36	−0.044%	$5.5M	$12.2M	100x
Variational Omni META	0.0000%	8h	745.37	−0.042%	$2.4M	$3.3M	—	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	745.59	−0.013%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.39	−0.040%	$552	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.16	−0.071%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.95	+0.035%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.24	−0.060%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0040%	1h	745.70	+0.001%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.11	−0.078%	$109K	$333K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	745.69	long leg	—	$12K	25x
Popdex METAUSDT	+0.0048%	1h	745.37	−0.043%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.99	−0.094%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.36	−0.044%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.94	−0.101%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	745.35	−0.046%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.39	+0.093%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.48	−0.028%	$1.6M	$671K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.89	−0.107%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.48	−0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.28	−0.054%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	−0.035%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.396%	$173K	$46K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0247%	1h	745.32	−0.050%	$34K	$271K	10x	as long as short
edgeX METAUSDC	+0.0385%	4h	745.39	−0.040%	$62K	$344K	10x	as long as short
Lighter META	+0.0392%	1h	745.84	+0.020%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0448%	1h	745.78	+0.012%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0545%	1h	745.74	+0.007%	$76.9M	$127.1M	20x	as long as short
Phoenix META	+0.0739%	1h	747.27	+0.212%	$798K	$1.5M	20x	as long as short