Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.072%

Price spread now: Extended against Gate+0.051%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 7 days−0.420%−$42 · spread now +0.051%, 7d avg +0.033%

Together, before fees−0.267%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	745.55	0	get 0.0000% / 8h	59m 54s	$463K	$6.2M	100x
Short	Extended META_24_5-USD	745.93	0	get 0.0000% / 1h	59m 54s	$548K	$1.8M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.033%: $1.81
Slippage, 4 orders: −$21.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$39.72
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Extended: live order book, 4 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	5.23 bp	16.7 bp −$17	41.7 bp −$417	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.27 bp	5.4 bp −$5	29.2 bp −$292	doesn't fit	doesn't fit

META on 37 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	745.84	+0.039%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0026%	1h	745.22	−0.045%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.92	+0.050%	$480K	$593K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	745.93	+0.051%	$548K	$1.8M	17x
Binance METAUSDT	0.0000%	8h	746.05	+0.067%	$24.9M	$188.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.06	+0.068%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.33	+0.105%	$6.0M	$12.7M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	745.55	long leg	$463K	$6.2M	100x
Bitget METAUSDT	0.0000%	8h	745.71	+0.021%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.62	+0.010%	$2.4M	$3.1M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.66	+0.014%	$12K	$436K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.91	+0.048%	$973	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.95	+0.054%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.80	+0.034%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.99	+0.059%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.69	+0.019%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.57	+0.137%	$787K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.33	−0.030%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.27	+0.097%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.87	+0.043%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.72	+0.023%	$565K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.88	+0.044%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.05	−0.067%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	745.46	−0.012%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.34	+0.106%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.83	+0.038%	$1.6M	$702K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.02	−0.071%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.11	+0.075%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.05	+0.067%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.25	−0.040%	$649K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.220%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	746.01	+0.062%	$33K	$105	20x	as long as short
Lighter META	+0.0392%	1h	746.31	+0.102%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0495%	1h	746.50	+0.127%	$78.8M	$128.3M	20x	as long as short
edgeX METAUSDC	+0.0528%	4h	745.48	−0.009%	$62K	$345K	10x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.125%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.36	−0.025%	$13	$106	10x	as long as short