Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: Deribit against Gate+0.038%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.038%, 7d avg −0.001%

Together, before fees+0.142%+$14 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: Deribit is 0.038% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	741.77	0	get 0.0000% / 8h	1h 05m	$350K	$5.5M	100x
Short	Deribit META_USDC-PERPETUAL	742.05	0	get 0.0000% / 1h	5m 18s	$30K	$257K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → −0.001%: $3.84
Slippage, 4 orders: −$24.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$42.83
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 13 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 Gate live order book, 3 min ago	5.80 bp	16.6 bp −$17	33.2 bp −$332	doesn't fit	doesn't fit
Sell Deribit live order book, 13 min ago	0.07 bp	11.4 bp −$11	14.5 bp −$145	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	742.42	+0.088%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0050%	1h	741.94	+0.023%	$392K	$328K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.82	+0.007%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.26	+0.066%	$549K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.40	+0.086%	$27.2M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.19	+0.057%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.53	+0.102%	$6.0M	$13.2M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	741.77	long leg	$350K	$5.5M	100x
Bitget METAUSDT	0.0000%	8h	742.30	+0.071%	$5.8M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	742.16	+0.053%	$2.1M	$3.1M	—	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	742.18	+0.055%	$12K	$499K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.19	+0.057%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	742.05	+0.038%	$30K	$257K	10x
HTX META-USDT	0.0000%	8h	742.18	+0.055%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.38	+0.082%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	742.15	+0.051%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	742.50	+0.098%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.85	+0.011%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.39	+0.084%	—	$9K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	742.27	+0.067%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.39	+0.084%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.27	+0.067%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.33	+0.075%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.83	+0.008%	$721K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	742.12	+0.047%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0059%	1h	742.69	+0.125%	$53K	$69K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	742.12	+0.047%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	742.21	+0.059%	$291K	$791K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.17	+0.054%	$1.6M	$370K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.61	−0.022%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.31	+0.073%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.21	+0.060%	$267	—	10x	as long as short
Lighter META	+0.0120%	1h	742.58	+0.109%	$864K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0140%	1h	742.29	+0.070%	$67.4M	$122.0M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.78	+0.001%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0724%	4h	742.23	+0.062%	$62K	$331K	10x	as long as short