Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.148%

Price spread now: Extended against Bitget+0.007%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 7 days−0.491%−$49 · spread now +0.007%, 7d avg −0.035%

Together, before fees−0.341%+ Points / potential airdropExtended: Active · farm board−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.042% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	739.34	0	get 0.0000% / 8h	7h 29m	$5.6M	$11.1M	100x
Short	Extended META_24_5-USD	739.39	0	get 0.0000% / 1h	29m 03s	$550K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.035%: $4.2
Slippage, 4 orders: −$14.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.65
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Extended: 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 Bitget live order book, 4 min ago	1.01 bp	9.4 bp −$9	21.1 bp −$211	40.4 bp −$4,035	doesn't fit
Sell Extended live order book, 5 min ago	0.54 bp	5.6 bp −$6	32.8 bp −$328	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	739.45	+0.015%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.65	+0.041%	$466K	$549K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	739.39	+0.007%	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	739.52	+0.024%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.62	+0.038%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.49	+0.020%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.97	−0.050%	$351K	$5.6M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	739.34	long leg	$5.6M	$11.1M	100x
Variational Omni META	0.0000%	8h	739.38	+0.005%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.41	+0.009%	$12K	$471K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	739.71	+0.050%	$845	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.21	−0.018%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.40	+0.008%	$106K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.57	+0.031%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0007%	1h	739.16	−0.024%	$393K	$356K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.61	+0.037%	$755K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.70	+0.049%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.42	+0.011%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.30	−0.005%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.42	+0.011%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.70	−0.087%	$691K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.52	+0.024%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.82	−0.070%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	739.35	+0.001%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.57	+0.031%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	739.55	+0.028%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.55	+0.028%	$1.6M	$432K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	738.62	−0.097%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.48	+0.019%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.36	+0.003%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.115%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0178%	1h	739.49	+0.020%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.90	+0.211%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	739.65	+0.042%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.35	+0.001%	$277K	$930K	20x	as long as short
edgeX METAUSDC	+0.0475%	4h	739.30	−0.005%	$62K	$335K	10x	as long as short