Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Gate+0.097%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.097% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	742.70	0	get 0.0000% / 8h	7h 21m	$486K	$6.3M	100x
Short	Vest META-USD-PERP	743.42	0.0046	get 0.0006% / 1h	21m 20s	—	$12K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.097%Rate

Funding earned: $9.59
Price spread: +0.097% → 0.000%: $9.69
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: $2.29
Costs to cover: 0.170%
Break-even: 5.3 days

Slippage unknown: Gate: live order book, 2 min ago; Vest: no order-book sample. 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 Gate live order book, 2 min ago	2.83 bp	20.0 bp −$20	39.9 bp −$399	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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 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	742.85	+0.020%	$336K	$1.1M	20x	as long as short
Nado META-PERP	0.0000%	1h	742.85	+0.020%	$478K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.04	+0.046%	$487K	$612K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.02	+0.043%	$544K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.26	+0.075%	$25.8M	$191.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.18	+0.065%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.15	+0.061%	$6.0M	$12.8M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	742.70	long leg	$486K	$6.3M	100x
Bitget METAUSDT	0.0000%	8h	743.16	+0.062%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	741.77	−0.125%	$2.5M	$3.0M	—	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	742.85	+0.020%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.45	+0.101%	$866	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.83	+0.018%	$36K	$270K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.89	+0.026%	$107K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.58	+0.118%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.16	+0.062%	$794K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.03	+0.044%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.81	+0.015%	$112K	$337K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	743.42	+0.097%	—	$12K	25x
Popdex METAUSDT	+0.0048%	1h	743.15	+0.061%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.96	+0.035%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.07	+0.050%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.41	−0.039%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	743.07	+0.050%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	743.53	+0.111%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	743.16	+0.061%	$606	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.10	+0.054%	$1.6M	$777K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.56	−0.019%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.28	+0.078%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.04	+0.046%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	742.26	−0.059%	$628K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.280%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	743.14	+0.059%	$33K	$105	20x	as long as short
Lighter META	+0.0296%	1h	743.34	+0.086%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0309%	1h	743.29	+0.079%	$85.2M	$133.7M	20x	as long as short
Phoenix META	+0.0791%	1h	743.95	+0.168%	$794K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0992%	4h	742.56	−0.019%	$62K	$347K	10x	as long as short