Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0576%/8h= +63.1% APRpaid last 24h +0.104%

Price spread now: edgeX against Gate+0.107%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.593%+$59 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.107%, 7d avg +0.052%

Together, before fees+0.531%+ Points / potential airdropedgeX: Active · farm board+$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and edgeX is 0.055% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	744.72	0	get 0.0000% / 8h	2h 01m	$433K	$6.0M	100x
Short	edgeX METAUSDC	745.52	0.0576	get 0.0288% / 4h	2h 01m	$62K	$341K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $120.98
Price spread: +0.107% → +0.052%: $5.52
Slippage, 4 orders: −$27.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $75.43
Costs to cover: 0.511%
Break-even: 2.6 days

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 47 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, 2 min ago	4.76 bp	14.7 bp −$15	28.1 bp −$281	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	5.16 bp	9.8 bp −$10	11.3 bp −$113	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	745.68	+0.129%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0005%	1h	744.91	+0.026%	$482K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.16	+0.059%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.93	+0.028%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.18	+0.062%	$27.6M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.23	+0.068%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.40	+0.091%	$6.1M	$12.5M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	744.72	long leg	$433K	$6.0M	100x
Bitget METAUSDT	0.0000%	8h	745.26	+0.073%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	746.12	+0.189%	$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	745.64	+0.124%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.17	+0.060%	$864	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.77	+0.007%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.15	+0.058%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.84	+0.150%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.54	+0.110%	$775K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	+0.059%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.70	+0.132%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.12	+0.054%	$2.2M	$13.9M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.19	+0.063%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.12	+0.054%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.37	+0.087%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.64	−0.011%	$716K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	745.10	+0.051%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.11	+0.186%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.24	+0.070%	$1.6M	$659K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	+0.075%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.31	+0.079%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.18	+0.061%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.18	+0.062%	$657K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.444%	$172K	$46K	30x	as long as short
Lighter META	+0.0296%	1h	745.59	+0.117%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.18	+0.196%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0453%	1h	745.61	+0.120%	$76.3M	$125.9M	20x	as long as short
edgeX METAUSDCshort	+0.0576%	4h	745.52	+0.107%	$62K	$341K	10x
Phoenix META	+0.0685%	1h	747.34	+0.352%	$798K	$1.4M	20x	as long as short